Acra Lending: non-QM programs reviewed
Acra Lending (the former Citadel Servicing) is a wholesale and correspondent non-QM lender whose published floors sit at the permissive end of the market. Its bank statement program takes 12 or 24 months of statements to 90% LTV on purchases — explicitly no 1040s, 1120s, K-1s or IRS transcripts.
Where Acra really differentiates is at the edges: a DSCR program that accepts coverage ratios down to 0.80 and credit scores down to 575 (including condotels and non-warrantable condos), and a foreign national program to $3 million requiring no US income, employment or credit verification. Like the other wholesalers here, borrowers reach Acra only through a mortgage broker or correspondent partner.
Program details
Channel: Wholesale only (via a broker) · NMLS #144549 (verify on NMLS Consumer Access)
| Factor | Published guideline | Source |
|---|---|---|
| Statements accepted | 12 or 24 months — no 1040s, 1120s, K-1s, or IRS transcripts required | source |
| Max LTV (purchase) | 90% | source |
| DSCR program | Minimum 0.80 coverage · 575 minimum score · loans to $3M · condotels and non-warrantable condos eligible | source |
| Foreign national program | To $3M with no US income, employment, or credit verification (non-owner-occupied) | source |
| Jumbo non-QM | To $4M standard; $4M–$10M case-by-case | source |
Published guidelines as of 2026-07-24 — not a quote, pre-approval, or offer of credit. Actual terms depend on full underwriting.
Other non-QM programs Acra Lending confirms offering: ITIN (DSCR allowed for ITIN borrowers) · 1099-only · Interest-only · P&L · WVOE · Business-purpose.
Strengths
- The 0.80-DSCR / 575-score investor floor is among the lowest published anywhere — properties that don't cash-flow to 1.0 still have a stated program.
- Foreign national lending without US credit or income verification is a genuine niche few lenders publish at all.
- Bank statement lending with an explicit no-tax-transcript policy keeps IRS timing issues out of underwriting.
Considerations
- Wholesale/correspondent only — no direct application path.
- Bank-statement credit floor and loan range aren't published (the 575 floor is DSCR-specific) — confirm per scenario.
- Permissive floors carry the price: sub-600 and sub-1.0-DSCR scenarios should expect the highest rate tier in non-QM.
Who it fits
Not sure a bank-statement program is right at all? Start with the bank statement loan guide, estimate your qualifying income with the bank statement estimator, or read how to compare non-QM lenders.
FAQ
It means Acra will finance an investment property whose rent covers only 80% of the mortgage payment — the borrower carries the gap. Published minimums are 0.80 coverage and a 575 credit score, with pricing reflecting the added risk. Most DSCR programs require 1.0+ coverage.
Under Acra's published foreign national program, yes — up to $3 million with no US income, employment, or credit verification, restricted to non-owner-occupied property. Expect substantial down payments and asset documentation from abroad.
Through an independent mortgage broker or one of Acra's correspondent partners — it doesn't lend directly to consumers. Ask a non-QM-experienced broker to include Acra when pricing an unusual scenario.
Sources
- Acra Lending — Programs overview
- Acra Lending — DSCR wholesale rate matrix (2026)
- HousingWire — Non-QM loans for modern borrowers (Acra)
Educational information only — not financial advice, and not a quote, pre-approval, or offer of credit. Mortgage Merlin is a publisher, not a lender or broker, and is not affiliated with Acra Lending. Program details change; confirm directly with the lender.