1099 Only Lite Doc Income Documentation

Bank Statement Loan | 660 Credit Score – 90% LTV to $1,500,000

• 1-Year Income and Employment Verification Documentation, Asset Utilization

• Form 4506-T and 4506-C is Required – One Year

• Tax Return is Required – One Year for Lite Doc

Minimum Credit Scores:

• 600 Minimum Score for the Primary Income Earner

• 580 Minimum Co-Borrower

Portfolio Non-QM Lender Guidelines & Highlights

Simplifying Non-QM Underwriting and process by defaulting to our core Non-QM guidelines and interpretation of the Ability to Repay rule. We can expedite and close your loan with minimal conditions and fast closing.

Underwriter Niche Guidelines:

• VOR (Verification of Rent) Not Required

• No Credit LOE’s (Letter of Explanation) for previous addresses, work history, recent credit inquiries

• Reserves not required on Primary Residence

• No Liquid Assets Requirement for either a Rate and Term Refinances but also, Cash-Out refinance

• No Residual Income requirements

• Six Months Title Seasoning on Market Value Cash-Out Refinance

• First Time Homebuyers qualify the same

• 100% Gift Funds with 5% Borrower Contribution

• 55% DTI (debt-to-income) Ratio

• Cash-Out Available

• Fixed-Rate Interest-Only Terms Available

• Prepayment Options Available

Available in the Following States:

Alabama, California, Florida, Georgia, Hawaii, Illinois, Maryland, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennesse, Texas, Utah, Virginia, and Washington.