Self-Employed Home Loan | 1-Year Lite Doc

Purchase / Rate & Term | 90% LTV - 680 Credit Score

Cash-Out Refinance | 85% LTV - 660 Credit Score $1,500,000 Maximum Cash-in-Hand

Maximum Loan Amount - $3,500,000

Self-Employed Borrower Income | Lite Doc

  • 12 Months Personal Bank Statement
  • Profit and Loss Statement: Borrower Prepared and Unaudited P&L
  • Expense Factor: A percentage determined by the Loan Officer and signed off on by the underwriter. Criteria for the underwriter to consider is the Scope (Business Narrative Form) of the company
  • Asset Depletion

Self-Employed Borrower Verification of Employment Documentation | VOE

  • CPA, Enroll Agent or Professional Tax Preparer to state percentage of business ownership. Have been filing Self-Employed tax returns for previous X number of years (>2years)
  • W2 Wage Earner Co-Borrower - OK-

Wage Earner Docs:

  • Previous Year W2 and Recent Paycheck Stubs for the previous 30 days
  • Written Verification of Employment | WVOE
    • Standard form sent to and to be completed by Employer Human Resource Department or Direct Supervisor

50% Maximum Debt-to-Income Ratio | DTI



  • One Mortgage Late in Previous 12 Months, OK.
  • Asset Depletion Available for W2 Wage Earner and Self-employed


600 Minimum Middle Credit Score

Can Own up to 20 Financed Properties



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