Alternative Income Documentation for Self-Employed and W2 Commission Business Professionals
This 6 Month Super Jumbo Bank Statement Non-Qualified Mortgage (Non-QM) loan program is for all residential property types and occupancy types including investment properties.
6 Months Bank Statements - 660 minimum middle mortgage credit score - Business and/or Personal Bank Statements
This lender allows for either Personal or Business account statements and can be used with any qualified assets and requires a minimum credit score of 660 and goes to a maximum loan-to-value ratio (LTV) of 90% See details below:
Eligible Transactions:
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Purchase
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Refinance - Rate/Term and Cash Out
Eligible Occupancies
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Owner-Occupied/Primary Residence
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Second Homes
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Investment Properties - 10 Maximum REO
Eligible Property Types
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Single Family Residence (SFR)
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Condominiums (including non-warrantable condos)
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Planned Urban Development (PUD's)
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2 - 4 Unit
SFR, Condos, and PUD's and Owner-Occupied/Primary Residence:
Purchase and Rate/Term Refinance:
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85% LTV - $1,000,000
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80% LTV - $3,000,00
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Cash Out Refinance
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75% LTV - $1,000,000
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70% LTV - $3,000,000
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- Second Home - Purchase and Rate/Term Refinance:
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70% LTV - 3,000,000
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- Cash Out Refinance - Second Home
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70% LTV - $3,000,000
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2-4 Units:
Purchase/Rate and Term
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- Owner-Occupied/Second Home
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- 70% LTV - $3,000,000
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Owner Occupied/Second Home - Cash Out Refinance:
65% LTV - $3,000,000
SFR, 1-4 Units, Condos & PUD's:
Purchase and Rate/Term Refinance
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Investment Property
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70% LTV - $3,000,000
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- Cash Out Refinance
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Investment Property
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65% LTV - $3,000,000
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- Purchase/Rate and Term
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Owner-Occupied/Second Home
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70% LTV - $3,000,000
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Owner Occupied and Second Home
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65% LTV - $3,000,000
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Mortgage Pre-Qualification Form - Credit Check Not Required |
Available in the Following States:
Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Nevada, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington