Alternative Income Documentation for Self-Employed and W2 Commission Business Professionals
6 Months Business and/or Personal Bank Statements
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. This lender requires a minimum credit score of 660 and goes to a maximum loan-to-value ratio (LTV) of 80% See details below:
660 Minimum Middle Credit Score
Eligible Transactions:
- Purchase
- Refinance - Rate/Term
- Refinance - Cash Out
Eligible Occupancies:
- Owner-Occupied / Primary Residence
- Second Homes
- Investment Properties - 6 Maximum
Eligible Property Types:
- Single Family Residence (SFR)
- Condominiums (including non-warrantable condos)
- Planned Urban Development (PUD's)
- 2 - 4 Unit
Loan-to-Value / Maximum Loan Amounts:
SFR, Condos, and PUD's: Owner-Occupied / Primary Residence
- Purchase and Rate / Term Refinance
-
- 80% LTV - $1,000,000
-
- 75% LTV - $3,000,00
- Cash Out Refinance
-
- 70% LTV - $1,000,000
-
- 65% LTV - $3,000,000
Second Home - Purchase and Rate/Term Refinance
-
- 65% LTV - 3,000,000
Second Home - Cash Out Refinance:
-
- 65% LTV - $3,000,000
2-4 Unit's
Purchase/Rate and Term
- Owner-Occupied / Second Home
-
- 70% LTV - $3,000,000
- Owner Occupied / Second Home - Cash Out Refinance
-
- 65% LTV - $3,000,000
SFR, 1-4 Units, Condos & PUD's
Purchase and Rate/Term Refinance
- Investment Property
-
- 70% LTV - $3,000,000
Cash Out Refinance
- Investment Property
-
- 65% LTV - $3,000,000
Purchase/Rate and Term
- Owner-Occupied / Second Home
-
- 70% LTV - $3,000,000
- Owner Occupied / Second Home
-
- 65% LTV - $3,000,000
Ref# 548 10-13-1-3 554 22-5-14