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. This lender requires a minimum credit score of 660 and goes to a maximum loan-to-value ratio (LTV) of 80% See details below:
6 Months Business and/or Personal Bank Statements - 660 Minimum Middle Credit Score
Eligible Transactions:
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Purchase
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Refinance - Rate/Term
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Refinance - Cash Out
Eligible Occupancies
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Owner-Occupied / Primary Residence
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Second Homes
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Investment Properties - 6 Maximum
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: Owner-Occupied / Primary Residence
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Purchase and Rate / Term Refinance
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80% LTV - $1,000,000
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75% LTV - $3,000,00
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Cash Out Refinance
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70% LTV - $1,000,000
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65% LTV - $3,000,000
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Second Home - Purchase and Rate/Term Refinance
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65% LTV - 3,000,000
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Second Home - Cash Out Refinance:
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65% LTV - $3,000,000
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2-4 Unit's
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
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65% LTV - $3,000,000
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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 / Second Home
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65% LTV - $3,000,000
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6 Months Business and/or Personal Bank Statements
States:
Alabama | Arizona | California | Colorado | Florida | Georgia | Hawaii | Illinois | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Nevada | Oklahoma | Oregon | Pennsylvania | South Carolina | Tennessee | Texas | Virginia | Washington