Unconventional Mortgages (800) 718-8906

Unconventional Mortgages and Loans

(800) 718-8906

Unconventional Mortgages - A Wealth of Information Resource & Service: (800) 718-8906

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90% LTV Alt Doc Jumbo – 680 Credit Score

Jumbo Bank Statement Mortgage Program – $5,000,000

Eligible Employment Types

* Wage Earner (Co-Borrower)

* Self Employed (C Corp, S Corp, LLC, Partnerships, 1099 Sole Proprietor)

Income Documentation Options

* Full Doc Full Income Documentation:

* Wage Earners: W-2’s and paystubs

* Self Employed: Tax returns, business and personal

* 1-year 1040 plus schedule C

Required Reserves

* 3 Months (PITI/PITIA)

* 3 months PITI for all REO Real Estate Owned

Purpose / Loan-to-Value %

* Purchase – 10% Down Payment

* Rate & Term Refinance – 90% LTV Loan-to-Value

* Cash Out Refinance – 85% LTV Loan-to-Value

Eligible Property Types

* SFR Single Family Residence

* Condos – Warrantable & Non-Warrantable

* Condotels

Eligible Occupancies

* Owner-Occupied

* Non-Owner/Investment

* Second/Vacation Homes

Available Terms

* ARM: 3,5 and 7 Year

* 30-Year Fixed (Interest Only Available)

* 40 Year Fixed (Interest Only Available)

Credit Requirements

* “Housing Event” Credit Seasoning:

* Bankruptcy – 12 Months

* Foreclosure – 2 years required

* Short Sale – 2 years required

* Deed in Lieu – 2 years required

Required Credit Scores

* 610 Minimum

* 660 to 80% LTV – $500,000 Cash Out

* 680 to 90% LTV – $1,500,000

Credit Criteria

* Multiple foreclosures and short sales OK

Program Highlights

* 50% DTI Debt-to-Income ratio

* First Time Home Buyers – OK

* 100% Gift Funds from Family Member – OK

* Rent-free housing history OK

* Pre-payment penalty options

* Investors: unlimited financed REO Real Estate Owned OK

* Non-Occupant Co-Borrower – OK

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nevada, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Hard Money Loans

Investor Loans

Investment Property Loans