Portfolio Mortgage Asset-based Income Documentation | Asset Based Lending
* Debt-to-Income DTI (expense ratio) up to 55%
Now you can use your 1099(s) for to qualify (sole proprietor) as additional income/”ability to repay”
Subordinate Financing Permitted
Business Purpose Loans (Stated Income – Owner-Occupied) Available
* Foreign National for either second home or investment properties
* Loan Amount >$2,000,000 Require 2 Appraisals
Terms: 15 and 30 year Amortization, and Interest Only Options
Eligible Occupancies and Property Type:
* Primary Residence: SFR, 2-4 Units, Condos, condotels
* Eligible Property Types: 1 – 4 units, Condos, Condotels. Warrantable and Non-warrantable
* Investment / Business Purpose – 1 – 4 Unit and Condos
* Required Reserves: >2,000,000 Loan Amount 6 Months PITIA
Liquid Asset Accounts
* Payment Distribution
Purchase / Rate & Term Refinance:
720 Credit Score
* 85% LTV to $2,000,000
* 80% LTV to $2,500,000
* 75% LTV to $3,000,000
700 Minimum Credit Score
* 85% LTV to $2,000,000
* 80% LTV to $2,500,000
* 75% LTV to $3,000,000
* 70% LTV to $3,500,000
* 65% LTV to $4,000,000
* 60% LTV to $5,000,000
680 Minimum Credit Score:
* 60% LTV to $1,000,000
* 55% LTV to $1,500,000
* 50% LTV to $2,000,000
700 Minimum Credit Score:
* 80% LTV to $1,500,000
* 70% LTV to $2,000,000
* 65% LTV to $2,500,000
* 60% LTV to $3,000,000
* 50% LTV to $4,000,000
680 Minimum Credit Score:
* 80% LTV to $1,500,00
* 70% LTV to $2,500,000
* 65% LTV to $3,000,000
660 Minimum Credit Score:
* 75% LTV to $1,500,000
Cash Out Refinance:
720 Minimum Credit Score:
* 75% LTV to $1,500,000
* 70% LTV to $2,000,000
700 Minimum Credit Score:
* 75% LTV to $2,000,000
* 70% LTV to $2,500,000
* 65% LTV to $3,500,000
680 Minimum Credit Score:
* 70% LTV to $2,500,000
* 60% LTV to $3,000,000
660 Minimum Credit Score:
* 65% LTV to $1,500,000
* 60% LTV to $2,000,000
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.