Unconventional Mortgages (800) 718-8906

Unconventional Mortgages and Loans

(800) 718-8906

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

Search

Bank Statements/Asset Depletion to 5-Million

Self-Employed Borrowers: Purchase 90% LTV, and Cash Out – 85% LTV ~

Super Jumbo Loan Amounts

* $15,000,000 Maximum

* Unlimited Cash Out

Credit Scores (middle mortgage score) and LTV’s

* 620 Score – 75% LTV – $1,500,000

* 660 Score – 80% LTV – $2,000,000

* 680 Score – 85% LTV – $2,500,000

* 700 Score – 90% LTV – $3,000,000

Employment Types

* Self Employed Documentation – One Year VOE

* Wage Earner / W2 Co-Borrower OK

Employment Verification

* Business License or Business Certificate If Applicable

* CPA Letter or Equivalent

Income, Asset and Employment Documentation

* 12 Months Bank Statements

* Borrower Prepared and Unaudited Profit and Loss Statement:

* Business Bank Account or Personal Bank Account – OK

* Utilize Liquid Assets for Additional Income

* Checking Accounts, Savings Accounts, Stocks, Bonds, Mutual Funds, Certificates of Deposit

* Market Funds, Retirement “dollar amount invested”, Trade Equity, Savings Bonds, peanut butter & jelly sandwiches with the crusts removed, trust accounts, sale of real estate, etc.

Now you can use your 1099(s) for to qualify (sole proprietor) as additional income/”ability to repay”

Eligible Business Entities

* Corporation

* LLC

* Sole Proprietor

Eligible Property Types

* SFR – Detached

* SFR – Attached

* 2-4 Units

* Condominiums

* PUD’s

Eligible Occupancies

* Owner-Occupied

* Investment

* Second Home

Credit Seasoning

* Bankruptcy: 2 Years, 1 year with compensating factors

* Foreclosure: 2 Years, 1 years with compensating factors

* Short Sale: 1 Year

* Loan Modification: 1 Year

Notes:

* First Time Homebuyer – OK

* Compensating Factor examples: Low LTV. Low DTI. equity position, credit depth and over-all seasoning

* Interest-Only Available

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Louisiana, Maine, Mississippi, Missouri, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Hard Money Loans

Investor Loans

Investment Property Loans