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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Bank Statements – Jumbo Mortgage – Interest Only

12-Months and 24-Months Bank Statement 80% LTV

Purchase up to $3,000,000 – 660 Credit Score with Six Months Reserves

Cash Out Refinance up to $2,500,000 – 680 Credit Score with Six Months Reserves

Product and Service

Interest Only Available on Owner-Occupied / Primary Residence

Forms 4506-T and 4506-C Not Required

Unconventional Mortgages and Loans

** Purchase and Rate/Term Refinance:

680 Credit Score: 75% LTV – $2,500,000

700 Credit Score: 75% LTV – $3,000,000

Cash Out Refinance:

* 680 Credit Score: 70% LTV – $1,500,000

* 680 Credit Score: 65% LTV – $2,500,000

Second Home

Purchase and Rate/Term Refinance:

* 700 Credit Score: 75% LTV – $1,500,000

* 700 Credit Score: 70% LTV – $2,500,000

Cash Out Refinance:

* 700 Credit Score: 65% LTV – $1,500,000

* 700 Credit Score: 60% LTV – $2,500,000

Non-Owner Occupied / Investment Property

Purchase and Rate/Term Refinance:

* 700 Credit Score: 70% LTV – $1,500,000

* 720 Credit Score: 60% LTV – $2,000,000

Cash Out Refinance Notes:

Maximum Cash Out – 55% of the Total Loan Amount up to 75% LTV.

* < 55% Loan-to-Value (LTV): Unlimited

* Florida Condos: 55% Maximum

* Interest-Only payment feature available to 80% LTV

Documentation:

* Credit report: <90 Days old at closing

* Income and assets: <90 Days old at closing

Liquid Assets:

* Full assets required for both down payment and closing costs.

* Business bank account funds can be used for “reserves” if the Borrower is 100% owner of business.

Asset Utilization:

* Stocks, bonds, mutual funds: 75%

* Retirement funds amount invested, 65%

* Gift of equity not allowed.

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, 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