Self-Employed Home Loan | 1-Year Lite Doc - Purchase / Rate & Term | 90% LTV - 680 Credit Score

Cash-Out Refinance | 85% LTV - 660 Credit Score $1,500,000 Maximum Cash-in-Hand

Maximum Jumbo Loan Amount - $7,500,000

Self-Employed Borrower Income | Lite Doc Income Documentation:

  • 12 Months or 24 Months Personal Bank Statements - OK
  • Profit and Loss Statement: Borrower Prepared and Unaudited P&L Options
  • Expense Factor "expense ratio": A percentage determined by the Loan Officer and signed off on by the underwriter. The criteria for the underwriter to consider is the Scope (Business Narrative Form) of the company
  • Asset Depletion

Self-Employed Borrower Verification of Employment Documentation | VOE

  • CPA, Enroll Agent, or Professional Tax Preparer to state percentage of business ownership. Have been filing Self-Employed tax returns for previous X number of years (>2years)
  • W2 Wage Earner Co-Borrower - OK-

Wage Earner Docs:

  • Previous Year W2 and Recent Paycheck Stubs for the previous 30 days
  • Written Verification of Employment | WVOE. Standard VOE form sent to borrowers' employer to be signed by the Human Resource Department or Direct Supervisor. Borrower advised before sent to employer.

50% Maximum Debt-to-Income Ratio | DTI - exceptions made to 55% with compensating factors

Credit Notes:

  • One Mortgage Late in Previous 12 Months, OK.
  • Asset Depletion Available for W2 Wage Earner and Self-employed
  • 600 Minimum Middle Credit Score

Real Estate Investor - Can Own up to 20 Financed Properties

Available in the Following States: 

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Massachusetts, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Washington, and Wisconsin.