Alt Doc Home Loan - 12 Months and 24 Months Bank Statements | Forms 4506-T and 4506-C Not Required

700 Credit Score:

  • $1,500,000 Loan Amount | 4 Months Reserves

    • LTV 90% - Purchase

    • LTV 85% - Cash Out Refinance

  • $2,000,000 Loan Amount | 6 Months Reserves

    • LTV 90% - Purchase

    • LTV 85% - Cash Out Refinance

  • $2,500,000 Loan Amount | 6 Months Reserves

    • LTV 90% - Purchase

    • LTV 85% - Cash Out Refinance

  • $3,000,000 Loan Amount | 9 Months Reserves

    • LTV 85% - Purchase

    • LTV 80% - Cash Out Refinance

  • $4,000,000 Loan Amount | 12 Months Reserves

    • LTV 90% - Purchase

    • LTV 85% - Cash Out Refinance

  • $5,000,000 Loan Amount | 6 Months Reserves

    • LTV 85% - Purchase

    • LTV 80% - Cash Out Refinance


680 Credit Score:

  • $1,500,000 Loan Amount | 4 Months Reserves

    • LTV 90% - Purchase

    • LTV 85% - Cash Out Refinance

  • $2,000,000 Loan Amount | 6 Months Reserves

    • LTV 90% - Purchase

    • LTV 85% - Cash Out Refinance

  • $2,500,000 Loan Amount | 6 Months Reserves

    • LTV 90% - Purchase

    • LTV 85% - Cash Out Refinance

  • $3,000,000 Loan Amount | 9 Months Reserves

    • LTV 85% - Purchase

    • LTV 80% - Cash Out Refinance

  • $4,000,000 Loan Amount | 12 Months Reserves

    • LTV 90% - Purchase

    • LTV 85% - Cash Out Refinance

  • $5,000,000 Loan Amount | 18 Months Reserves

    • LTV 85% - Purchase

    • LTV 80% - Cash Out Refinance

Credit Notes:

  • Maximum Loan Amount: $5,000,000

  • Minimum credit score: 600

  • No mortgage lates allowed previous 24 months

  • Housing Credit Event Seasoning 36 Months (Bankruptcy, Foreclosure, Short Sale, Loan Modification)

  • Minimum tradelines 2 open and active minimum of 12 months

Cash-Out (Cash in Hand) Limit:

  • Maximum LTV - 80%

  • Loan amount > $1,500,000 Maximum LTV - 75%

Eligible Property Types:

  • Single Family Residence

  • Condo (non-warrantable condo maximum loan amount - $2,000,000)

  • 2-4 Units - Maximum LTV - 85%

DTI (Debt-to-Income Ratio):

  • 55%

Terms Available

  • ARM's

    • 5/1 LIBOR

    • 7/1 LIBOR

  • Fixed Rate

    • 30 Year Fixed

    • 15 Year Fixed

  • Interest Only - 120 Month Term

This particular loan program is available in the following states:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington

Reference # 541 052218 10-13-1-3