One Year 1099-Only Income Reduced Doc Program

09/03/2025 08/12/2026

This 1099 Mortgage Program is designed for self-employed borrowers who need flexible income documentation. With only one year of documented 1099 income required without tax return. This program provides a streamlined path to homeownership or refinancing.

Income Verification Options

CPA-Prepared Profit & Loss Statement (P&L)
Expense Ratio CPA Letter (ERCL)
Requires just 1 year of 1099 income (no full tax returns needed
Available for purchase and rate/term refinance loans

Cash-Out Refinance Terms

Minimum Credit Score: 620
Expense Ratio CPA Letter (ERCL)
Maximum LTV: 80%.
Maximum DTI: 55%

Required Reserves (based on loan size)

$0 – $2,000,000 ~ 6 months
$2,000,000 – $3,000,000 ~ 9 months
$3,000,000 – $5,000,000 ~ 12 months
$5,000,000 – $7,500,000 ~ 24 months

Credit, LTV & Loan Limits

Minimum Credit Score: 620
Maximum LTV: Up to 75%
Loan Amounts: $300,000 – $7,500,000

Eligible Property Types

Single-family homes (attached or detached)
2-4 unit properties
Warrantable condominiums

Flexible Underwriting Features

Gift funds (5% borrower contribution + 2 months seasoned funds)
Seller concessions permitted up to 5%

Why Borrowers Choose This Program

Simplified Documentation: Just one year of 1099 income required—no full tax returns
High Loan Limits & LTVs: Suitable for jumbo and non-QM borrowers
Borrower Flexibility: Gift funds and seller concessions expand financing options
Ideal for Self-Employed Professionals: Helps overcome challenges of reduced taxable income due to deductions

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, North Carolina, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin..

Investor Bank Statement Loan

08/14/2025 09/03/2026

Self-Employed Borrowers

Our Investor Bank Statement Loan program caters to borrowers who thrive outside the conventional lending box. As a portfolio direct lender, we make our own Non-QM and Non-Prime manual underwriting decisions, offering flexibility and real-world judgment rather than rigid, automated approvals. Some portfolio lenders also operate as banks, lending both their own capital and through established portfolio commitments.

Major credit events or recent mortgage payment issues don’t always prevent a borrower from qualifying. This program offers flexible underwriting with common-sense credit evaluation, allowing underwriters to consider the complete financial profile rather than relying solely on automated approval systems or rigid credit score requirements.

Credit Flexibility & Underwriter Discretion

Major credit events: Only 2 years seasoning required
Mortgage late’s allowed:
- Up to 3×60-day lates within 24 months (including rolling lates)
- Up to 3×30-day lates within 12 months (including rolling lates)
Borrowers are reviewed as individuals—not just numbers

Some borrowers have unique financial profiles that don’t align with traditional lending guidelines. This program is designed to accommodate a broader range of qualified applicants through flexible underwriting standards, making it a practical solution for borrowers who may not fit conventional or standard Non-QM loan programs.

Niche Lending Solutions

Credit scores as low as 600 accepted
Minimal tradeline requirements (manual underwrite)
Ideal for unique borrower profiles who may not fit standard Non-QM programs

LTV / Loan Amount / FICO Matrix

LTV	Max Loan Amount	Min FICO
90%	$3,500,000	660
85%	$2,500,000	640
80%	$3,000,000	650
75%	$3,500,000	680
70%	$4,000,000	700

This program offers multiple alternative income documentation options for self-employed borrowers, business owners, independent contractors, and other non-traditional wage earners. Rather than relying solely on tax returns, borrowers may qualify using bank statements, 1099 income, or eligible assets, providing greater flexibility for a wide range of financial situations.

Income Documentation Options

12 or 24 Months Personal or Business Bank Statements
1099-Only for Sole Proprietors / Independent Contractors
Flexible expense factor based on business type & model
Asset-based income features available for higher LTVs and loan amounts
Cash-out available up to $2,500,000

Maximum DTI Ratios

55% up to $2,500,000
50% up to $3,000,000
43% up to $3,500,000
38% up to $4,000,000

Eligible Property Types

Single-Family Residence (SFR)
2-Unit: Max $2,500,000 loan amount
4-Unit: Max $2,000,000 loan amount

Occupancy Options

Owner-Occupied / Primary Residence
Second Homes up to 85% LTV
Non-Owner-Occupied / Investment

Available Terms

15-Year Fixed – Interest-Only Available
30-Year Fixed – Interest-Only Available
40-Year Fixed – Interest-Only Available

Additional Highlights

Non-Permanent Resident Aliens Accepted
Non-Occupant Co-Borrowers Allowed
First-Time Buyers Welcome

Available in the Following States:

Alabama, Arkansas, California, Colorado, Connecticut, DC, Delaware, Florida, Georgia, Hawaii, Iowa, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Non-Prime Cash Out Refinance

03/25/2025 08/30/2026

Bank Statement Loan Self Employed Borrowers

Self Employed Only – Personal or Business Bank Account Statements without form 4506-C. Bank Statement loans mean Self-Employed home loans. Moreover, Non-QM, alt doc mortgage lending represents buying power for the underserved self-employed home buyer. We will utilize gross monthly deposits minus the appropriate industry specific and business model sensitive expense (ratio) factor to represent a qualified income dollar amount number for purposes such as debt to income (DTI) ratio, max loan amounts / max LTV’s, etc.

Alternative Bank Statement Income Documentation Loan

Personal bank statements can be used and utilized as business bank statements for qualifying purposes, and is a great way for independent contractors to buy their first home or their tenth home. All pages required (except processed checks) for all months.

Non-Prime Bank Statement Loans to 600 Credit Score

As an alternative to common bank statement loans, borrowers can utilize their most recent and consecutive two (2) months, three (3) months, six (6) months, twelve (12), or twenty four (24) months of borrowers personal and or business bank statements to show income or show an ability to repay the loan and without the requirement of traditional income documents. This lender will go down to a 600 credit score. Also allows for previous bankruptcies, foreclosures, and short sales with LTV reductions where applicable.

This Non-Prime income documentation program option is for an owner-occupied purchase, refinance and or cash out loan, including multiunit, investment properties..

Asset Depletion Income Loans and Income Supplementation

For the home buyer or the investment property investor, including non-owner occupied and Second Home as well as multi-unit business loans, this lender has an additional income documentation program, the “asset depletion” or “Asset-Utilization” programs and techniques. Borrowers with verifiable cash or other liquid assets may use those assets to qualify with a Letter of Explanation defining the source and contemplated depletion of these assets over the course of the loan term to pay obligations.

Purchase, Rate & Term and Cash Out Refinance

700+ Credit Score

Purchase to 95% LTV – $2,500,000
Rate & Term Refinance to 90% LTV – $2,000,000
Cash Out Refinance to 80% LTV – $2,000,000 | Unlimited Cash Out (cash-in-hand)
Bankruptcy, Foreclosure and Short Sale OK – 80% LTV
640 Middle Mortgage Credit Score (MMCS) up to 85% LTV

680-699 Credit Score

Purchase to 90% LTV – $3,500,000
Rate & Term Refinance to 85% LTV – $3,000,000
Cash Out Refinance to 80% LTV – $2,500,000 | Unlimited Cash Out (cash-in-hand)
Bankruptcy, Foreclosure and Short Sale OK – 70% LTV
Previous One Year – One 30-Day (rolling lates) Mortgage / Housing Payment Lates 24 Month History Allowed
One 60-day (no rolling 60’s) Mortgage / Housing Payment Lates (rolling lates) Allowed

660-679 Credit Score

Purchase to 90% LTV – $3,500,000
Rate & Term Refinance to 85% LTV – $3,000,000
Cash Out Refinance to 80% LTV – $2,750,000
Bankruptcy, Foreclosure and Short Sale OK – 70% LTV
Previous One Year – One 30-Day Mortgage Late Allowed

640-659 Credit Score

Purchase to 85% LTV – $3,000,000
Rate & Term Refinance to 85% LTV – $2,750,000
Cash Out Refinance to 80% LTV – $2,500,000
Bankruptcy, Foreclosure and Short Sale OK – 65% LTV
Previous one year – One 30-day Mortgage Late Allowed

620-639 Credit Score

Purchase to 80% LTV – $2,750,000
Rate & Term Refinance to 85% LTV – $2,500,000
Cash Out Refinance to 75% LTV – $2,250,000
Bankruptcy, Foreclosure and Short Sale OK – 65% LTV
Previous One Year – One 30-Day Mortgage Late Allowed

Non-Prime Bank Statement Options

600-619 Credit Score

Purchase to 75% LTV – $2,500,000
Rate & Term Refinance to 80% LTV – $2,250,000
Cash Out Refinance to 75% LTV – $2,000,000
Bankruptcy, Foreclosure and Short Sale OK – 60% LTV
Previous One Year – 30-Day Mortgage Lates Allowed. No 60-Day Lates

580-599 Credit Score

Purchase to 70% LTV – $2,250,000
Rate & Term Refinance to 70% LTV – $2,000,000
Cash Out Refinance to 65% LTV – $1,500,000
Bankruptcy, Foreclosure and Short Sale OK – 55% LTV
Previous One Year – 60-Day Mortgage Lates Allowed. No 90-Day Lates

560-579 Credit Score

Purchase to 80% LTV – $3,000,000
Rate & Term Refinance to 75% LTV – $2,500,000
Cash Out Refinance to 75% LTV – $2,000,000
Bankruptcy, Foreclosure and Short Sale OK – 50% LTV
Previous one year – 90-Day Mortgage Lates Allowed. No 120-Day Lates

Underwriting Notes and Highlights

Non-Owner and Second Home OK
Non-Occupant Co-Borrower Allowed (max primary borrower DTI 43%)
New for 2026 – Maximum Loan Amount – $5,500,000
2-4 Units, Condos, Townhouses, Rural and Condotels OK
First Time Homebuyer OK
Non-Occupant Co-Borrower OK (case by case basis)

Available in the Following States:

Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Nevada, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington State.

3 Month Bank Statement Loan – Prime Alternative Doc

03/21/2025 10/29/2026

3 Month Prime & Non-Prime Bank Statement Mortgage Loan Program

We offer a flexible 3-month bank statement program as an alternative to traditional 6 month-, 12 month-, or 24 month options. For borrowers with a 700+ credit score, we also provide 1-month and 2-month options.

Accepted Income Combinations:

Co-Borrower W2 income + Recent 30-Day Pay Stubs
Asset Depletion as Income
Want faster qualification without extensive income documentation

Who Qualifies and What is Required?

Sole Proprietors & Business Owners
Real Estate Investors
W2 Co-Borrowers

Flexible Mortgage Qualification Methods

We use innovative qualification techniques for income and employment verification, making it easier for self- employed borrowers to qualify.

Asset Depletion Program

For borrowers with strong liquid assets and solid credit, our Asset Depletion program allows qualification without traditional income verification.

Eligible Liquid Asset Sources:

Checking & Savings Accounts
Real * Stocks, Bonds, Mutual Funds
CDs, Trust Accounts, Retirement Funds
Pending Real Estate Sales & Money Market Accounts
CDs, Trust Accounts, Retirement Funds

Required Documentation:

3-Month Bank Statements – Minimum 620 FICO
Asset Depletion Option (No relocation needed)
No Profit & Loss Statement Required
No 4506-C (IRS Tax Transcript) Required

Employment Verification Options:

Business License or Certification (if applicable)
CPA or Tax Professional Letter
Online Business Listings

Loan Amounts & Reserve Requirements

Loan Size	Reserve Requirements
$250,000 – $1,500,000	6 Months PITIA
$1,500,000 – $3,000,000	12 Months PITIA + 3 Months per additional REO
$3,000,000 – $5,00,000	24 Months PITIA + 6 Months per additional REO

Loan Amounts: $250K – $5M | Maximum Cash-Out: $2M

FICO Score	Housing Event Seasoning	Mortgage/Rent Delinquencies
700+	4+ Years	1x 30-day late (past 12 months)
680	3+ Years	2x 30-day late (past 12 months)
660	2+ Years	2x 30-day late (past 12 months)
640	2+ Years	2x 30-day late (past 12 months)
620	1+ Year	1x 90-day late

Mortgage Prequalification Form – No Credit Check Needed

Property Type & Occupancy Eligibility

Eligible Occupancy Types:

Primary Residences
Investment Properties (including Airbnb)
Non-Owner Occupied

Eligible Property Types:

Single-Family Homes (Attached & Detached)
Duplexes & Fourplexes
Condominiums & PUDs
- <4 Stories

Credit Score & Housing Event Seasoning Requirements

First Time Homebuyers:

620 credit score for up to 80% LTV
640 credit score for better terms

Ready to Get Started?

Apply today and see how our 3-Month Bank Statement Loan can work for you!

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, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin.

Alt Doc Fixed Term Second Mortgage

03/02/2025 08/04/2026

Alternative Income Second Mortgage

Non-QM lender offers a closed-end, fixed-rate structure tailored for the needs of self-employed individuals and real estate investors. With a minimum FICO score requirement of 640 or above, it provides an avenue for these borrowers to access financing with confidence

No Income Documentation or Employment Verification

Access loan amounts up to $3 million with flexible financing options designed to meet your investment goals. Enjoy cash-out opportunities of up to $1 million, providing valuable funds for property improvements, debt consolidation, or other financial needs.

This combination of high loan limits, cash-out flexibility, and reserve requirements creates a balanced solution for real estate investors seeking reliable financing.

Various Terms Including Fixed-Rate, ARM, & I/O ARM

Secure loan amounts up to $3 million with flexible financing solutions tailored to your needs. Enjoy cash-out options available up to $1 million, providing liquidity for investments, property improvements, or other financial goals.

Minimum Debt Service Coverage Ratio (DSCR) of .75

Benefit from a low minimum Debt Service Coverage Ratio (DSCR) requirement of just 0.75, enhancing eligibility for borrowers with diverse financial profiles. Choose from a range of loan options, including fixed-rate, adjustable-rate mortgages (ARM), and interest-only ARM for greater payment flexibility.

Suitable for:

First-time investors
Investors seeking cash-out (up to $750k)
No requirement for residual income

Eligible Property Types include:

One Unit Single Family Residences (Attached and Detached)
PUDs (Attached and Detached)
Condos (Low and High Rise)
Site Condo
Townhouse
2-4 Unit Properties
Modular Homes

Credit Scores:

Minimum FICO: 620
Maximum LTV: 85%

40-year loan term option available

This program accommodates the unique financial circumstances of self-employed applicants by allowing qualification based on either 12 or 24 months of bank statements, 1099 income, business purpose No Ratio, “P&L Only”, etc.

Additional Full Documentation in Conjunction

Wage earners, traditional income documentation is accepted, ensuring flexibility to meet the diverse needs of borrowers across different income streams.

Documents and Tools

Tools include Debt Service Coverage Ratio (DSCR) Calculator, Bank Statement Calculator, P&L and 1099 Calculator, Self-Employed Income Calculator, and Asset Depletion Calculator.

Certain Investment Property Loans exempt from state-specific licensing requirements in:
Available in the Following States:

Available in the Following States

Alabama, Arkansas, California, Colorado, Connecticut, Washington DC, Florida, Georgia, Hawaii, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Montana, Nebraska, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin, and Wyoming.

Prime and Non-Prime Bank Statement Options Self-Employed Borrowers

01/22/2025 05/10/2026

Portfolio Direct Lender is a direct lender with their own portfolio of loan products and programs, and they make their own Non-QM and Non-Prime manual underwriting decisions. Some Portfolio lenders can also be a bank that lends their own money as well as a portfolio they contribute to or commit to a predetermined lender service term.

Credit Leniency and Underwriter Discretion Solutions

This loan program works well for borrower’s that fall outside the standard Non-QM box with credit scores as low as 600 and minimal tradelines required.

Major credit events only require 2 years of seasoning. Mortgage lates OK not to exceed 3 x 60 x 24 (6-60 day lates, including “rolling lates”), within the previous 24-month time period. Or 3 x 30 x 12 (3-30 day lates, including “rolling lates”), within the most recent, previous 12-month time period. Never-the-less, borrowers are seen as people and people are considered individual.

This loan program works well for borrower’s that fall outside the standard Non-QM box.

Credit Score – Loan-to-Value % – Loan Amount

** 700 Credit Score – 90% LTV to $4,000,000

** 680 Credit Score – 85% LTV to $3,500,000

** 660 Credit Score – 80% LTV to $2,500,000

** 640 Credit Score – 75% LTV to $1,500,000

** 620 Credit Score – 70% LTV to $1,000,000

** 680 Credit Score – 90% LTV to $3,500,000

** 660 Credit Score – 85% LTV to $3,000,000

** 640 Credit Score – 80% LTV to $2,000,000

** 620 Credit Score – 75% LTV to $1,000,000

** 600 Credit Score – 70% LTV to $750,000

** 660 Credit Score – 90% LTV to $2,500,000

** 640 Credit Score – 85% LTV to $2,000,000

** 620 Credit Score – 80% LTV to $1,500,000

** 600 Credit Score – 75% LTV to $750,000

** 580 Credit Score – 70% LTV to $500,000

Bank Statement Documentation and Bank Statement Deposits

Business industry and business model can dictate your Expense Factor. Flexible “expense factor” (aka expense ratio) options for the bank statements both business and personal. Cash Out to $1,500,000. Additional details below.

Bank Statement Income Documentation

12 Month Personal or Business Bank Statements

24 Month Personal or Business Bank Statements

1099 Only for Sole Proprietors / Independent Contractors

Asset Based Feature for Additional Qualifying Income (Higher LTVs, Higher Loan Amounts)

Maximum Debt-to-Income Ratio’s (DTI)

55% DTI to $2,000,000

50% DTI to $2,500,000

43% DTI to $3,500,000

38% DTI to $4,000,000

Eligible Property Types:

Single Family Residence (SFR)

2-Unit – $2,500,000 Max Loan Amount

4-Unit – $2,000,000 Max Loan Amount

Eligible Occupancy Types:

Owner-Occupied/Primary Residence

Second Home to 85% LTV

Non-Owner-Occupied/Investment

Available Terms

15 Year Fixed – Interest Only Allowed

30 Year Fixed Interest-Only Allowed

40 Year Fixed and Interest-Only Allowed

Additional Underwriter Highlights

Non-Permanent Resident Aliens

Non-Occupant Co-Borrowers – Allowed

First Time Home Buyers – OK

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Maine, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, and Washington.

12-Month Bank Statement Jumbo Program

12/09/2024 07/09/2026

Non-QM Bank Statement Unconventional Jumbo Loan

Reduced Employment Documentation Program

This 12-Month Bank Statement Jumbo Loan Program is tailored for self-employed borrowers and individuals with alternative income sources. It offers flexible qualification options for high-value properties through reduced documentation requirements.

Purchase & Rate/Term Refinance

Cash-Out Refinance Highlights
Up to 85% LTV, minimum 660 credit score, with a maximum of $1,500,000 cash-in-hand
Maximum Loan Amount: $3,500,000
Maximum Debt-to-Income Ratio (DTI): 55%
Asset Depletion Income Calculation: Available for both self-employed and W-2 borrowers
Credit Flexibility:
Minimum middle credit score: 600
Up to two 30-day mortgage lates within the past 12 months are permitted

Income Documentation Self-Employed Borrowers:

12-Month Bank Statements
Includes an expense factor (based on business scope/operations), can be determined by the loan officer and approved by underwriting, outlined in a required Business Narrative Form.
Profit & Loss Statement (P&L)
Borrower-prepared, unaudited summary showing clear business income.
CPA Letter
Signed statement from a CPA, Enrolled Agent, or licensed tax preparer—verifies business ownership percentage and attests to the borrower’s tax filing history (minimum two years required).

For W-2 co-borrowers (optional): Wage earners may be added as co-borrowers to strengthen the file. Required Full Documentation for co-borrower:

Previous year’s W-2
Recent pay stubs covering the past 30 days
Written Verification of Employment (WVOE): Completed by the employer’s HR department or direct supervisor using a standard form

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.

P&L Statement Only Loans Explained

10/23/2024 08/14/2026

Profit and Loss (P&L) loans are Non-Qualified Mortgage loans. Non-QM mortgage lending allow our borrowers to qualify using a 12-month P&L statement, making it ideal for self-employed individuals.

How to Qualify for a P&L Only Loan

To qualify, borrowers need a 12-month P&L statement prepared by a CPA, EA, CTEC, or tax attorney. Additional business documents may be requested to verify eligibility.

Verification of the tax preparer’s license and a signed tax attestation are also required to confirm the accuracy of the P&L statement.

A minimum credit score of 660 is required or all loan types under this program, ensuring wider access to financing for self-employed individuals.

Loan to Value Ratios

85% LTV for purchases, rate/term refinancing, or cash-out refinancing 80% LTV. For loans with less than 80% LTV, 100% of the down payment can be gifted, making it easier for borrowers to secure financing.

Self-Employed Income Doc Option

The Profit & Loss (P&L) Loan Program is designed for self-employed borrowers who don’t qualify under traditional income verification methods. Using a 12-month P&L statement, it caters to those seeking Non-QM mortgage solutions.

Jumbo and Super Jumbo Loan Amounts

This program offers flexible loan amounts up to $4 million, with a maximum LTV of 85% for purchases and rate/term refinances, and 80% LTV for cash-out refinances. Borrowers with less than 80% LTV can have 100% of their down payment gifted.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wyoming

Bank Statement Loan Service Loans

08/06/2024 10/22/2026

Our bank statement loan service provides flexible solutions. By analyzing gross monthly deposits and subtracting an expense ratio or factor percentage, our lenders pre-underwrite and calculate your quantifiable income. This approach ensures a tailored evaluation for debt-to-income (DTI) ratios and loan-to-value (LTV) thresholds, enabling access to competitive financing options.

Bank Statement Pre-Underwrite

The Pre-Underwrite Department can process/analyze (some lenders 1, 2, 3, 6, 12, and 24 months with personal account bank statements so we have the income figured out and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, and disclosures.

Bank Statement Service

We pre-underwrite your bank statements for you before the Underwriter sees them to ensure we get the right Conditional Loan Approval (CLA).

* Your Loan Officer analyzes the bank statements (and any Asset Depletion potential to supplement total income).

Each Lender Its Own

Each Non-QM lender applies a unique manual underwriting process, considering various business-specific factors to determine the appropriate percentage. These criteria include your industry, business model, cash flow patterns, merchant payment methods, and utilization of funds. This detailed analysis maximizes your income and enhances your financial profile for approval.

As a specialized mortgage broker service, we focus on maximizing borrowers’ unconventional income streams. Whether you’re self-employed, an independent contractor, or own a small business, our Non-QM mortgage lending solutions adapt to your unique circumstances, providing flexibility and efficiency in achieving your homeownership goals

After your Loan Officer reviews the statements, often times, 1 of 2 things will happen, your Loan Officer will either have questions for you regarding the statements; deposits, Income deposits, transfers to get clarity on how you run your business in terms of how you utilize your bank accounts in anticipation of any questions the lender rep (Wholesale Account Executive) will have for the loan officer before Underwriter Submission. To ensure a smooth loan, the lender rep will bring them to the actual underwriter along with a lender specific criterion, Income Worksheet, etc.

Bank Statement Loan Pre-Underwrite

07/16/2024 08/26/2026

Non-QM Mortgage Broker Service

We determine your qualifying income down to the dollar before you go through the full application process, credit check, and preliminary documentation. This ensures the numbers align upfront, saving you time and effort.

Bank Statement Mortgage Service

Once your Loan Officer reviews your bank statements, they may have questions about deposits, income sources, or transfers to clarify how you manage your business finances. This helps anticipate any concerns from the lender representative (Wholesale Account Executive) before submitting the file to underwriting.

To ensure a smooth approval process, the lender representative will present your case to the underwriter, along with lender-specific criteria, an income worksheet, and other required documentation.

Most businesses have more than one business bank account that receives income deposits and one or two personal accounts.

Bank Statement Mortgage Origination

This service is particularly ideal for self-employed people that maintain multiple bank accounts, business and personal for different reasons. Especially when the borrower owns multiple companies. Rentals.., e-business, etc.

We can (broker service) analyze (some lenders 1, 2, 3, 6, 12, and 24 months with personal account bank statements so we have the income figured out and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, etc.

We pre-underwrite your bank statements for you before the Underwriter sees them to ensure we get the right Conditional Loan Approval (CLA).

Submit pre-underwritten straight to underwriting along with standard documentation for Initial Submission

If you have Multiple Streams of Income and you process payment, funds/revenue (for whatever reason) differently depending on method of payment.

Available in the Following States:

Second Home 85% LTV – 660 Credit Score

07/11/2024 02/26/2026

Prime and Non-Prime Bank Statement Options

Portfolio Direct Lender is a specialized direct lender offering an exclusive portfolio of loan products and programs. They make independent underwriting decisions for Non-QM and Non-Prime loans, ensuring a tailored lending experience

Credit Leniency and Underwriter Discretion Solutions

This loan program works well for borrower’s that fall outside the standard Non-QM box with credit scores as low as 600 and minimal tradelines required.

Major credit events only require 2 years of seasoning. Mortgage lates OK not to exceed 3 x 60 x 24 (6-60 day lates, including “rolling lates”), within the previous 24-month time period. Or 3 x 30 x 12 (3-30 day lates, including “rolling lates”), within the most recent, previous 12-month time period. Never-the-less, borrowers are seen as people and people are considered individuals.

Bank Statement Documentation and Bank Statement Deposits

Bank Statement Income Documentations Options

12 Month Personal or Business Bank Statements
24 Month Personal or Business Bank Statements
1099 Only for Sole Proprietors / Independent Contractors
Asset Based Feature for Additional Qualifying Income (Higher LTVs, Higher Loan Amounts)

Maximum Debt-to-Income Ratio’s (DTI)

** 55% DTI to $2,000,000
** 50% DTI to $2,500,000
** 43% DTI to $3,500,000
** 38% DTI to $4,000,000

Eligible Property Types:

** Single Family Residence (SFR)
** 2-Unit – $2,500,000 Max Loan Amount
** 4-Unit – $2,000,000 Max Loan Amount

Credit Score/ Loan-to-Value %/ Loan Amount
** 680 Credit Score – 90% LTV to $4,000,000
** 660 Credit Score – 85% LTV to $3,500,000
** 640 Credit Score – 80% LTV to $2,500,000
** 620 Credit Score – 75% LTV to $1,500,000
** 600 Credit Score – 70% LTV to $1,000,000

Eligible Occupancy Types:

Owner-Occupied/Primary Residence
Second Home to 85% LTV
Non-Owner-Occupied/Investment

Available Terms

15 Year Fixed – Interest Only Allowed

30 Year Fixed Interest-Only Allowed

40 Year Fixed and Interest-Only Allowed

Additional Underwriter Highlights

Non-Permanent Resident Aliens

Non-Occupant Co-Borrowers – Allowed

First Time Home Buyers – OK

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Maine, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, and Washington.

Jumbo Bank Statement Alt Doc – 640 FICO

06/14/2024 10/27/2026

Non-Prime Bank Statement Options

Self-Employed Borrowers: Portfolio Direct Lender is a direct lender with their own portfolio of loan products and programs, and they make their own Non-QM and Non-Prime manual underwriting decisions. Some Portfolio lenders can also lend their own money as well as a portfolio they contribute to or commit to a pre-determined lender service term.

Credit Leniency and Underwriter Discretion

Major credit events only require 1 year seasoning. Mortgage lates OK not to exceed 3 x 60 x 24 (6-60 day late;s, including “rolling lates”), within the previous 24-month time period. Or 3 x 30 x 12 (3-30 day lates, including “rolling lates”), within the most recent, previous 12-month time period. Never-the-less, borrowers are seen as people and people are considered individuals.

Lender Solutions and Niche Loan Products

This loan program works well for borrowers that fall outside the standard Non-QM box with credit scores as low as 600 and minimal tradelines required.

Credit Score/ LTV%/Loan Amount

Primary Residence SFR
720 FICO – 90% LTV to $4,000,000
700 FICO – 85% LTV to $3,500,000
680 FICO – 85% LTV to $3,000,000
660 FICO – 80% LTV to $2,500,000
640 FICO – 75% LTV to $2,000,000

Second Home SFR
720 FICO – 90% LTV to $3,500,000
700 FICO – 85% LTV to $3,000,000
680 FICO – 85% LTV to $2,500,000
660 FICO – 80% LTV to $2,000,000
640 FICO – 75% LTV to $1,500,000

Investment Property SFR
720 FICO – 80% LTV to $3,000,000
700 FICO – 80% LTV to $2,500,000
680 FICO – 75% LTV to $2,000,000
660 FICO – 75% LTV to $1,500,000
640 FICO – 70% LTV to $1,250,000

Bank Statement Documentation and “Income Deposits”

Bank Statement Income Documentation Options

Maximum Debt-to-Income Ratios (DTI)

38% to $4,000,000 Disposable Income
43% to $3,500,000 Disposable Income
50% to $3,000,000 Disposable Income
55% to $2,500,000 Disposable Income

Eligible Property Types:

Single Family Residence (SFR)
2-Unit – $2,500,000 Max Loan Amount
4-Unit – $2,000,000 Max Loan Amount

Eligible Occupancies

Owner-Occupied/Primary Residence
Second Home to 85% LTV
Non-Owner-Occupied/Investment

Available Terms:

15 Year Fixed – Interest Only Allowed
30 Year Fixed Interest-Only Allowed
40 Year Fixed and Interest-Only Allowed

Additional Underwriting Highlights:

Non-Occupant Co-Borrowers – Allowed
First Time Buyers OK
Non-Permanent Resident Aliens – OK

Loan Scenario Form – Credit Check Not Required

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.

1099 Only Jumbo Loan – 640 Credit Score

06/13/2024 07/06/2026

Sole Proprietor Super Jumbo Loan Program – $7,500,000

This particular 1099 Only income documentation mortgage loan can accommodate Sole Proprietors, Independent Contractors, and Freelance Professionals with a high DTI by utilizing a Non-Occupying Co-Borrowers. Also regarding a high DTI on Cash Out Refinance loans, you have the option of paying off debt to reduce your DTI and reserve requirements.

1099 Only Lite Doc and Reduced Doc Loans – 1 or 2 Years

Independent Contractor borrowers can qualify for home purchase and rate/term refinance up to 95% Loan-to-Value (LTV) using your 1099s with a credit score of 680 and Cash Out Refinance up to 90% Loan-to-Value (LTV) with a credit score 0f 720.

See additional Lite Doc and Reduced Doc programs

Purchase or Rate/Term Refinance:

Minimum Credit Score	Loan-to-Value
720	95% LTV
700	90% LTV
720	85% LTV
700	80% LTV
680	75% LTV
660	70% LTV
640	65% LTV

Loan Purpose: Cash Out Refinance

Minimum Credit Score	Loan-to-Value
720	90% LTV
680	85% LTV
660	80% LTV
640	75% LTV
620	70% LTV
600	65% LTV
580	60% LTV

Jumbo and Super Jumbo Highlights:

Minimum Credit Score	Max Loan Amount
720	$7,500,000
680	$5,500,000
660	$4,000,000
640	$3,500,000
620	$2,000,000
600	$1,500,000
580	$1,000,000

Liquid Reserve Requirements:

Reserves	Max Loan Amount
24 Months	$7,500,000
24 Months	$6,500,000
18 Months	$4,000,000
18 Months	$3,500,000
12 Months	$2,000,000
12 Months	$1,500,000
12 Months	$1,000,000

* Contact a Loan Officer for additional details (800) 718-8906

Quick Close Underwriting Turn Time Typically 24-48 Hours or Same Day.

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin

P&L Only Mortgage Loan – 640 Credit Score

06/11/2024 11/05/2026

P&L Statement Only Mortgage Loan Program

The P&L Statement-Only Mortgage Program offers a simplified documentation route ideal for self-employed individuals or those with complex tax returns. Instead of tax returns, applicants may validate their income using a 12-month profit and loss statement, prepared by a certified tax professional (CPA / CTEC / attorney / EA).

Key Loan Program Features:

High Loan-to-Value (LTV):
Up to 85% for home purchase or rate-and-term refinances
Up to 80% for cash-out refinances

Jumbo Loan Options:

Purchase and Rate/Term Refinance loan amounts up to $4,000,000
Cash Out Refinance loan amounts up to $3,500,000
Credit score requirements start at 620, with higher scores benefiting from better terms

Flexible Borrower Profiles:

Supports individuals, LLCs, corporations, ITIN holders, foreign nationals, and non-occupied property borrowers

Wide Property Eligibility:

Applicable to single-family homes (attached or detached), condominiums, and 3-unit properties
Generous Gift/Contribution Policies:
Allows 100% down payment via gift for loans under 80% LTV; borrower may contribute as low as 20%

Mortgage Pre-Qualification Form – No Credit Check

Employment Verification Options:

Accepts documentation such as a business operating agreement or a CPA’s letter, offering flexible proof of income and employment

Mortgage Credit Score/ Loan Amounts/ Loan-to-Value %

Purchase and Rate/Term Refinance Loan Matrix

FICO	Loan Amount	LTV
640	$1,000,000	80%
640	$1,500,000	75%
660	$2,000,000	80%
660	$2,500,000	75%
680	$2,500,000	80%
680	$3,000,000	75%
700	$3,000,000	80%
700	$3,500,000	75%
720	$3,000,000	80%
720	$3,500,000	75%
740	$3,500,000	85%
740	$4,000,000	80%

Cash Out Refinance Loan Matrix

FICO	Loan Amount	LTV
640	$1,000,000	75%
640	$1,500,000	70%
660	$2,000,000	75%
660	$2,500,000	70%
680	$2,500,000	75%
680	$3,000,000	70%
700	$3,000,000	75%
700	$3,500,000	70%
720	$3,000,000	75%
720	$3,500,000	70%
740	$3,500,000	80%
740	$4,000,000	75%

Eligible Borrowers:

Natural Person
LLC
Corporation
ITIN
Foreign National
Non-Occupied Borrowers

Eligible Property Types:

SFR Attached
SFR Detached
Condominium
3 Unit

Eligible Occupancies:

Owner-Occupied
Non-Owner-Occupied
Second Home

* Gift Money Allowed to 100% LTV/ $0 Borrower Contribution.

Reserve Requirement: 4 Months Principal, Interest, Property Tax, Homeowners Insurance, and HOA (if applicable)

Available in the Following States

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

Free Mortgage Consultation

Questions about this loan program? Get a free consultation with a qualified mortgage consultant to review your scenario and available financing options.

I have questions regarding loan program: P&L Only Mortgage Loan – 640 Credit Score

Self-Employed Home Loan – Lite Doc

06/11/2024 10/27/2026

One-Year Lite Doc Program for Self-Employed Borrowers

This One-Year Lite Documentation Loan Program is designed for self-employed borrowers and small business owners who need an alternative to full income verification.

Income guidelines also ideal for borrowers adding a W-2 wage earner income as an additional source of income or as a co-borrower.

Alt-Doc Loan with Bank Statements

Program Guideline Highlights

W2 Second Job or Co Borrower – OK (IRS Form 4506-C is Required)
Minimum Credit Score: 620 (middle score)
Purchase or Rate/Term Refinance: Up to 85% LTV with a 680 credit score
Cash Out Refinance: Up to 80% LTV, 640 credit score, and $1,000,000 maximum cash-in-hand

12-Month Personal Bank Statement Loan

Income Documentation Requirements

This program uses 12 months of personal bank statements to verify income, rather than traditional tax returns.

Profit and Loss Statement (P&L)

Borrowers submit a self-prepared, unaudited P&L statement to support bank statement income. This provides a clear financial summary without requiring full tax documentation.

How the Expense Factor Works Breakdown:

An Expense Factor is applied to bank statement income to calculate qualifying income. This percentage is: Determined by the Loan Officer
Reviewed and approved by the underwriter
Based on the borrower’s business type and operational scope, outlined in the Business Narrative Form
This tailored approach allows more accurate evaluation per your specific industry and local market

Additional Income Evaluation Options

Asset Depletion Income may be used to enhance loan qualification

VOE (Verification of Employment) may be required from a CPA, Enrolled Agent, or professional tax preparer. Must include percentage of business ownership and verification of at least one year of filed self-employed tax returns.

Credit Guidelines

Two 30-day mortgage lates in the past 12 months – OK
Own up to 20 financed properties – Eligible
Asset depletion allowed for both W-2 and self-employed borrowers

Available in the Following States

Non-Prime 6 Month Bank Statement Mortgage

06/11/2024 08/06/2026

Five Alternative Income Verification Options

This Non-QM loan program uses bank statements in lieu of Traditional Income Documentation to determine a borrower’s Ability-to-Repay. Agency – government regulated. Non-QM is manually underwritten per investor guidelines as well as underwriter discretion..

Non-QM Income Documentation Options | Self-Employed Borrower

Tax Returns not required; Form 4506-C not required for Self-Employed borrowers. Form 4506-C is required for W2 Wage Earners only. If W2 Income is Mixed with Self-Employment Bank Statement Income. Proof of Payment will be Required. Self-Employment is defined as >25% Ownership to qualify as “self-employed”.

Loan Scenario Form – Credit Check Not Required

Bank Statement + Asset Depletion – Five Reduced Doc Options

1 Page Business Account with CPA or Borrower Prepared P&L+ 2 Months Business Account statements

3 Months Personal Account statements+ 2 Months Business Account statements

6 Months Personal Account statements

12 Months Business account statements or Personal account statements

24 Months Business Account statements or Personal Account statements. Note: We can co-mingle multiple accounts when it makes sense.

Self-Employed and W2 Wage Earners:

1 Year Tax Returns – 600 Credit Score

1 Year W2 – 600 Credit Score

1 Year 1099 Only – 620 Credit Score

Liquid Reserves Requirement: 6 Months Reserves (Subject Property Housing Expense). Note: Cash Out Can be used to Meet Reserve Requirement.

Maximum loan amount is $3,000,000 to 85% LTV and a maximum Cash Out (cash-in-hand) dollar Amount of $1,000,000. Loan Amount exceptions made to $10,000,000. Lenient DTI Guidelines to 55%. Exceptions to 60% DTI.

Eligible Property Types

Eligible Occupancies

*Owner-Occupied/Primary Residence

*Second/Vacation Home

*Non-Owner-Occupied/Investment Property

Available Terms:

* 30 Year Fixed

* 15 Year Fixed

* 5/6 ARM

* 7/1 ARM

* Interest-Only Available in both the ARM Product as well as the Fixed Rate Product!!

Credit Notes:

* Traditional Credit Only

* Credit Rescore to Qualify for More Loan (or a Better (more suitable) Loan Program: Terms, Pricing, Conditions, etc.

Credit Event Seasoning Requirements for this Alt Doc Program

* Bankruptcy – 12 Months

* Foreclosures – 12 Months

* Short Sale- 12 Months

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Investor DSCR Mortgage Program

06/04/2024 09/08/2026

Purchase or Cash Out Refinance 620 Credit Score

The Real Estate Investor Program offers flexible income documentation options, including Full Doc or DSCR (Debt Service Coverage Ratio).

This Investor DSCR Mortgage Program offers flexible financing for real estate investors with credit scores starting at 620. Borrowers can qualify using full documentation or alternative income verification through DSCR (Debt Service Coverage Ratio) options ranging from 0.75 to 1.5. Loan amounts are available up to $7,000,000, with up to 80% LTV for purchases and 75% for cash-out refinances.

Alt Doc Income Documentation

DSCR (Debt Service Coverage Ratio) Eligible DSCR and LTV Ratios: Debt Service Coverage Ratio (DSCR) .75% – 1.5%

DSCR Jumbo Loan Amounts & LTVs

* $7,000,000 – 80% LTV Purchase

* $7,000,000 – 75% Cash-Out Refinance

Super jumbo DSCR loans from $250,000 to $7,500,000. Get up to 80% LTV for purchases and 75% for cash-out refinances.

Looking for flexible or Creative financing?

DSCR loans offer high loan amounts with simplified income documentation, ideal for real estate investors. With generous LTV limits and no traditional income verification, DSCR programs are designed for borrowers focused on property cash flow.

Property Types:

Single Family Residence (SFR), Condos, 2-4 Units
Eligible Occupancy: Investment Properties
10-year arm, 30-year fixed, 40 year fixed. Interest only also available
Underwriting Notes: Investors, 1-10 Financed Properties allowed even if non-owner occupied.

Available in the Following States:

Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Lite Doc One Year Income Documentation

05/25/2024 08/03/2026

12 Months Income Alternative to 24 Months

As an alternative to the standard two years of income documentation, we have two options for you: either provide one year W2 alongside 30 days of paycheck stubs year to date (YTD), or submit one year tax returns along with year to date Profit and Loss (P&L) statement. Form 4506-C is Required. One year business seasoning required.

Lite: 12 Months Income Verification

Previous Year W2 + 30 Days paystubs with YTD
Previous Year -Form 1099(s) + YTD P&L
Previous Year Business and Personal Returns (extension OK)
P&L – Prepared by a licensed tax professional. Must include license number and on company letterhead

Reduced: One Year Employment History Form 4506-C Not Required

Article of Incorporation/ Operating Agreement
CPA Letter stating % of Ownership number of years in existence

Wage Earner Verification of Employment Options:

Written Verification of Employment (WVOE), endorsed by the Owner, Company Officer, or Direct Supervisor.
Verbal Verification of Employment (VVOE) with contact details for the HR department, including a phone number for verbal confirmation.
Small Business: Direct Supervisor Phone Number

Evidence One Years Self-Employment Options:

Tax Professional such as a CPA, EA, Professional Bookkeeper
Internet Listing – Verify Phone Number and Business Address via Third Party resource, Manta, etc.

Available Terms:

30-Year Fixed Rate, 5/1, 7/1, 10/1 ARMS’s
10-Year Interest Only
20-Year Amortization
40-Year Fixed Rate, 5/1, 7/1, 10/1 ARMS’s | 10-Year Interest Only
30-Year Amortization with or without 10-Year Interest Only

Required Credit Criteria & Highlights:

50% Debt-to-Income Ratio – 640 Minimum Credit Score
55% Debt-to-Income Ratio 700 Minimum Credit Score
Seasoning for Major Derogatory Credit Requires Only 2 Years Seasoning
Gift Funds OK
Gift of Equity OK
Housing Payment History 1 30-Day Mortgage or Rent
Investors – Unlimited Financed Properties -OK

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

Super Jumbo DSCR $4,500,000

04/16/2024 09/08/2026

DSCR Super Jumbo Mortgage for Investment Properties

Debt Service Coverage Ratio (DSCR) continues to be popular with real estate investors. Below are guidelines using Long- and Short-Term Rental Income.

DSCR – Short-Term Rental OK

We can use higher of current market rent or lease stating rental income, depending on the scenario. No limit to the number of financed properties and no reserve requirement increase.

Eligible Transactions:

Purchase, Refinance Rate/ Term
Cash Out Refinance

Eligible Occupancy:

Non-Owner-Occupied Only

Jumbo Loan Amounts: $4,500,000 – 740 FICO

85% LTV to $1,500,000 – 620 Credit Score
85% LTV to $2,000,000 – 640 Credit Score
85% LTV to $2,500,000 – 660 Credit Score
85% LTV to $3,000,000 – 680 Credit Score
85% LTV to $3,500,000 – 700 Credit Score
85% LTV to $4,000,000 – 720 Credit Score
85% LTV to $4,500,000 – 740 Credit Score

Use short-term market rent – Appraisal Form 1007 or Current lease dollar amount for long-term rental

Debt-Service-Coverage Ratio: .75 – 1.5. Expense Factor 15% on rental income. 85% of short-term or Long-Term rental income.

Use Interest-Only Payment to qualify

We allow Title in a Trust, Corporation, or LLC, and don’t report entity Title on the borrower’s credit report

Minimum Credit Score – 600

We use the highest credit score out of three.

12-month Short-Term rental payment history and Air BnB internet listing, etc. <12-month history considered case-by-case.

Eligible Borrowers:

Natural Person
Business Entity
Foreign National

Eligible Property Types:

Single Family Residence
2 Unit
3 Unit
4 Units
Warrantable Condos
Non-Warrantable condos

Available Terms

Prepayment Penalty: 1 year minimum

Term: 40-Year Fixed, 40-Year Fixed Interest-Only, 30-Year Fixed, 30-Year Fixed Interest-Only, 10, 7, and 3-Year ARMs

Available in the Following States:

Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin.

Stated Income/Verified Assets – California

02/27/2024 08/27/2026

2026 Update: Minimum Credit Score Reduced to 680

This California stated income loan program allows qualified borrowers to purchase or refinance real estate without providing traditional income documentation such as tax returns, W-2s, or pay stubs.

Instead of documenting income through conventional sources, income is stated on the 1003 Residential Loan Application. The program does, however, require verification of sufficient liquid assets.

This stated-income, verified-assets structure can be useful for self-employed borrowers, business owners, real estate investors, and other borrowers whose qualifying income may not be fully reflected by conventional documentation.

Borrowers who cannot verify the required liquid assets may instead consider a Stated Income/Stated Assets Loan Program available in additional states.

Purchase, Rate/Term Refinance and Cash-Out Refinance

Purchase and Rate/Term Refinance

Maximum loan amount: $4,000,000
Maximum LTV: 80%

Cash-Out Refinance

Maximum loan amount: $2,500,000
Maximum LTV: 75%
Cash-out proceeds up to $2,000,000 cash in hand, subject to program guidelines

Stated Income Loan Program – Owner-Occupied

Many stated income mortgage programs are limited to investment properties or business-purpose transactions. This program is notable because it allows eligible borrowers to purchase or refinance an owner-occupied primary residence in California without verifying income through tax returns, W-2s, or pay stubs.

Eligible occupancy types include primary residences, second homes, and non-owner-occupied properties.

Income Documentation Requirements

Traditional income documentation is not required.

Borrowers are not required to provide:

Personal tax returns
Business tax returns
W-2s
Pay stubs

Income is stated directly on the 1003 Residential Loan Application.

Employment and Business Verification Requirements

Eligible employment or business verification documents may include:

Business license
CPA letter
Business certificate

Eligible Property Types

Eligible property types include:

Single-family residence – attached
Single-family residence – detached
2-unit property
3-unit property
4-unit property
Condominium

Eligible Occupancy Types

Owner-occupied primary residence
Non-owner-occupied property
Second home – maximum 75% LTV

Verified Asset Requirements

Although income is stated, liquid assets must be verified.

Loan Amounts Below $1,000,000

Minimum reserves: 6 months of housing expense

Loan Amounts Above $1,000,000

Minimum reserves: 12 months of housing expense

Loan Amounts Above $2,000,000

Minimum reserves: 18 months of housing expense

Asset verification may be completed with:

Two months of personal bank statements
Two months of business bank statements
Verification of Deposit | VOD (2 month average)

Personal or business bank statements may be used, subject to underwriting requirements.

Gift Funds and Borrower Contribution

Gift funds may be used toward the down payment. A minimum 5% borrower contribution is required.

Credit Score Requirement

The minimum qualifying credit score is 660 FICO.

Credit History Requirements

Borrowers must generally meet the following credit-history requirements:

No 30-day late payments during the previous 36 months on mortgage or rental obligations
No 30-day late payments during the previous 36 months on revolving or installment consumer debt
Minimum 3 active tradelines
Minimum 3-year active history on at least 3 tradelines

Additional Underwriting Guidelines

Maximum 10 financed properties
No limit on the total number of properties owned
Mortgage insurance is not required
Maximum property size: 10 acres
Two months of bank statements or a Verification of Deposit may be used for asset verification
Personal or business bank statements are permitted

Lien and HELOC Seasoning Requirements

Existing liens on the subject property must be seasoned for at least 6 months
A HELOC must be seasoned for at least 12 months
A HELOC must have no draws during the previous 12 months

Appraisal Requirements

Full interior and exterior appraisal required
Interior and exterior photographs required
Desk review required for loan amounts greater than $750,000

MLS and Refinance Seasoning Requirements

Property cannot have been listed on the MLS for more than 90 days
No purchase seasoning is required for refinance
Current market value may be used for LTV purposes, subject to appraisal and underwriting requirements

Available States

This stated income loan program is currently available in:

California

California Stated Income Loan Without Tax Returns

This program provides qualified California borrowers with an alternative to traditional income-documentation mortgages. Income is stated on the 1003 loan application while the borrower’s liquid assets are verified.

Key program highlights include a 660 minimum FICO, financing up to 80% LTV, purchase and rate/term loan amounts up to $3.5 million, cash-out refinance up to $2 million, and owner-occupied eligibility.

DSCR Super Jumbo to $5,000,000 Cash Out

02/06/2024 09/08/2026

Qualifying for a mortgage on an investment property can be tricky, particularly if you own multiple properties. The DSCR (Debt Service Coverage Ratio) option makes qualifying simple: The only income considered to determine qualification is the rental income from the subject property vs. the PITIA payment. No DTI is developed.

DSCR Cash Out Refinance

The DSCR option makes qualifying for a Cash Out refinance simple: The only income considered to determine qualification is the rental income from the subject property.

DSCR is calculated by taking the lower of the subject property’s market rent disclosed on the appraisal or the lease agreement divided by the monthly PITI(A) payment (ARM P&I based on Start Rate)

Interest Only Loans Are Qualified on the PITIA Payment.

Key DSCR Features Include:

Underwriter Highlight Notes:
* No Debt-to-Income Ratio
* Maximum Loan to Value up to 80%
* Credit score as low as 600.
* Maximum loan amount $5,000,000
* Reserves not required.
* Income From Market Rent or Lease Agreements on Investment Properties
* First-Time Investors Allowed
* 30-Year or 40-Year Interest-Only Products
* Unlimited Cash Out amount options.
* Gift Funds Allowed With 10% Min Contribution From Borrower’s Own Funds (cannot be used to meet reserves)
* Eligible Property Types include Single-Family Dwelling, 2-4 Units, Condos (Warrantable and Non-Warrantable), Condotels
* Short-Term Rental Properties OK

Available in the Following States:

DSCR Loans

02/01/2024 11/11/2026

DSCR Business Purpose Loans

Unconventional Mortgage Lending > Featured Loan Programs

DSCR stands for Debt Service Coverage Ratio loans, which allow real estate investors to qualify based on property cash flow rather than personal income making them Ideal for self-employed investors. DSCR loans are Business Purpose loans and therefor are not subject to federal regulation. See below for more details on DSCR and other investor loan programs. Questions? Speak to a Loan Officer (800) 718-8906.

DSCR Loan Program Guidelines and Highlights: Debt Service Coverage Ratio Loans

DSCR Loan Program 85% LTV

Our manual underwriting process for DSCR loans provides the flexibility to evaluate loans comprehensively, allowing for more credit approval decisions. LTV up to 85% on purchase loans and rate/term refinances, accommodating a wider range of borrowers and financial situations. Investment

08/05/2024 09/08/2026

DSCR No Ratio Cash Out Refinance

Flexible DSCR No Ratio loans up to $3,500,000 with LTVs to 85%. Available for purchases, refinances, and cash-out up to $500K. Eligible for SFRs, condos, non-warrantable condos, and multi-units.

09/04/2025 11/11/2026

Contact a Loan Officer

Debt Service Coverage Ratio 620 FICO

Business Purpose Investor Loan Program Loan programs for homebuyers and homeowners looking to refinance, rate/Term and Cash Out their Single-Family Residence, Condo or Multi-Unit including Investors. DSCR Investor Loans support both purchase and cash-out refinancing options. Qualify for up to $10 million with an 85% LTV, a minimum DSCR of 0.85, and a 620 middle

09/03/2020 09/08/2026

Super Jumbo DSCR to $4,000,000

DSCR First Time Investor Loan OK Our DSCR cash flow loan offers borrowers an interest-only option to qualify using the interest-only payment plus escrows. This is just another benefit of this easy to close loan product specifically for real estate investors to maximize property cash flow. Business Entity Vesting – OK DSCR is considered a

06/14/2023 09/08/2026

DSCR – Real Estate Investor Program to $10,000,000

Debt Service Coverage Ratio (DSCR) – No Ratio program for real estate investors up to $5,000,000. Eligible for purchase and cash-out refinance with no employment or traditional income documentation required. Income is based on rental leases or appraisal. No DTI ratio applies, and credit score, LTV, and reserves are key factors.

03/17/2021 11/05/2026

Super Jumbo DSCR $4,500,000

DSCR loans remain a top choice for real estate investors. We offer flexible guidelines using income from both long- and short-term rentals, and can qualify using the higher of market rent or lease-stated rental income.

04/16/2024 09/08/2026

Super Jumbo DSCR Investor Mortgage

Super Jumbo Investor Mortgage | DSCR. A specialized DSCR loan program for real estate investors with a minimum credit score of 620. Offers up to 85% LTV for purchase transactions, 80% for cash-out refinance, and loan amounts up to $15,000,000. Income verified through rental leases or appraisal form 1007.

06/17/2021 09/08/2026

DSCR Super Jumbo to $5,000,000 Cash Out

02/06/2024 09/08/2026

DSCR No Ratio Jumbo Mortgage

The DSCR (Debt Service Coverage Ratio) Loan Program is built for experienced real estate investors, allowing up to 25 financed properties—far beyond most investor loan limits. Program guidelines are designed for flexibility, with no income verification and qualification based on property cash flow.

12/10/2019 09/08/2026

Investor DSCR Mortgage Program

Purchase or Cash Out Refinance options available with a minimum 620 credit score. The Real Estate Investor Program provides flexible income documentation, including Full Doc or DSCR (Debt Service Coverage Ratio) alternatives—ideal for investors seeking streamlined qualification using property cash flow instead of traditional income.

06/04/2024 09/08/2026

By State:

Alternative Income Documentationa

Contact a Loan Officer

Income and Employment Loan Items:

DSCR Niche Loan Programs

No Doc Loan Programs

Second Mortgage Bank Statement Loan Programs

Stated Income Loans (O/O & N/O/O)

Latest Loan Programs

Super Jumbo Bank Statement Loan

09/30/2023 12/18/2025

Super Jumbo Bank Statement Loan for Self-Employed Borrowers

The Super Jumbo Bank Statement Loan is designed for self-employed borrowers seeking high-balance financing with flexible income documentation. This lite documentation (Lite Doc) mortgage program supports purchase, rate-and-term refinance, and cash-out refinance transactions for qualifying borrowers.

Program Overview and Loan Highlights

Maximum Loan Amount: Up to $12,000,000
Purchase / Rate & Term and Cash-Out Refinance:
Up to 90% LTV – 660 minimum credit score
Cash-Out Refinance Up to 85% LTV – 640 minimum credit score
Up to $2,000,000 maximum cash-in-hand

Income Documentation – Self-Employed (Lite Doc Options)

12 or 24 months personal bank statements
Profit & Loss Statement (P&L):
Borrower-prepared and unaudited options permitted
Expense Factor (Expense Ratio):
Determined by the Loan Officer and approved by the underwriter
Based on business scope and narrative documentation
Asset Depletion income calculation available

Verification of Employment – Self-Employed

CPA, Enrolled Agent, or professional tax preparer to confirm:
Percentage of business ownership
History of filing self-employed tax returns (minimum 2+ years)

Co-Borrower and Wage Earner Eligibility

W-2 wage earner co-borrowers are permitted. Required Wage Earner Documentation:

Prior year W-2
Most recent 30 days of pay stubs
Written Verification of Employment (WVOE) completed by employer HR department or direct supervisor

Credit and Debt to Income Guidelines

Maximum DTI: 50%
Exceptions up to 55% with compensating factors (credit score, reserves, purchase seasoning, employment history)
Minimum Middle Credit Score: 600
Mortgage History:
One 30-day mortgage late in the past 12 months allowed
Asset Depletion: Available for both W-2 and self-employed borrowers

Eligible States

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

One-Year History Verification | VOE

07/28/2023 11/10/2026

1099 Only Lite Doc Income Documentation

Bank Statement Loan | 660 Credit Score – 90% LTV to $1,500,000

Highlights include:

1-Year Income and Employment Verification Documentation, Asset Utilization
Form 4506-C is Required – One Year
Tax Return is Required – One Year for Lite Doc
Gift Funds OK

Minimum Credit Scores:

600 Minimum Score for the Primary Income Earner
580 Minimum Co-Borrower

Portfolio Non-QM Lender Guidelines & Highlights

Simplifying Non-QM Underwriting and process by defaulting to our core Non-QM guidelines and interpretation of the Ability to Repay rule. We can expedite and close your loan with minimal conditions and fast closing.

Underwriter Niche Guidelines:

VOR (Verification of Rent) Not Required
No Credit LOE’s (Letter of Explanation) for previous addresses, work history, recent credit inquiries
Reserves not required on Primary Residence
No Liquid Assets Requirement for either a Rate and Term Refinances but also, Cash-Out refinance
No Residual Income requirements
Six Months Title Seasoning on Market Value Cash-Out Refinance
First Time Homebuyers qualify the same
100% Gift Funds with 5% Borrower Contribution
55% DTI (debt-to-income) Ratio
Cash-Out Available
Fixed-Rate Interest-Only Terms Available
Prepayment Options Available

Available in the Following States:

Alabama, California, Florida, Georgia, Hawaii, Illinois, Maryland, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Business Description for Bank Statement Loans

07/24/2023 08/19/2026

When applying for a Bank Statement Loan, it’s important to understand that Non-QM lenders require a Business Description as part of the underwriting process. Whether submitting for pre-qualification or full underwriting, lenders will request a detailed summary of your business.

Some lenders refer to this as a Business Narrative or Business Summary. Below are the key components typically required by lenders in 2024.

Bank Statement Loan – Business Profile & Ownership Details

Owner Name(s):
Business Address(es):
Property Type: (Office, Home-Based, Warehouse, etc.)
Number of Employees:
Full-Time:
Part-Time:
Contractors:
Percentage of Ownership:
Years in Business:

Business Operations & Revenue Model

Type of Business: (Service-Based, Product-Based, Retail, etc.
Service-Based Business: If you provide a service, describe the nature of your services.
Manufacturing Business: If you produce goods, explain the manufacturing process.
Retail or Resale Business: If you buy and resell products, specify the sourcing and sales process.
Banking Details: Do you use multiple bank accounts for business income? If so, explain how funds are managed.

Business Income & Loan Structuring

Providing a clear and concise business description helps your loan officer structure your loan application efficiently. Accurate documentation improves approval chances, reduces underwriting conditions, and speeds up the funding process.

Super Jumbo DSCR to $4,000,000

06/14/2023 09/08/2026

DSCR First Time Investor Loan OK

Our DSCR cash flow loan offers borrowers an interest-only option to qualify using the interest-only payment plus escrows. This is just another benefit of this easy to close loan product specifically for real estate investors to maximize property cash flow.

Business Entity Vesting – OK

DSCR is considered a Business Purpose Loan simply because the subject property is an investment property. However, we do have Business Loan Programs for primary residences, too.

Highlights of our DSCR product: Ability to vest in the name of LLC or corporation. Loan amounts up to $2 million Cash-out refinance to unlock equity for future investments. Talk to us today about how you can close more deals for real estate investors!

Lite Doc Investor Loan Program

Our DSCR program uses the rental income to qualify for the DSCR for a purchase or refinance investment properties. Available terms: 30-Year and 40-year Fixed Rate including Interest Only. Maximum loan amount $4,000,000.

DSCR / (Debt-Service-Coverage Ratio) – .75% and 1.5%

The DSCR is calculated by dividing the borrower’s net operating income (NOI) by their total debt service. The net operating income represents the income generated from the property, such as rental income, minus operating expenses. Total debt service includes the principal and interest payments on the mortgage, as well as any other debt obligations.

Different Lenders Different Guidelines

Lenders typically have specific DSCR requirements that borrowers must meet to qualify for a DSCR mortgage.

For example, if a lender requires a minimum DSCR of 1.25, it means that the borrower’s net operating income must be at least 1.25 times their total debt service. This ensures that the borrower has a buffer of cash flow to cover their debt obligations and demonstrates their ability to manage the mortgage payments.

Commercial and Mixed-Use Properties – OK

DSCR mortgages are often used for commercial real estate properties, such as office buildings, retail centers, or apartment complexes, where the property’s income potential plays a significant role in determining loan eligibility. By assessing the borrower’s cash flow ability, lenders can mitigate the risk of default and make more informed lending decisions.

Debt service coverage ratio (DSCR) is an important metric for investors, particularly those interested in income-generating properties like commercial real estate. Investors analyze the DSCR to assess the property’s ability to generate sufficient income to cover its debt obligations. Here’s how DSCR is relevant to investors:

Risk assessment: Investors use the DSCR to evaluate the level of risk associated with an investment property. A higher DSCR indicates a property with a stronger ability to cover its debt payments, which lowers the risk of default. Conversely, a lower DSCR suggests a higher risk of potential financial strain and difficulty in meeting debt obligations.

Investment Property Decision-Making Criteria

The DSCR is a crucial factor in determining whether an investment property is financially viable. Lenders often have specific DSCR requirements that investors must meet to secure financing. Investors typically seek properties with DSCRs that comfortably exceed these lender requirements to ensure they have a sufficient margin of safety.

Number Crunching – PITIA (Housing Expense / $Rent Income)

Cash flow analysis: DSCR is closely tied to the property’s cash flow. By comparing the property’s net operating income (NOI) to its debt service, investors can assess whether the cash flow is robust enough to cover the mortgage payments. Positive cash flow, indicated by a DSCR above 1, is generally desirable for investors, as it suggests surplus income after debt obligations are met.

Risk mitigation: A higher DSCR provides a cushion for unexpected events or changes in the property’s income. It helps investors weather potential economic downturns, tenant vacancies, or other disruptions that may impact cash flow. By selecting properties with stronger DSCRs, investors can mitigate risks and increase their chances of a stable and profitable investment.

In summary, the debt service coverage ratio is a critical metric for investors interested in income-generating properties. It helps assess risk, inform investment decisions, evaluate cash flow, and mitigate potential financial challenges.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

Hard Money Loan Asset Based Program

06/14/2023 09/03/2026

Stated Income / No Doc

This hard money asset-based stated income / No Doc loan program is designed for borrowers who need an asset-based lending solution. This program does not require income documentation, making it ideal for those who may not qualify through traditional methods.

Manual Underwriting

We offer flexibility for borrowers facing financial challenges, including those currently in foreclosure, bankruptcy, or with past bankruptcies. Even properties in probate are eligible, providing solutions for unique financing situations.

This program is available for both residential and commercial properties, offering a versatile lending option for various real estate investments.

Eligible Property Types

Single Family Residence
2 Unit
3 Unit
4 Unit

Eligible Occupancies

Non-Owner-Occupied
Owner-Occupied (case by case)

Hard Money Lender Underwriter Notes

This program is an asset-based lender
Currently in foreclosure OK
Currently in bankruptcy or past bankruptcies OK
In probate OK
Residential and commercial properties

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Kentucky, Maine, Massachusetts, Mississippi, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, and Washington.

Stand-Alone Second Mortgage 640 FICO

05/19/2023 08/06/2026

Bank Statement or 1099 Only Second Mortgage Loan Program

A Stand-Alone Second Mortgage, also known as a second lien mortgage, allows borrowers to access home equity while keeping their existing first mortgage and low interest rate. This program is available for primary residences, second homes, and investment properties, with loan amounts up to $700,000 and a minimum credit score of 640.

Documentation Option Highlights

Personal & Business Bank Statements – Multiple 1099s – Full Doc W-2s & Tax Returns

Loan Amounts, CLTV, & Credit Score Requirements

$700,000 – 85% CLTV – 660 Credit Score
$500,000 – 80% CLTV – 640 Credit Score

Key Underwriting Guideline Requirements

Primary Residence & Second/Vacation Home: Max 85% CLTV
Second Homes & Investment Properties: Max 70% CLTV
Maximum DTI Ratio: 50%

Eligible Property Types: Single-family homes, townhomes, 2-4 unit properties, and warrantable condos

Eligible Occupancies: Owner-Occupied, Non Owner-Occupied, Second Home

Credit Score Tools: Rapid Rescore (2 business days), Credit Score Simulator, Credit Analyzer

This program provides a flexible financing solution for homeowners looking to leverage their equity without refinancing their first mortgage.

Available in the Following States:

Alabama, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

No Doc Loans

12/02/2022 09/03/2026

No Doc Mortgage Loans

Unconventional Mortgage Lending > Featured Loan Programs

A No Doc (no documentation) Loan is an easy and convenient financing option that does not require you to provide any documentation, income, asset, or employment. Unemployed people and often require specialized service, which our skilled loan officers provide. We offer diverse No Doc mortgage loan programs, each tailored with unique guidelines, matrices, specialties, and strengths.

No Doc Programs We Offer Guidelines and Highlights

No Ratio Mortgage Program

No Ratio mortgage—no income disclosure required. A great fit for asset-rich or investment-savvy borrowers. Designed for primary, second home, and investment properties. Available for purchases, rate/term, and cash-out refinance. No Income Disclosed or Documented: Loan Amounts: Credit Score Minimum: 640

05/29/2025 09/09/2026

DSCR No Ratio No SSN#

Our Debt Service Coverage Ratio (DSCR) loan program is designed for real estate investors who want to qualify based on rental income rather than personal income documentation. Whether you’re a first-time investor or looking to expand your portfolio, this program

12/30/2024 11/11/2026

Contact a Loan Officer

6 Month Bank Statement Mortgage Program

6-Month Bank Statement Loan – 680 Credit Score This Six-Month Bank Statement Loan program caters to borrowers with a 680 credit score or higher, designed specifically for

01/14/2020 09/09/2026

Hard Money 5-Million Owner Occupied

This program enables primary owner-occupied loans from $500,000 to $5,000,000 for purchase, refinance, cash-out, construction, bridge, or blanket financing.

06/13/2015 10/27/2026

90% LTV – ITIN Investors

Flexible ITIN mortgage loans for non-U.S. citizens. Finance or refinance investment properties with up to 90% LTV and no tax returns required.

03/22/2020 09/03/2026

Non-QM – Stated Expense Ratio

Non-QM Stated Expense Ratio mortgage programs for self-employed borrowers using alternative income documentation. Bank statement lenders apply varying expense percentage rates to estimate business costs—key

10/15/2020 07/08/2026

Reduced Doc – One Year Employment

1099 Only Lite Doc Bank Statement Loan – Qualify with just 1 year of income and employment verification. Ideal for self-employed borrowers with a 660+

12/19/2019 06/16/2026

90% LTV Alt Doc Jumbo – 720 Credit Score

Alt Doc Loans Bank Statement Loans Bank Statement Mortgages Jumbo Loan Programs Jumbo Loans

02/25/2019 09/15/2026

Jumbo Investor Loan 720 FICO to 90% LTV

Jumbo Vacation Home Loan $3,500,000 This jumbo investor mortgage program provides financing for investment properties, non owner occupied homes, and eligible second homes, with loan

03/25/2015 11/11/2026

True No Doc Home Loan

No Income verification super jumbo Loan up to $30 Million. Access high-value financing without income documentation or employment history. Ideal for self-employed, retirees, day traders,

05/26/2015 09/03/2026

Non-QM Portfolio Lender Loan Programs

Non-Qualified Mortgage Lender Serving California Non-QM lender offering Non-QM loan programs to California self-employed borrowers. California business owners need flexible non-qualified underwriter guidelines with favorable

09/24/2020 08/08/2026

Super Jumbo Investor Loan

Super Jumbo Real Estate Investor Loan Program to $5,000,000 This investor program was created for seasoned professional Business Purpose Real Estate Investors for most property

01/09/2020 09/03/2026

DSCR – Real Estate Investor Program to $10,000,000

Debt Service Coverage Ratio (DSCR) – No Ratio program for real estate investors up to $5,000,000. Eligible for purchase and cash-out refinance with no employment

03/17/2021 11/05/2026

Investor DSCR Mortgage Program

Purchase or Cash Out Refinance options available with a minimum 620 credit score. The Real Estate Investor Program provides flexible income documentation, including Full Doc

06/04/2024 09/08/2026

No Income No Asset Verification Mortgage

No income or asset documentation required—no 4506-T or 4506-C forms needed. As of June 2025, tax returns are not required for self-employed or W-2 borrowers.

09/03/2014 10/29/2026

Super Jumbo DSCR Investor Mortgage

Super Jumbo Investor Mortgage | DSCR. A specialized DSCR loan program for real estate investors with a minimum credit score of 620. Offers up to

06/17/2021 09/08/2026

Bank Statement Mortgage Program for Self-Employed Borrowers

Bank Statement Mortgage Program for self-employed borrowers using personal or business bank statements instead of traditional tax-return income. Jumbo and Super Jumbo loans available up

05/29/2020 08/28/2026

Non-Prime Bank Statement Loan

Subprime bank-statement loan: Alt-doc financing using bank statements for income. Higher-risk, flexible qualification even with credit blemishes.

10/28/2014 08/08/2026

No Ratio Investor Loan Jumbo

DSRC Investor Loan Program – No Income Verification Qualify for a self-employed mortgage with loan amounts up to $5,000,000 and a 760 middle mortgage credit

11/02/2019 09/08/2026

Non-Prime True No Doc Mortgage Program

The Non-Prime True No Doc Mortgage Program is an equity-driven, alternative documentation option tailored for borrowers with unconventional income or documentation (like the self-employed, fixed-income

03/11/2021 08/14/2026

Investor Loan – No Doc

Nationwide Private Mortgage Lender Unique mortgage loan program designed for the Residential Real Estate Investor This is a Private Money lender that has funded thousands

06/17/2015 09/03/2026

Bank Statement Loan to $5,000,000

Jumbo Bank Statement Loan to $5,000,000. Alt-doc qualifying with 12–24 month. bank statements, up to 55% DTI, and $2,500,000 cash-out available.

02/27/2019 07/13/2026

Debt Service Coverage Ratio 620 FICO

Business Purpose Investor Loan Program Loan programs for homebuyers and homeowners looking to refinance, rate/Term and Cash Out their Single-Family Residence, Condo or Multi-Unit including

09/03/2020 09/08/2026

California Hard Money 30-Million

Super Jumbo Hard Money Loan Program 1st, 2nd, and 3rd Stand-Alone Mortgage | Forms 4506-T and 4506-C Not Required LTV – 70% to 75% depending

04/10/2014 09/03/2026

DSCR No Ratio Jumbo Mortgage

The DSCR (Debt Service Coverage Ratio) Loan Program is built for experienced real estate investors, allowing up to 25 financed properties—far beyond most investor loan

12/10/2019 09/08/2026

Exception-Based Non-Prime Loan

Unique Non-QM Lenders and Loans We have many loan options, and we are poised to increase the buying power of the small to medium size

07/03/2021 08/27/2026

Non-Prime True No Doc Loan Program

Non-Prime – No Income and No Employment If you’re seeking the right Non-Prime No-Income/No-Employment program requiring minimal documentation.With no verification of income or employment required,

03/22/2020 05/26/2026

Non-QM | Non-Prime Loan Programs

The Non-Prime / Non-Qualified Lender Programs offer flexible mortgage solutions for borrowers with unconventional financial profiles—like those with lower credit scores or alternative income documentation.

01/27/2021 05/26/2026

Private Money 70% LTV

Soft Money Mortgage Program Exceptions made to 75% LTV for qualifying counties in the state of California. This means that the pricing is less than

06/26/2015 07/25/2026

Alternative Income Documentation

Contact a Loan Officer

Non-QM Lenders

Non-QM Mortgages

Stated Income Loans

Construction Loans

Purchase Loans | Alt Doc

Refinance Loans | Alt Doc

Non-Prime Mortgage Loans

Non-Prime Bank Statement Loans

Credit Score Tools:

Lite Doc Loans

12/02/2022 09/16/2026

Lite Doc - 12 Month Income Documentation

Unconventional Mortgage Lending > Featured Loan Programs

One-year alternative income as well as employment verification (VOE) documentation. "Lite Doc" loan programs fit self-employed borrowers. Lite Doc and Reduced Doc programs are also available to W2 Wage Earner income for both the Primary Borrower and Co-borrower (salary, hourly wage, overtime, commission, bonus, tips). Questions? ~ Speak to a Loan Officer (800) 718-8906.

Lite Doc Loans - Programs We Offer - Guidelines and Highlights | Speak to a Loan Officer: (800) 718-8906

DSCR 85% LTV to $4,000,000

The DSCR Mortgage Loan Program offers financing options with a Debt Service Coverage Ratio as low as 0.75. Borrowers can choose from adjustable-rate mortgages (ARMs) with interest-only options or fixed-rate products. The program allows for loan-to-value (LTV) ratios of up

10/08/2024 11/11/2026

DSCR Loan Program 85% LTV

08/05/2024 09/08/2026

Contact a Loan Officer

Non-QM Portfolio Lender Loan Programs

09/24/2020 08/08/2026

Non-QM | Non-Prime Loan Programs

01/27/2021 05/26/2026

12-Month Bank Statement Jumbo Program

This 12-Month Bank Statement Jumbo Loan is tailored for self-employed borrowers and those with alternative income sources. Qualify for up to 90% income deposit utilization

12/09/2024 07/09/2026

Bank Statement Mortgage Program for Self-Employed Borrowers

Bank Statement Mortgage Program for self-employed borrowers using personal or business bank statements instead of traditional tax-return income. Jumbo and Super Jumbo loans available up

05/29/2020 08/28/2026

Bank Statement Loan Options for Self-Employed

Bank Statement Alt Doc Options Available – 2026 Updates We calculate your monthly income number (DTI purposes) before your loan is submitted to the underwriter

01/05/2022 07/25/2026

Lite Doc 1099 Only Mortgage Loan Programs

1099 Only mortgage for Independent Contractors with one or two year self-employment histor.

09/09/2020 09/15/2026

90% LTV – ITIN Investors

Flexible ITIN mortgage loans for non-U.S. citizens. Finance or refinance investment properties with up to 90% LTV and no tax returns required.

03/22/2020 09/03/2026

One Year 1099-Only Income Reduced Doc Program

The 1099 Mortgage Program makes qualifying easier for self-employed borrowers. Only one year of 1099 income is required—no full tax returns—offering high loan amounts, flexible

09/03/2025 08/12/2026

Bank Statement Mortgage – Wage Earner

Lite Doc Jumbo and Super Jumbo Mortgage Purpose: Purchase, Rate/Term and Cash Out (6 Months Purchase/Title Seasoning for “Current Market Value”) Wage earners may qualify

02/25/2019 07/22/2026

12 Month Bank Statement Loan + VOE Alt Doc

Qualify for a mortgage using as little as 12 months of personal or business bank statements instead of traditional tax returns. This alternative documentation loan

12/10/2019 07/06/2026

6 Month Bank Statement Mortgage Program

6-Month Bank Statement Loan – 680 Credit Score This Six-Month Bank Statement Loan program caters to borrowers with a 680 credit score or higher, designed specifically for

01/14/2020 09/09/2026

90% LTV Alt Doc Jumbo – 720 Credit Score

Alt Doc Loans Bank Statement Loans Bank Statement Mortgages Jumbo Loan Programs Jumbo Loans

02/25/2019 09/15/2026

Reduced Doc – One Year Employment

1099 Only Lite Doc Bank Statement Loan – Qualify with just 1 year of income and employment verification. Ideal for self-employed borrowers with a 660+

12/19/2019 06/16/2026

Bank Statement Loan to 75% LTV 620 Credit Score

Six Alternative Income Verification Options This 3 month, 6 month, 12 month, or 24 month bank statement Non-QM loan program uses bank statements in lieu

04/28/2021 11/10/2026

Exception-Based Non-Prime Loan

Unique Non-QM Lenders and Loans We have many loan options, and we are poised to increase the buying power of the small to medium size

07/03/2021 08/27/2026

Bank Statement Loan Service Loans

Our bank statement loan service provides flexible solutions. By analyzing gross monthly deposits and subtracting an expense ratio or factor percentage, our lenders pre-underwrite and

08/06/2024 10/22/2026

One Month Bank Statement Loan Program

One Month Bank Statement Loan Program for self-employed borrowers. A flexible solution allowing qualification with just 1 month of bank statements, ideal for those seeking

03/09/2021 09/05/2026

Bank Statements/Asset Depletion to 5-Million

Self-Employed Borrowers: Purchase 90% LTV, and Cash Out – 85% LTV ~ Self-employed borrowers can now take advantage of alternative income documentation with options to

02/26/2019 09/07/2025

Six Alternative Income Verification Options

Bank Statement and Asset Depletion Non-QM loan program uses bank statements In lieu of Traditional Income Documentation to determine a borrower’s Ability-to-Repay. Agency – government

10/17/2021 10/19/2026

Super Jumbo DSCR Investor Mortgage

Super Jumbo Investor Mortgage | DSCR. A specialized DSCR loan program for real estate investors with a minimum credit score of 620. Offers up to

06/17/2021 09/08/2026

1099 Only Jumbo Loan – 640 Credit Score

Sole Proprietor Super Jumbo Loan Program – $7,500,000 This particular 1099 Only income documentation mortgage loan can accommodate Sole Proprietors, Independent Contractors, and Freelance Professionals

06/13/2024 07/06/2026

12 Month Bridge Loan

12-Month Bridge Loan: short-term loan up to $30M, up to 75% LTV. Tap your property equity fast before sale. Credit score min 620.

04/08/2020 09/03/2026

Non-Prime True No Doc Mortgage Program

03/11/2021 08/14/2026

Super Jumbo Investor Loan

Super Jumbo Real Estate Investor Loan Program to $5,000,000 This investor program was created for seasoned professional Business Purpose Real Estate Investors for most property

01/09/2020 09/03/2026

DSCR – Real Estate Investor Program to $10,000,000

Debt Service Coverage Ratio (DSCR) – No Ratio program for real estate investors up to $5,000,000. Eligible for purchase and cash-out refinance with no employment

03/17/2021 11/05/2026

12 Month Reduced Doc Mortgage Program

12 Month Reduced Doc Mortgage for self-employed and W-2 borrowers using one year of income documentation instead of a traditional two-year average. Loan amounts up

09/18/2019 08/28/2026

One-Year History Verification | VOE

1099 Only Lite Doc Income Documentation Bank Statement Loan | 660 Credit Score – 90% LTV to $1,500,000 Highlights include: Minimum Credit Scores: Portfolio Non-QM

07/28/2023 11/10/2026

Portfolio Jumbo Low Doc – One Year P&L Statement Only

Self-Employed Home Loan Program This kind of loan product is for the Self-Employed borrower that can produce a 1-year P&L along with a letter from

05/08/2018 08/20/2026

Stand-Alone Second Mortgage

Access the equity in your home without the paperwork stress. Our Second Mortgage Bank-Statement Loan is for self-employed homeowners, freelancers, or anyone who lacks traditional

11/02/2019 05/26/2026

Self-Employed Home Loan – Lite Doc

A flexible 12-month bank statement loan program designed for self-employed borrowers and business owners, offering up to 85% LTV with alternative income documentation. W-2 co-borrowers

06/11/2024 10/27/2026

1 Year Full Doc Loan Program – Reduced Employment Documentation

1 Year Full Doc loan program for W-2 and self-employed borrowers using reduced income documentation. Financing up to $4 million, 85% LTV, and a 620

03/10/2021 08/28/2026

Lite Doc One Year Income Documentation

12 Months Income Alternative to 24 Months As an alternative to the standard two years of income documentation, we have two options for you: either

05/25/2024 08/03/2026

Debt Service Coverage Ratio 620 FICO

Business Purpose Investor Loan Program Loan programs for homebuyers and homeowners looking to refinance, rate/Term and Cash Out their Single-Family Residence, Condo or Multi-Unit including

09/03/2020 09/08/2026

One Month Bank Statement Mortgage Loan Program

Self-Employed Mortgage One Month Bank Statement Option One-Month Bank Statement Loan for Self-Employed: A flexible mortgage solution for purchases, rate/term refinances, and cash-out options. Ideal

12/20/2018 07/15/2026

Bridge and Hard Money Loans

A lender committed to providing gap financing solutions 1st and 2nd Loan Packages Cross collateralization for larger loan sizes Fast underwriting decisions and funding Additional

04/09/2014 09/03/2026

Alternative Income Documentation

Contact a Loan Officer

Latest Loan Programs

Asset Depletion Loans

Alt Doc Purchase Loans

Alt Doc Refinance Loans

Cash Out Refinance Loans

Second Mortgages

Second Mortgage Niche Loans

Construction Loans

No Doc Mortgage Loans

Non-QM Mortgages

Non-QM Lenders

Non-Prime Mortgage Loans

Non-Prime Bank Statement Loans

Stated Income Loans

Credit Score Tools

3 Month Bank Statement Program

02/25/2022 05/26/2026

This program is especially helpful when your recent deposits are stronger than your longer‑term average or when you only have a short statement history available. Our 3‑month bank statement loans in California can make qualifying for your next home loan much easier.

Is the 3-Month Bank Statement Mortgage is ideal if you?

Have strong recent income deposits, but lower average income over the past year or two

Only have 3 months of statements available

Want faster qualification without extensive income documentation

Super Jumbo $55% Debt-to-Income Ratio, Exceptions to $5,000,000 with strong compensating Credit Profile factors

How do 3-Month Bank Statement Home Loans Work?

If you would like to provide your most recent 24 months of bank statements (personal or business, all accounts showing income deposits). Your loan officer will review deposits, identify income-related deposits, and pre-calculate your qualifying income for DTI and loan approval purposes.

Note: Not all documentation you provide will be sent to underwriting – only what’s most relevant.

Example: Certain deposits may need to be sourced, while others may be excluded

Why Consider one of our 3 month Options

If your 3-month average supports your loan amount — and the program offers the best rate, terms, and conditions for your situation, we move forward with one of our 3-month programs.

Key Benefits:

Only 3 months of bank statements for income qualification
No tax returns, 4506-C, or W-2s required
Pre-underwriting review at no cost
No hard credit pull to explore options (soft inquiry available)
Works for jumbo and super jumbo loan sizes
Credit scores down to 640
Gift funds OK (5% max)
55% DTI OK with 6455% Debt-to-Inc
Gift Interest Only Available with 640 credit score

12-Month Bank Statement Programs

24-Month Bank Statement Programs

Jumbo Bank Statement Loans

Ready to get Started?

Apply today and see how our 3-Month Bank Statement Loan can work for you!

Available in the Following States:

3 Month Bank Statement Loan 90% LTV

02/25/2022 09/09/2025

Business Bank Statements or 3 Months Personal Bank Statements

Our 3 Month Program is the alternative to 6-month, 12-month and 24-month programs. We also have 1-month and 2-month options for credit scores > 700. Income combinations OK: Co-Borrower W2’s + 30 days most recent paycheck stubs. Asset depletion, etc. Minimum 620 credit score required for First Time Home Buyers to 80% LTV with 640 credit score OK.

Asset Depletion

Asset Depletion is also available for borrowers with significant liquid reserves with good to excellent credit. Eligible liquid asset sources: Checking Accounts, Savings Accounts, Stocks, Bonds, Mutual Funds, Certificates of Deposit, Trust Accounts, Retirement, Pending Sale of Real Estate, Money Market, etc.

Loan Scenario Form – Credit Check Not Required

Mortgage Origination Technique

We qualify borrowers using techniques for both income documentation and employment documentation, in order to favorably determine the borrowers’ actual qualifications. The unique 3 month loan program is for any self-employed borrower (including Sole Proprietors) that cannot qualify with the typical full 12 or 24 months of bank statements, for whatever reason. Details below

Self-Employed Income and Employment Documentation

* 3 Months Bank Statements Requires Minimum 720 FICO

* Liquid Assets for Asset Depletion (does not require relocation)

* Profit and Loss Statement Not Required

* New IRS Form 4506-C (previously 4506-T) Not Required

Eligible Employment Types

* Self Employed

* W2 Wage Earner Co-Borrower

* Real Estate Investor

Self-Employed Employment Verification (VOE)

* Business License or Business Certificate If Applicable

* CPA Letter or Equivalent Tax Professional

* lnternet Company Listings

Loan Amounts and Reserve Requirements

* $250,000 to $1,500,000 – 6 Months Subject Property PITIA

* $1,500,000 to $3,000,000 – 12 Months Subject Property PITIA + 3 Months for each additional REO

* $3,000,000 to $5,000,000 – 24 Months Subject Property PITIA + 6 Months for each additional REO

Loan Amounts and Cash Out

* $250,000 – $5,000,000

* $2,000,000 Maximum Cash Out

Eligible Occupancies

* Owner Occupied

* Owner Occupied and Investment (including Airbnb)

* Non-Owner Occupied

Eligible Property Types

* SFR – Attached and Detached

* 2 Units

* 4 Units

* Condominiums

* PUD’s

Credit Scores/LTV and Credit Event Seasoning Requirement

FICO Score 740 – 90% LTV

* Housing Event Seasoning: 3+ Years

* Mortgage/Rent Lates Allowed: One 30-day Lates – Previous 12 Months

FICO Score 720 – 85% LTV

* Housing Event Seasoning: 3+ Years

* Mortgage/Rent Lates Allowed: Two 30-day Lates – Previous 12 Months

FICO Score 700 to 80% LTV

* Housing Event Seasoning: 2+ Years

* Recent Mortgage Delinquency: Two 30-day Lates – Previous 12 Months

FICO Score 680 – 75% LTV

* Housing Event Seasoning: 2+ Years

* Recent Mortgage Delinquency: Two 30-day Lates – Previous 12 Months

FICO Score 660 – 70% LTV

* Housing Event Seasoning: 1+ Years

* Recent Mortgage Delinquency

* Recent Mortgage Delinquency: 1 90-day Lates

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Bank Statement Loan Options for Self-Employed

01/05/2022 07/25/2026

Bank Statement Alt Doc Options Available – 2026 Updates

We calculate your monthly income number (DTI purposes) before your loan is submitted to the underwriter based on either your previous 3 months, 6 months, 12- or 24- months bank statements. Saves time because it will be a clean loan, the way the underwriter likes it. Quicker turn times and happy borrowers. Interest rates are always important. Service is key. Mortgages can come with a lot of moving parts.

Personal and Business Bank Statements – Commingle

51% Minimum Business Ownership Required
Gift Funds OK to 85% with 5% (90% CLTV) Borrower Contribution
One Year Business History Required

Eligible Property Types:

Single Family Residences (SFR) (attached and detached)
2 Units
3 Units
4 Units
Condos
Non-Warrantable Condos (75% Max LTV)

Eligible Occupancies:

Primary / Owner-Occupied
Second /Vacation Homes
Investment Properties
ADU OK (5% LTV reduction) First Time Investors

Investor Service

First time investors can be eligible with no previous housing expense (rental history/mortgage payment) for the previous 12 months.

Rent free (no current housing expense (10% LTV reduction 680 credit middle score)

Available in the Following States:

Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

Six Alternative Income Verification Options

10/17/2021 10/19/2026

Bank Statement and Asset Depletion

Non-QM loan program uses bank statements In lieu of Traditional Income Documentation to determine a borrower’s Ability-to-Repay. Agency – government regulated. Non-QM is manually underwritten per investor guidelines as well as underwriter discretion.

Non-QM Income Documentation Options for the Self-Employed Borrower

Tax Returns not required; Form 4506-T (now Form 4506-C) not required for Self-Employed borrowers. Form 4506-C is required for W2 Wage Earners only. If W2 Income is mixed with Self-Employment bank statement income. Proof of Payment will be Required. Self-Employment is defined as >25% Ownership to qualify as “self-employed”.

Five Alt Doc and Five Reduced Doc Options

One Page Business Account with CPA or Borrower Prepared P&L Statement
Three Months Business Account statements or Personal Account statements
Twelve Months Business account statements or Personal account statements (6 month bank statement programs also available)
Twenty Four Months Business Account statements or Personal Account statements. Note: We can Co-Mingle Multiple Accounts when it make sense
Asset Depletion (Quantify Additional Qualifying Income), Asset-Based. Pledged Asset Portfolio Programs

Reduced Doc: (Unseasoned Job Profession History and Income)

1 Year Tax Returns – 600 Credit Score
1 Year W2 – 580 Credit Score
1 Year 1099 Only – 620 Credit Score

Business and Personal Bank Accounts: 100% of your Business and Personal, intermingled Accounts along with and unaudited, Borrower Prepared Profit and Loss Statement to help you qualify for an Alt Doc Bank Statement mortgage loan.

Maximum loan amount is $3,000,000 to 90% LTV and a maximum Cash Out (cash-in-hand) dollar Amount of $1,000,000. Loan Amount exceptions made to $10,000,000. Lenient DTI Guidelines to 55%. Exceptions to 60% DTI.

Liquid Reserves Requirement: 6 Months Reserves (Subject Property Housing Expense). Note: Cash Out Can be used to Meet Reserve Requirement.

Eligible Property Types:

SFR
PUD
1-2 Unit
2-4 Unit
Condo
Modular (15% LTV reduction)
Mixed Use

Available Terms:

30 Year Fixed
20 Year Fixed
15 Year Fixed
5/6 ARM
7/1 ARM
* Interest Only Available on both the ARM Product as well as the Fixed Rate Product!

Eligible Occupancy Types:

Owner-Occupied/Primary Residence
Primary Residence/Investment
Non-Owner-Occupied/Investment

Credit Event Seasoning Requirements for this Alt Doc Program

Bankruptcy – 24 Months
Foreclosures – 24 Months
Short Sale- 24 Months

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Jumbo Non-QM – Bank Statements or 1099 Only

08/05/2021 10/29/2026

New Jumbo Guidelines with Loan Amounts to $10,000,000

2026 Update:

Most Non-QM lenders require a 640 minimum credit score to qualify for 80% LTV Cash Out for refinance loans and 15% down payment purchase loan.

Loan amounts >$3,000,000 – 2 Appraisals Required. One Appraisal Required to $2,000,000

Self-Employed Borrowers and Non-QM Lenders

Non-QM lenders are designed for Self-Employed borrowers

Bank Statement Pre-Underwrite

The Pre-Underwrite Department can process/analyze (some lenders 1-, 2-, 3-, 6-, 12-, and 24 months with personal account bank statements so we have the income figured out and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, and disclosures.

Bank Statement Service

We can pre-underwrite your bank statements for you before the Underwriter sees them, to ensure we get the right Conditional Loan Approval (CLA).

Your Loan Officer analyzes the bank statements (and any Asset Depletion potential to supplement total income).

Broker Service and Bank Statement Analysis

After your Loan Officer reviews your statements: Loan Officer will either have questions for you regarding the statements; deposits, Income deposits, transfers to get clarity on how you run your business in terms of how you utilize your bank accounts in anticipation of any questions the lender rep (Wholesale Account Executive) will have for the loan officer before Underwriter Submission. To ensure a smooth loan, the lender rep will bring them to the actual underwriter along with a lender specific criterion, Income Worksheet, etc.

Submit pre-underwritten straight to underwriting along with standard documentation for Initial Submission

If you have Multiple Streams of Income and you process payment, funds/revenue (for whatever reason) differently depending on method of payment.

Loan Purpose | Minimum Credit Score | Maximum LTV:

Purchase Transactions – Minimum Credit Score: 660 Minimum Credit Score to 90% LTV
Refinance Transactions (Rate/Term) – Minimum Credit Score: 660 to Maximum LTV to 90%
Refinance Transactions (Cash Out) – Minimum Credit Score: 660 to Maximum to 85% LTV

Refinance Cash Out for Reserves Requirement – OK

Liquid Assets / Reserves (Months) Requirements
Reserve guidelines are favorable at 6 months. Additional reserves not required for additional REO.
Full Stock(s) value, bonds, and Vested Retirement.

No additional reserves needed for additional Real Estate Owned (REO), financed or not. Primary residence – No Limit on Financed Properties. Purchase, 90% LTV on Owner-Occupied, including Cash Out Refinance.

Underwriter Guides and Highlights

First Time Home Buyer (FTHB) – Yes to 80% LTV
Non-Occupant Co-Borrowers – Yes – Primary Borrower Debt-to-Income Ratio (DTI) cannot exceed 45%
Interest Only also Available
No Price-Add for 2-Units, 4-Units and Vacation/Second Homes

Lender also offers DSCR, where you qualify based on rental property, no tax returns or income required and will allow title in an LLC and can-do multiple loans for one borrower.

Current turn time in Underwriting – 24 Hours

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

California Hard Money Jumbo – 80% LTV

08/05/2021 09/03/2026

Jumbo and Super Jumbo – Cash-Out – 600 Credit Score

Second Mortgages also Available. Private Money Lender, southern California based with LTVs up to 80% on Investment properties all throughout California. Airbnb rental income, OK. Direct lender out of Irvine California focusing on value-add residential, commercial and Business Purpose mortgages.

Super Jumbo Loan Amounts to $30,000,000

For real estate investors looking for large-scale financing, 80% LTV Hard Money loans offer an attractive option. With loan amounts reaching up to $30,000,000, these loans are designed for high-value transactions, allowing investors to secure significant funding based on the loan-to-value ratio.

80% LTV Hard Money

The LTV is primarily determined by the borrower’s real estate experience, the type of transaction, and the location of the subject property, providing tailored solutions for seasoned investors.

Income – Assets – Employment

Hard money jumbo loans in California provide a flexible financing solution for real estate investors and high-net-worth borrowers. These loans do not require personal income verification, making them ideal for self-employed individuals or those with non-traditional income sources. Instead of relying on tax returns or pay stubs, lenders assess eligibility based on the borrower’s assets and property value, ensuring a streamlined approval process.

Borrowers can leverage liquid assets to secure reduced investor pricing and qualify for potential underwriter guideline exceptions. This approach allows greater flexibility in loan structuring, making it easier to access high-value financing without the stringent employment and income documentation requirements of traditional loans.

Loan Scenario Form – Credit Check Not Required

Eligible Property Types:

Single Family Residence Attached/ Townhome | Single Family Residence Detached (SFR-D) | 2-4 Units | 5+ Multi
Family Units | Condominiums (<4 stories) | PUD.

Available Terms:

Short-term 6-18 months. 2 year and 3 year, and 7 year ARMs are also available for long-term rental investors. Interest-Only (I/O) available on all terms. Pre-Payment options are available for reduced pricing.

Loan Program Benefits

Inhouse control: Servicing, Fund Control, 5-Day Close

Available in the Following States:

Exception-Based Non-Prime Loan

07/03/2021 08/27/2026

Unique Non-QM Lenders and Loans

We have many loan options, and we are poised to increase the buying power of the small to medium size business owner by utilizing industry tools, built into their proprietary mortgage Loan Origination Software (LOS) to make the escrow process smooth and rolling along in a timely fashion. We are closing Non-QM Alt Doc loans in 10-21 days.

Innovative Product and Service

Non-Prime solutions that other loan officers cannot. to individual W2 Wage Earner borrowers and Self-Employed business professionals or anyone else that has a complicated tax return can benefit from 1 or more of the following:

Purpose: Purchase/Refinance, Cash Out Refinance:

Maximum Loan Amount: $4,000,000
Cash Out: $1,500,000

Alt Doc and Reduced Doc Programs:

Bank Statements
1099 Only
Asset Depletion
No Doc
Reduced Doc

Bank Statement (months) Loan Options:

2 Month Business or Personal Account
3 Month Business or Personal Account
6 Month Business Account
12 Month Business or Personal – Commingle OK
24 Month Business or Personal – Commingle OK
Borrower Prepared Profit and Loss Statement

Eligible Employment Types:

Primary Borrower: Self Employed
Co-Borrower: Wage Earner/ W2

Eligible Business Types:

Corporation
LLC
Sole Prop

Employment Verification:

Business License
CPA Letter or Tax Professional stating Percentage of Ownership
Sellers License

Eligible Property Types:

SFR Single Family Residence – Detached
SFR Single Family Residence – Attached
Duplex, Triplex, 2-Unit, 3-Unit, 4-Unit, Condominiums

Eligible Occupancies:

Owner-Occupied
Non-Owner-Occupied Investment
Vacation Home

Available in the Following States:

Super Jumbo DSCR Investor Mortgage

06/17/2021 09/08/2026

Unconventional Real Estate Investor DSCR Loan Program

Designed for investors who prioritize cash flow over traditional income documentation, our DSCR (Debt Service Coverage Ratio) loan program offers flexible financing with a minimum credit score of 620.

Debt Service Coverage Ratio – 640 Minimum Credit Score

Perfect for jumbo and super jumbo properties, this program allows for purchase loans up to $4,000,000 and cash-out refinances up to $3,500,000. Max LTVs vary based on credit score, offering up to 85% LTV with a 700+ FICO for purchases, and up to 80% LTV for cash-out refinances. Ideal for experienced investors seeking to maximize leverage without full income verification.

Jumbo and Super Jumbo Loan Amounts – LTVs & Credit Scores:

Super Jumbo Purchase: $4,000,000

* 85% Loan-to-Value ~ 700 FICO

* 80% Loan-to-Value ~ 680 FICO

* 75% Loan-to-Value ~ 660 FICO

* 70% Loan-to-Value ~ 640 FICO

Super Jumbo Cash Out Refinance: $3,500,000

* 80% Loan-to-Value ~ 700 FICO

* 75% Loan-to-Value ~ 680 FICO

* 70% Loan-to-Value ~ 700 FICO

* 65% Loan-to-Value ~ 680 FICO

Super Jumbo Purchase: $3,500,000

* 75% Loan-to-Value ~ 700 FICO

* 70% Loan-to-Value ~ 680 FICO

* 65% Loan-to-Value ~ 660 FICO

* 60% Loan-to-Value ~ 640 FICO

Super Jumbo Cash Out Refinance: $3,000,000

* 70% Loan-to-Value ~ 700 FICO

* 65% Loan-to-Value ~ 680 FICO

Super Jumbo Purchase: $3,000,000

* 65% Loan-to-Value ~ 700 FICO

* 60% Loan-to-Value ~ 680 FICO

Super Jumbo Purchase: $2,500,000

* 85% Loan-to-Value ~ 700 FICO

* 80% Loan-to-Value ~ 680 FICO

Super Jumbo Cash Out Refinance: $2,500,000

* 80% Loan-to-Value ~ 700 FICO

* 75% Loan-to-Value ~ 680 FICO

Super Jumbo Cash Out Refinance: 1,000,000

* 80% Loan-to-Value ~ 700 FICO

* 75% Loan-to-Value ~ 680 FICO

Underwriter Loan Program Guideline Highlights:

* Maximum LTV 85% Purchase Transactions

* 80% Cash Out Refinance Transactions

* Maximum Loan Amount $15,000,000

* Rental Lease or Appraisal Form 1007

* DSCR – .5% – 1.5%

* Non Traditional Credit OK

* DTI – N/A

* Employment Types: No Job Needed

* Income Documentation Types: N/A

Reserves Requirements:

* Purchase 6 Months (PITI/PITIA) to 80% LTV or 3 Months to 75% LTV

* Cash Out – Not Required

Eligible Property Types:

* Single Family Residence (SFR)

* Condos – Warrantable

* No Condotels

Loan Scenario Form – Credit Check Not Required

Eligible Occupancies:

* Non-Owner/Investment Only

* Second/Vacation Homes – Not Eligible

Available Terms:

* ARM: 3 Year ARM, 5 Year ARM, and 7 Year ARM

* 40-year fixed Fully Am or Interest Only Options are Available with 660 Credit Score

Credit Criteria Requirements

Tradelines Requirements:

One – 36-Month payment history

Two – 24-month Previous History Open and Active

Credit Score Requirements

* 620 Minimum

“Housing Event” Credit Seasoning:

* Bankruptcy – 2 years required

* Foreclosure – 2 years required

* Short Sale – 2 years required

* Deed in Lieu – 2 years required

Underwriter Notes and Highlights:

* Mortgage Lates – 12 Months Seasoning

* First Time Home Buyers – OK

* Gift Funds OK with 5% Minimum Borrower Contribution from Family Immediate Member

* Rent-free housing history OK

* Pre-payment Penalty Options

* Investors: 15 financed Real Estate Owned (REO)

Available in the Following States:

Alabama, Arkansas, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Business Description for Bank Statement Loans

06/15/2021 08/27/2026

Bank Statement Program Business Description

One thing that you should know about qualifying or getting pre-qualified for a bank statement loan is the Non-QM lender will always require a Business Description upon underwriter submission or upon pre-underwrite submission. Some lenders call it a Business Narrative or Business Summary. Below are some of the typical criteria for Non-QM lender Business Narrative Letters.

Self-Employed Borrowers Business Descriptions and Information

Description of Business/Business Profile 2026

Owner Name(s):
Business Address(s):
Business Property Type (i.e., office, home-based, warehouse, etc.):
How many people do you have employed?
- Full Time:
- Part Time:
- Contractors:
Percentage of Company Ownership:8
Date Organized/years in business:

Business Product(s)/ Service(s)

Do you offer a service?
- If yes, please describe:
Do you manufacture a product?
- If yes, please describe:
Do you buy and then resell a product? Yes/No. If yes, please describe:

Income Documentation: Bank Statements

Do you utilize more than one bank account for business income?
Describe your business and provide details of how income is generated.
Do you offer a service?
- If yes, please describe:
Do you manufacture a product?
- If yes, please describe:
Do you buy and then resell a product? Yes/No. If yes, please describe:

Note: This information will help your loan officer summarize your business and structure your loan. To ensure favorable results and a smooth process, certain parts of your loan should be properly qualified early in the process for easier approval conditions and better time efficiency.

Loan Scenario Form – No Credit Check

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

Self Employed Borrowers

06/11/2021 09/05/2026

Self Employed Borrowers

Self-Employed and Verification of Employment Reduced Doc

Mortgage Service for self-employed borrowers. Being self-employed can make getting a mortgage can be difficult. Self-Employed borrowers sometimes have a multitude of income sources or companies making for a complicated tax return including tax write-offs.

Get Pre-Qualified for your Next Mortgage Without a Credit Check

How Can I Qualify for a Non-Qualified Mortgage Loan?

There are 2 critical areas in qualifying a self-employed borrower for an Alt Doc loan program, 1. income and 2, employment. It starts with a good Loan Officer who will know how to ask you the correct qualifying questions to best serve you.

How do Non-QM Mortgage Lenders Qualify My Self-Employed Income?

Confirmation of self-employment requires the existence of the business be verified with an active one-year history (reduced doc) or a two-year history. For a Bank Statement and 1099 Only program. The self-employed borrower whose income is being used for DTI qualification, the broker must document one of the borrowers has consistently been self-employed for the last 24 months to qualify for Alt loans or a minimum of 1 year to qualify for our Lite Doc programs

Contact a Loan Officer

Mortgage Pre-Qualification Form - No Credit Check

How Will a Non-QM Mortgage Lender Verify Employment

Different lenders have their own guidelines in terms of what constitutes a Verification of Employment (VOE). Third party verification is an accepted method of verification. Third-party verification would be a “CPA letter” or business license from a regulated agency or applicable license bureau are common ways to “verify employment”. All self-employed borrowers must provide a Business Description Narrative to include business name, percentage of ownership, business address, business type or industry, should describe business type (product, service or both) details on how income is generated, size of company and number of locations describing Property Type(s) (home office, office(s), number of years in existence, number of employees, etc.

Third Party Verification

Third Party can mean a variety of methods such as internet business listings.

CPA Letter Lender Required Criteria is as follows:

Business Name
Percentage of Ownership
Number of Years (Alternative Doc: 2 years. Lite Doc: 1 year) in Business Existence
Professional Tax Preparer Company Letterhead

Note: Certain lenders require the underwriter document all third-party employment verification sources of the self-employed borrower’s company within 15 days of the note date. Some lenders do not.

Alternative Income Documentation

Contact a Loan Officer

Non Qualified Mortgage Lending

Credit Score Tools

Self-Employed and Verification of Employment Reduced Doc

Get Pre-Qualified for your Next Mortgage Without a Credit Check

Contact a Loan Officer

How Can I Qualify for a Non-Qualified Mortgage Loan?

How do Non-QM Mortgage Lenders Qualify My Self-Employed Income?

Any qualifying income that can be sourced from an S corporation or LLC and Partnerships should include a valid Secretary of State documentation website listing. Active and in good standing. For 1099 sole Proprietors in an industry that requires a license also be verified from a license authority confirmation must license is active directions. Examples of common business licenses include, but are not limited to, state or local tax licenses, City business licenses, professional licenses for borrower in the fields of Real Estate, construction, law, medical industry, Etc.

How Long Must I be Self-Employed

How Will a Non-QM Mortgage Lender Verify Employment

Third Party Verification

Third Party can mean a variety of methods such as internet business listings.

CPA Letter Lender Required Criteria

Business Name

Percentage of Ownership

Number of Years (Alternative Doc: 2 years. Lite Doc: 1 year) in Business Existence

Professional Tax Preparer Company Letterhead

Note: Certain lenders require the underwriter document all third-party employment verification sources of the self-employed borrower’s company within 15 days of the note date. Some lenders do not.

Available in the Following States

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, 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

Stated Income Home Loans

Self-Employed Mortgages

Credit Score Tools

Non-QM Super Jumbo Alt Doc

06/03/2021 11/15/2025

Jumbo Bank Statement Program – 620 Credit Score

Self-Employed including Sole Proprietor 1099 Independent Contractors as well as W2 Commission Professionals. Now you can also use your 1099(s) for to qualify (sole proprietor) as additional income/”ability to repay”

3 Bank Statement mortgage options that provide flexibility for business owners that utilize both their personal account and Business account for business expenses, income deposits, transfer activity. In addition, this program also offers a P&L Only Program, also for self-employed borrowers. Interest only term flexibility. too.

Alternative Documentation Options Super Jumbo to $10,000,000

* 6-, 12- or 24-Months Bank Statements from Multiple Accounts – OK

* Profit & Loss (P&L Statement) Statement Only

* Self-Employed Only defined by percentage of ownership >25%

Maximum Loan Amounts /Loan-to-Value (LTV) and Credit Score:

620 Credit Score

Purpose	Loan Amount	LTV
Purchase or Rate/Term	$2,500,000	75%
Cash Out Refinance	$2,000,000	70%

640 Credit Score

Purpose	Loan Amount	LTV
Purchase or Rate/Term	$3,000,000	75%
Cash Out Refinance	$2,500,000	70%

660 Credit Score

Purpose	Loan Amount	Loan Amount / LTV
Purchase or Rate/Term	$4,000,000	80%
Cash Out Refinance	$3,500,000	75%

680 Credit Score

Purpose	Loan Amount	LTV
Purchase or Rate/Term	$5,000,000	85%
Cash Out Refinance	$4,500,000	75%

700 Credit Score

Purpose	Loan Amount	LTV
Purchase or Rate/Term	$6,000,000	90%
Cash Out Refinance	$5,500,000	85%

720 Credit Score

Purpose	Loan Amount	LTV
Purchase or Rate/Term	$7,000,000	85%
Cash Out Refinance	$6,500,000	80%

740 Credit Score

Purpose	Loan Amount	LTV
Purchase or Rate/Term	$8,000,000	80%
Cash Out Refinance	$7,000,000	75%

760 Credit Score

Purpose	Loan Amount	LTV
Purchase or Rate/Term	$10,000,000	75%
Cash Out Refinance	$9,00,000	70%

General Guidelines & Highlights

Eligible Occupancies:	Eligible Property Types:
* Owner-Occupied	* Single Family Residence (SFR)
* Owner-Occupied/ Investment	* 1-4 Unit
* Non-Owner-Occupied/ Investment	* Condos (<5 stories) <5% LTV
* Short Term Rental – OK (Airbnb..)	* Condotels 65% LTV

Eligible Borrowers:	Available Terms:
* Permanent Resident Aliens	* Fixed: 30-year and 40-year
* Foreign Nationals	* ARM: 3-year, 5-year, and 7-year ARMs
* Non-Permanent Resident Aliens	(Interest Only options available)
* US Citizens	* Condotels 65% LTV

Credit Notes:

This program does not allow for any mortgage lates and requires 36 months seasoning since the last major credit event, such as bankruptcy, Foreclosure, Short Sale, Deed-in-Lieu.

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Bank Statement Loan to 75% LTV 620 Credit Score

04/28/2021 11/10/2026

Six Alternative Income Verification Options

This 3 month, 6 month, 12 month, or 24 month bank statement Non-QM loan program uses bank statements in lieu of Traditional Income Documentation to determine a borrower’s Ability-to-Repay. Agency – government regulated. Non-QM is manually underwritten per investor guidelines as well as underwriter discretion.

Alternative Non-QM Income Documentation Options for the Self-Employed Borrower

Self-Employed Tax Returns not required; Form 4506-C not required. Form 4506-C is also not required for Self-Employed borrowers. Form 4506-C is required for W2 Wage Earners only. If W2 Income is Mixed with Self-Employment Bank Statement Income. Proof of Payment will be Required. Self-Employment defined as >25% Ownership to qualify as “self-employed”.

Bank Statement and Asset Depletion

3 Alt Doc and 3 Reduced Doc

12 Months Business Account statements or Personal Account statements (6 month bank statement programs also available)
24 Months Business Account statements or Personal Account statements. Note: We can Co-Mingle Multiple Accounts when it makes sense
Asset Depletion (Quantify Additional Qualifying Income), Asset-Based. Pledged Asset Portfolio Programs Also available.

Reduced Doc: Unseasoned Job/Profession History and Income

Loan Scenario Form- No Cost – No Credit Check *

1 Year Self-Employed and Co-Borrower W2 Wage Earner

Examples of Reduced Doc Alt Doc programs:

1 Year Tax Returns – 600 Credit Score
1 Year W2 – 580 Credit Score
1 Year 1099 Only – 620 Credit Score

Liquid Reserves Requirement: 6 Months Reserves (Subject Property Housing Expense). Note: Cash Out Can be used to Meet Reserve Requirement. Gift funds allowed.

Maximum loan amount is $3,000,000 to 90% LTV and a maximum Cash Out (cash-in-hand) dollar Amount of $1,000,000. Loan Amount exceptions made to $10,000,000. Lenient DTI Guidelines to 55%. Exceptions to 60% DTI.

Eligible Property Types

SFR, PUD, 2 Unit, 4 Unit, Condo, Modular, Mixed Use, and Specialty Homes

Eligible Occupancies

Owner-Occupied/Primary Residence
Second/Vacation Home
Non-Owner-Occupied/Investment Property

Available Terms

30 Year Fixed
15 Year Fixed
5/6 ARM
7/1 ARM

Interest Only Available on both the ARM Product as well as the Fixed Rate Product!!

Credit Notes

Traditional Credit Only
Credit Rescore to Qualify for More Loan (or a Better (more suitable) Loan Program: Terms, Pricing, Conditions, etc.

Credit Event Seasoning Requirements for this Alt Doc Program

Bankruptcy – 24 Months
Foreclosures – 24 Months
Short Sale – 24 Months

Available in the Following States:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

DSCR – Real Estate Investor Program to $10,000,000

03/17/2021 11/05/2026

Employment is not required for DSCR qualification. Income is generally documented using rental leases or an appraisal-based market rent analysis rather than traditional personal income documentation. Debt-to-income ratio is not applicable because qualification is based on property cash flow. This program is available for purchase, rate-and-term refinance, and cash-out refinance transactions.

Income Documentation – None | No Ratio

This Alt Doc loan program is for buyers that have extraordinary or unconventional income and documentation including self-employed borrowers and fixed income along with previous credit challenges due to inconsistent employment, foreclosure, bankruptcy, short sale, divorce, and or health issues.

This loan program is specifically designed to bridge the gap and resolve the problem that prevents good borrowers from obtaining mortgage credit. Manual underwriting through intelligent guidelines brings forth opportunity of home ownership to borrowers of all kinds

DSCR Credit Score, LTV and Reserve Requirement

Loan Amount: $1,500,000

Minimum Credit Score	Loan-to-Value	Reserves
720	85% LTV	3 Months Reserves
700	80% LTV	3 Months Reserves
680	75% LTV	3 Months Reserves
660	70% LTV	6 Months Reserves
640	65% LTV	6 Months Reserves
620	60% LTV	9 Months Reserves
600	55% LTV	9 Months Reserves

Loan Amount: $2,000,000

Minimum Credit Score	Loan-to-Value	Reserves
720	85% LTV	3 Months Reserves
700	80% LTV	3 Months Reserves
680	75% LTV	6 Months Reserves
660	70% LTV	6 Months Reserves
640	65% LTV	9 Months Reserves
620	60% LTV	9 Months Reserves
600	55% LTV	9 Months Reserves

Loan Amount: $2,500,000

Minimum Credit Score	Loan-to-Value	Reserves
720	85% LTV	3 Months Reserves
700	80% LTV	3 Months Reserves
680	75% LTV	6 Months Reserves
660	70% LTV	9 Months Reserves
640	65% LTV	9 Months Reserves
620	60% LTV	12 Months Reserves

Loan Amount: $3,000,000

Minimum Credit Score	Loan-to-Value	Reserves
720	85% LTV	6 Months Reserves
700	80% LTV	6 Months Reserves
680	75% LTV	9 Months Reserves
660	70% LTV	12 Months Reserves
640	65% LTV	12 Months Reserves

Loan Amount: $3,500,000

Minimum Credit Score	Loan-to-Value	Reserves
720	80% LTV	9 Months Reserves
700	75% LTV	9 Months Reserves
680	70% LTV	12 Months Reserves
660	65% LTV	12 Months Reserves
640	60% LTV	18 Months Reserves

Loan Amount: $4,000,000

Minimum Credit Score	Loan-to-Value	Reserves
720	75% LTV	12 Months Reserves
700	70% LTV	12 Months Reserves
680	65% LTV	18 Months Reserves
660	60% LTV	18 Months Reserves

Cash Out Refinance Loans

Loan Amount: $1,500,000

Minimum Credit Score	Loan-to-Value	Reserves
720	80% LTV	6 Months Reserves
700	75% LTV	6 Months Reserves
680	70% LTV	9 Months Reserves
660	65% LTV	12 Months Reserves

Loan Amount: $2,000,000

Minimum Credit Score	Loan-to-Value	Reserves
720	75% LTV	6 Months Reserves
700	70% LTV	6 Months Reserves
680	65% LTV	9 Months Reserves
660	60% LTV	12 Months Reserves

Loan Amount: $2,500,000

Minimum Credit Score	Loan-to-Value	Reserves
720	75% LTV	12 Months Reserves
700	70% LTV	12 Months Reserves
680	65% LTV	18 Months Reserves
660	60% LTV	18 Months Reserves

Loan Amount: $3,000,000

Minimum Credit Score	Loan-to-Value	Reserves
720	75% LTV	12 Months Reserves
700	70% LTV	12 Months Reserves
680	65% LTV	18 Months Reserves
660	60% LTV	18 Months Reserves

Loan Amount: $3,500,000

Minimum Credit Score	Loan-to-Value	Reserves
720	70% LTV	12 Months Reserves
700	65% LTV	18 Months Reserves
680	60% LTV	18 Months Reserves

Loan Amount: $4,000,000

Minimum Credit Score	Loan-to-Value	Reserves
720	70% LTV	18 Months Reserves
700	65% LTV	24 Months Reserves
680	60% LTV	24 Months Reserves

Loan Amount: $4,500,000

Minimum Credit Score	Loan-to-Value	Reserves
720	70% LTV	36 Months Reserves
700	65% LTV	36 Months Reserves
680	60% LTV	36 Months Reserves

Loan Amount: $10,000,000

Minimum Credit Score	Loan-to-Value	Reserves
760	65% LTV	48 Months Reserves
740	60% LTV	48 Months Reserves

Eligible Property Types:

Single Family Residence (SFR)
2 Unit
4 Unit
Condos Not Allowed

Credit Criteria Notes:

Mortgage or Rent Late Payments – 2- 30-day lates previous 12 months
Bankruptcy Seasoning – 12 Months Seasoning
Foreclosure Seasoning – 12 Months Seasoning
Short Sale Seasoning – 12 Months Seasoning
Deed-in-Lieu Seasoning – 12 Months Seasoning

Underwriter Notes:

Maximum Purchase LTV – 85%
Maximum Cash Out LTV – 80%
Minimum Credit Score – 600
Interest-Only Available
3 Year Prepayment Penalty available for lower interest rate
Cash Out for Debt Consolidation – OK
Cash Out cannot be used for reserve requirements
Business Entity Title (LLC) OK
Permanent Resident Aliens OK
Gift OK – requires at least 5% borrower contribution from own 2 month seasoned funds
Seller Concessions to 5% Non-Occupant Co-Borrower – OK

Eligible Occupancies:

Owner-Occupied
Vacation Homes

Available Terms:

ARM’s – 3 Year, 5 Year
Fixed – 15 Year, 20 Year, and 30 Year
Interest-Only Available

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Missouri, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

Non-QM Bank Statement Loan Program

03/15/2021 07/25/2026

Prime and Non-Prime Bank Statement Options

Portfolio Direct Lender is a direct lender with their own self-Employed borrower portfolio of loan products and programs, and they make their own Non-QM and Non-Prime manual underwriting decisions.

Some Portfolio lenders can also be the bank and servicer that lends their own money as well as a portfolio they contribute to or commit to a predetermined lender service term.

Credit Leniency and Underwriter Discretion

Major credit events only require 2 years of seasoning. Mortgage lates OK not to exceed 3 x 60 x 24 (6-60-day late’s, including “rolling late’s”), within the previous 24-month time period. Or 3 x 30 x 12 (3-30-day lates, including “rolling late’s”), within the most recent, previous 12-month time period. Never-the-less, borrowers are seen as people and people are considered individuals.

Lender Solutions and Niche Loan Products

This loan program works well for borrowers that fall outside the standard Non-QM box with credit scores as low as 600 and minimal tradelines required.

LTV% /Loan Amount /Credit Score Matrix

90% LTV to $2,500,000 – 630 FICO
90% LTV to $3,000,000 – 650 FICO
90% LTV to $3,500,000 – 670 FICO
85% LTV to $4,000,000 – 690 FICO

Bank Statement Documentation and Bank Statement Deposits

Bank Statement Income Documentation Options

12 Month Personal or Business Bank Statements
24 Month Personal or Business Bank Statements
1099 Only for Sole Proprietors / Independent Contractors
Asset Based Feature for Additional Qualifying Income (Higher LTVs, Higher Loan Amounts)

Maximum Debt-to-Income Ratios 55% DTI

55% DTI to $2,000,000
50% DTI to $2,500,000
43% DTI to $3,000,000
38% DTI to $3,500,000

Eligible Property Types

Single Family Residence (SFR)
2-Unit – $2,500,000 Max Loan Amount
4-Unit – $2,000,000 Max Loan Amount

Eligible Occupancies

Owner-Occupied/Primary Residence
Second Home to 85% LTV
Non-Owner-Occupied/Investment

Available Terms

15 Year Fixed – Interest Only Allowed
30 Year Fixed Interest-Only Allowed
40 Year Fixed and Interest-Only Allowed

Additional Underwriting Highlights

Non-Occupant Co-Borrowers – Allowed
First Time Buyers OK
Non-Permanent Resident Aliens – OK

Loan Scenario Form – Credit Check Not Required

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.

Non-QM Super Jumbo Mortgage Loans

03/11/2021 08/25/2026

Non-QM Alt Doc Bank Statement Loans to $10,000,000

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

Non-QM loans are not subject to stringent guidelines and government regulation, rather, they fall under what is called an Ability to Repay Rule (ATR). We have a plethora of the best QM and Non-QM lenders and loan programs for this very reason, to accommodate individuals by matching you, the borrower with the best possible loan program to suit their specific needs.

Qualified Mortgages (QM) and Non-Qualified (Non-QM)

So, at the end of the day, a rule as a whole cannot be quantified like specific government requirements. All loans are manually underwritten affording us the ability to apply intelligent underwriting decisions.

These types of borrowers often have strengths within their total credit profile such as exceptional credit scores, significant liquid reserves, strong equity position, etc.

Underwriter Overview:

Purpose: Purchase, R/T and Cash Out
Maximum Loan Amount – $15,000,000
Cash Out to $2,500,000

Credit Scores and Credit Criteria

Minimum Credit Score – 600

Non-QM Income Documentation

Income – Bank Statements or 1099’s
Employment – CPA Letter

Liquid Reserve Requirements

6 Months + 6 months for each additional property financed.

Eligible Occupancies:

Owner-Occupied
Investment
Second Home
Land loans

Available Terms: such as 5-, 7-, and 10-year ARM’s. 125, 20, 30, and 40 years fixed rate with Interest-Only options included. Prepayment penalties available on Non-Owner/Investment

Eligible Property Types:

SFR
1-2 Units
1-4 Units

Gift Money and seller concessions – OK

Income Documentation – None | No Ratio

Reserves – 6 Months not including Cash Out Refinance

Non-Prime Value

This Non-Prime loan program is specifically designed to bridge the gap and resolve the problem that prevents good borrowers from obtaining mortgage credit. Manual underwriting through intelligent guidelines brings forth the opportunity of home ownership to borrowers of all kinds.

Minimum Mortgage Credit Score – 620

Loan Purpose:

Purchase
Rate/Term Refinance
Cash Out Refinance
LTV’s:
75% Maximum for Purchase and Rate and Term
Cash Out to 70% LTV

Occupancies:

Owner-Occupied
Vacation Homes

Available Terms:

ARM’s – 3 Year, 5 Year
Fixed – 15 Year, 20 Year, and 30 Year
Interest-Only Available

Gift Funds – OK

Non-Occupant Co-Borrower – OK

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Non-Prime True No Doc Mortgage Program

03/11/2021 08/14/2026

This Alt Doc loan program is for buyers that have extraordinary or unconventional income and documentation including self-employed borrowers and fixed income along with previous credit challenges. Manual underwriting through intelligent guidelines.

Debt-to-Income Ratio Not Considered. Equity Driven Product

Unlike traditional mortgages, the no doc mortgage loan program does not consider the debt-to-income (DTI) ratio. It is an equity-driven product, focusing on the borrower’s credit score and the property’s value.

Loan Purpose Equity Driven Product

* Purchase & Rate/Term & Cash Out Refinance

* Purchase to 80% LTV

* Rate/Term Refinance – 80% LTV

* Cash Out Refinance – 75% LTV

Minimum Credit Score – 680

A strong credit score reassures lenders of the borrower’s creditworthiness. The higher your credit score is, the more options we can provide to you.

Income Documentation Not Required

No Doc mortgages offer a simplified alternative to providing your income documentation. This program is particularly advantageous for individuals with unconventional income sources or those who prefer not to disclose their adjusted gross income..

Eligible Occupancies:

* Owner-Occupied

* Non-Owner Occupied

* Vacation/Second Homes

Available Terms:

* ARMs – 3 Year, 5 Year

* Fixed – 15 Year, 20 Year, and 30 Year

* Interest-Only Available (30 or 40 year Am. 15 year I/O period then rolls into 30-year fixed).

Underwriter Notes:

* Gift Funds – OK

* Non-Occupant Co-Borrower – OK

Loan Scenario Form – Credit Check Not Required

Non-Prime – No Income and No Employment

DTI up to 60% (back-end DTI) – total monthly payment sum divided by your total monthly payments (as they appear on your credit report (including REO portfolio). Use minimum payment on credit cards/revolving account) Example, if your monthly payment(s) is $10,000 and your income is $21,000, your back-end DTI (Debt-to-Income ratio) = 47.6%.

Following are a Few Underwriting Guideline highlights:

* Verification of employment and Income Requirements

* Liquid Assets & Reserves – Not Required

* 85% LTV Jumbo Financing $6,000,000

* Super Jumbo Options – $20,000,000 Loan Amounts

* Bank Statement Income Option Available to 90% LTV Financing

Major Derogatory Credit Seasoning Requirements:

* Bankruptcy – 3 years

* Bankruptcy/Foreclosure – 2 years (if not included in a bankruptcy)

* Short Sale- 2 years

* Debt Ratio Very Flexible to 55% DTI

* Prepayment Penalties Available or More Favorable Rate and/or Pricing

Favorable Terms, Pricing and Approval Conditions – Asset Depletion – liquid asset statements can almost always be utilized in conjunction for more favorable terms, conditions, and pricing – interest rates, points (0-point options too), etc.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

1 Year Full Doc Loan Program – Reduced Employment Documentation

03/10/2021 08/28/2026

The 1 Year Alt Doc Loan Program provides a reduced-documentation mortgage option for both W-2 wage earners and self-employed borrowers who may not qualify using traditional two-year income documentation.

The program generally requires only one year of income documentation while allowing loan amounts up to $4,000,000, LTVs up to 85%, and credit scores starting at 620.

1099-only and bank statement income documentation programs may also be available for borrowers who require alternative income qualification.

All Lite Doc and Reduced Doc loan options require a completed Form 4506-C covering the previous one-year period.

One Year Income Documentation Requirements

Depending on the borrower and income source, qualifying documentation may include:

One year of personal and business tax returns with all applicable schedules
Year-to-date Profit and Loss Statement or balance sheet beginning the month following the most recent tax return
Tax filing extensions may be considered on a case-by-case basis
Income should generally be stable or increasing
Distribution income permitted
Rental income may be considered without Schedule E
Trust income permitted
Bank statement income documentation options available

1 Year Alt Doc Credit Score and LTV Requirements

Qualification is based in part on credit score, loan-to-value ratio, and requested loan amount.

Credit Score/ Loan-to-Value/ Loan Amount Matrix:

Credit Score	Loan-to-Value	Loan Amount
620	70% LTV	$1,500,000
640	75% LTV	$2,000,000
660	80% LTV	$2,500,000
680	75% LTV	$3,000,000
700	80% LTV	$3,500,000
720	85% LTV	$4,000,000

Maximum financing is subject to occupancy, property type, underwriting, and other program requirements.

Reduced Employment Documentation for Self-Employed Borrowers

Self-employed borrowers may qualify using reduced employment verification rather than extensive traditional employment documentation.

A letter from a qualified tax professional, such as a Certified Public Accountant (CPA) or Enrolled Agent (EA), may be used to document the business and self-employment history.

CPA or Tax Professional Letter Requirements

The letter should generally include:

Borrower’s percentage of business ownership
Tax professional’s regulatory or licensing status
Confirmation of at least two years of self-employment
Business name
Business physical address

1 Year Alternative Doc Loan Program Guidelines

Key underwriting guidelines include:

Maximum loan amount: $4,000,000
Maximum LTV: 85%
Minimum credit score: 620
Minimum reserves: 3 months PITIA for the subject property
Maximum investment property LTV: 75%
Maximum DTI: 50%
DTI exceptions may be considered up to 55%
Gift of equity from an immediate family member permitted

Eligible Property Types

Eligible properties may include:

Single-family residences
2-unit properties
4-unit properties
Condominiums

Available Loan Terms

Available financing terms include:

15-year fixed
30-year fixed
40-year fixed
3-year ARM
5-year ARM
7-year ARM
10-year ARM
Interest-only option available with the 40-year term

Alternative Income Documentation Options

Borrowers who do not fit the one-year full documentation requirements may have additional Non-QM income documentation options available, including:

1099-only income programs
Bank statement loans
Other reduced-documentation mortgage programs

These alternatives can be useful for self-employed borrowers, independent contractors, business owners, and borrowers whose taxable income does not accurately reflect their qualifying cash flow.

Prequalification Without a Credit Check

Borrowers can submit their income, property, credit score, and loan details for an initial program review without requiring an upfront credit check.

Loan Scenario Form – Credit Check Not Required

States Where the Program Is Available

The 1 Year Full Doc Loan Program is available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

One Month Bank Statement Loan Program

03/09/2021 09/05/2026

1 Month Bank Statement Loan for Self-Employed Borrowers

This 1-Month Bank Statement Loan is a convenient solution for self-employed individuals seeking flexible income documentation. This Non-QM program relies heavily on the borrower’s credit history, offering a simplified qualification process. With a 50% debt-to-income (DTI) ratio and no requirement for cash reserves, it eliminates the need for traditional tax transcripts like the 4506-T or 4506-C forms.

Non-Qualified Mortgage Program

Designed for borrowers who need alternative income verification, this program streamlines the approval process while maintaining competitive terms. If you’re self-employed and looking for a straightforward way to secure financing, this loan option could be the perfect fit.

1 Month Bank Statement Loan: Flexible Financing up to 85% LTV

The 1-Month Bank Statement Loan can be a solution for self-employed borrowers, allowing income verification through a single month’s bank statement. With loan-to-value (LTV) ratios up to 85%, this program offers significant borrowing power with minimal documentation.

The Income is stated and is not calculated (No Ratio) from the One-Month Bank Statement. The main Bank Statement Qualifying Criteria is the Account 1) must end in a positive balance with no NSF’s.

Self-Employed – Non-QM One Month Bank Statement Program

This One-Month Bank Statement Program is Weighed Almost Entirely on the Credit History of the Borrower and Again is Stated with a 50% Debt-to Income (DTI) Ratio and Cash Reserves are not required. No 4506-T form means no tax transcripts. Form 4506-C now not required

What is a 1-Year VOE?

One Year VOE means your qualifying criteria is based only on the one, most recent year period instead of the standard two-year history. Qualifying in terms of income and of the One Year the method of verification can be a little inconvenient.

Verification of Employment

One of the most critical parts of the approval criteria for a Non-QM loan alt doc program is the official Verification of Employment. 2-year history does need to be verified and is often very easy and convenient when done properly with the ideal method via any of the following:

Verification of Employment (VOE) Options

Business License
CPA Letter
EA (Enrolled Agent) Letter
Articles of Incorporation
Articles of Business Organization
Government Agency Certificate
Sellers License
4506-C Not Required

Purpose: Purchase, Rate/Term and Cash Out for Single Family Residence

Jumbo Loan Amounts: $4,000,000 – Owner-Occupied Only:

Credit Score 620 – Purchase: 70% LTV to $750,000, Cash-Out Refinance: 65% LTV to $500,000
Credit Score 640 – Purchase: 70% LTV to $1,000,000, Cash-Out Refinance: 65% LTV to $1,000,000
Credit Score 660 – Purchase: 75% LTV to $2,000,000, Cash-Out Refinance: 70% LTV to $1,500,000
Credit Score 680 – Purchase: 80% LTV to $2,500,000, Cash-Out Refinance: 75% LTV to $2,000,000
Credit Score 700 – Purchase: 85% LTV to $3,000,000, Cash-Out Refinance: 80% LTV to $2,500,000
Credit Score 720 – Purchase: 85% LTV to $3,500,000, Cash-Out Refinance: 75% LTV to $3,000,000
Credit Score 740 – Purchase: 90% LTV to $4,000,000, Cash-Out Refinance: 80% LTV to $3,500,000

Eligible Property Types:

Single Family Residence – Attached (SFR)
Single Family Residence – Detached (SFR)

Credit Report Requirements:

Clean mortgage history – 5 years seasoned (24-month history verification)
Minimum Credit Score – 620

Depth Criteria:

Two open account tradelines >1 year seasoning
One open account tradeline >3 years seasoning

“Housing Event” Seasoning Requirements:

Charge-offs, collections, tax liens – 1 day
Bankruptcy
Chapter 7 – 12 months
Chapter: 13 – 24 months
Foreclosure – 24 months
Short Sale – 24 months
Deed-In-Lieu – 24 months
Consumer Credit Counseling – 24 months

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maine, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

1 Month Business or Personal Bank Statements

03/09/2021 08/20/2026

Non-QM loan for self-employed borrowers looking for a flexible home loan option without traditional income verification?

The 1-Month Bank Statement Mortgage Program is a Non-QM loan ideal for self-employed borrowers, entrepreneurs, and business owners who don’t receive regular W-2 income.

This loan program allows income to be stated rather than calculated, with no tax returns or pay stubs required.

Key Features of the 1-Month Bank Statement Mortgage

No NSF Activity: Bank account must end with a positive balance and no non-sufficient funds (NSF) events
Minimum Credit Score: 680
Loan Types Available: Jumbo & Super Jumbo
Income Verification: Stated income based on one month of bank statements
Debt-to-Income (DTI): Up to 50% allowed
Cash Reserves: Not required
Tax Documents: No 4506-T or 4506-C form required
Credit-Based Approval: Heavily weighted on borrower’s credit history

What Is a 1-Month Bank Statement Mortgage?

This alternative documentation loan allows borrowers to qualify using only the most recent month’s business or personal bank statement. It’s ideal for self-employed individuals who prefer not to provide two years of tax returns or detailed financial statements.

One-Year VOE (Verification of Employment) is typically required instead of a two-year employment history, offering a faster and more streamlined process.

Income Documentation Requirements

This Non-QM mortgage program relies on minimal paperwork. Instead of standard income verification, lenders consider:

A single month’s business or personal bank statement
Strong credit profile
No tax transcripts or IRS forms required
No cash reserve requirement in most cases

Acceptable Employment Verification Documents

To qualify, you’ll need to verify at least one year of self-employment using one of the following:

Valid Business License
CPA Letter confirming self-employment
Enrolled Agent (EA) Letter
Articles of Incorporation or Articles Business Organization
Government Agency Certificate
Seller’s License

Contact us today to learn how a 1-Month Bank Statement Mortgage can help you qualify for your next home loan — without the hassle of traditional income documentation.

Available in the Following States:

Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Non-QM | Non-Prime Loan Programs

01/27/2021 05/26/2026

Non-Prime Mortgage Lender Programs and Highlights

Independent contractor mortgage borrowers can now use their 1099 forms to qualify as additional income, demonstrating their ability to repay. This is particularly beneficial for sole proprietors seeking mortgage approval. By including 1099 income, independent contractors enhance their financial credibility for mortgage lenders.

5,000,000 Maximum Loan Amount

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

Non-Prime Alt Doc, Lite Doc, No Doc, and No Ratio

Alt Doc: (Form 4506-C Not Required)

580 Middle Credit Score* One Day After Foreclosure Finalization Date – OK
- Credit Score Model 2, 4 or 5
- One Day After Foreclosure Finalization Date – OK
- Tradeline Requirements. -Call your Loan Officer (800) 718-8906

Lite Doc: Two Months Bank Statements (No Form 4506-C)

620 Middle Credit Score (model 2, 4 or 5)
- 90% LTV up to $3,000,000 Maximum Loan Amount
- One Year Tax Return: 620 Middle Credit Score (model 2, 4 or 5)
  - 90% LTV up to $3,000,000 Maximum Loan Amount

VVOE (verbal verification of employment):

640 Middle Credit Score (model 2, 4 or 5)
- 12 Month Employment Documentation History (4506-C not required)
- 12 Months Bank Statements: 600 Middle Credit Score (model 2, 4 or 5)
  - 90% LTV to $3,500,000 Maximum Loan Amount
  - 85% LTV up to $4,000,000 Maximum Loan Amount

Investment Property Programs

DSCR (debt service coverage ratio): 620 Middle Credit Score (model 2, 4 or 5)
- 85%% LTV (rate and term) and 80% LTV (cash out refinance) up to $5,000,000 Maximum Loan Amount
Foreign National Investors: Any Credit Score/Credit Score Not Required
- 80% LTV to $3,500,000
Maximum Loan Amount $5,000,000 & Tax Returns Not Required

Non-Prime No Doc (No Ratio) Programs (Form 4506-C Not Required)

No Income Documentation
Purchase or Refinance with Cash Out: 740 Middle Credit Score (model 2, 4 or 5) – 70% LTV to $2,500,000 Maximum Loan Amount | Owner Occupied/ Primary Residence
Foreign National: 600 Middle Credit Score (model 2, 4 or 5) – 90% LTV to $3,500,000 Maximum Loan Amount | No Tax Returns Not Required | Form No 4506-C Not Required.

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Bank Statements Jumbo Mortgage

01/07/2021 10/14/2026

3 Months Business Bank Statements or Personal Bank Statements

Update: The 3 month personal account statements require 2 months business bank statements to support.

Asset Depletion

Mortgage Origination Technique

Self-Employed Income and Employment Documentation

3 Months Bank Statements – 620 FICO
Liquid Assets for Asset Depletion (does not require re-location)
Profit and Loss Statement Not Required
New IRS Form 4506-C (previously 4506-T) Not Required

Employment Verification Options (VOE)

Business License or Business Certificate If Applicable
CPA Letter or Equivalent Tax Professional
Internet Company Listings

Loan Amounts and Reserve Requirements

$250,000 to $1,500,000 – 6 Months Subject Property PITIA
$1,500,000 to $3,000,000 – 12 Months Subject Property PITIA + 3 Months for each additional REO
$3,000,000 to $5,000,000 – 24 Months Subject Property PITIA + 6 Months for each additional REO

Loan Amounts and Cash Out

$250,000 to $2,500,000
$2,00,000 Maximum Cash Out

Eligible Occupancies

Owner Occupied
Owner Occupied and Investment (including Airbnb)
Non-Owner Occupied

Eligible Employment Types

Self Employed
W2 Wage Earner Co-Borrower
Real Estate Investor

Eligible Property Types

SFR – Attached and Detached
2 Units
4 Units
Condominiums
PUDs

Credit Event Seasoning Requirement and Credit Scores

FICO Score 700
- Housing Event Seasoning: 4+ Years
- Mortgage/Rent Lates Allowed: One 30-day Lates – Previous 12 Months

FICO Score 680
- Housing Event Seasoning: 3+ Years
- Mortgage/Rent Lates Allowed: Two 30-day Lates – Previous 12 Months

FICO Score 660
- Housing Event Seasoning: 2+ Years
- Recent Mortgage Delinquency: Two 30-day Lates – Previous 12 Months

FICO Score 640 (non-prime)
- Housing Event Seasoning: 2+ Years
- Recent Mortgage Delinquency: Two 30-day Lates – Previous 12 Months

FICO Score 620 (non-prime)
- Housing Event Seasoning: 1+ Years
- Recent Mortgage Delinquency: One 90-day Lates – Previous 12 Months

Mortgage Loan Scenario Form – Credit Check Not Required

Available in the Following States:

3 Month Bank Statement Loan

01/07/2021 08/04/2026

3 Month Business or Personal Bank Statements

Our 3 Month Program is the alternative to the 6-month, 12-month, and 24-month programs. We also have 1-month and 2-month options for credit scores >700. Income combinations OK including asset depletion with a minimum credit score of 620.

Co-Borrower W2’s + 30 days most recent paycheck stubs. Asset Depletion, etc. Minimum 620 credit score required. First Time Home Buyers to 80% LTV with 640 credit score OK.

Asset Depletion is also eligible to supplement bank statement income. Eligible liquid asset sources: Checking Accounts, Savings Accounts, Stocks, Bonds, Mutual Funds, Certificates of Deposit, Trust Accounts, Retirement, Pending Sale of Real Estate, Money Market, etc.

Non-QM Mortgage Origination Technique

We qualify borrowers using techniques for both income documentation and employment documentation to favorably determine the borrowers’ actual qualifications. This unique 3 month loan program is for any self-employed borrower (including Sole Proprietors) that cannot qualify with the typical full 12 or 24 months of bank statements, for whatever reason.

Reserve requirements vary based on the loan amount and overall risk profile. Larger loan balances generally require additional liquid assets to demonstrate the borrower’s ability to manage future mortgage obligations. The following reserve guidelines outline the minimum PITIA (Principal, Interest, Taxes, Insurance, and Association Dues, if applicable) requirements for this program. Details below:

Loan Amount / Reserve Requirements

250,000 to $1,500,000 – 6 Months Subject Property PITIA
$1,500,000 to $3,000,000 – 12 Months Subject Property PITIA + 3 Months for each additional REO
$3,000,000 to $5,000,000 – 24 Months Subject Property PITIA + 6 Months for each additional REO

Loan Amounts and Cash Out Refinance

Purchase, Rate/Term Refinance, Cash Out Refinance – $250,000 – $5,000,000
$2,500,000 maximum Cash Out amount for debt consolidation
$1,500,000 maximum cash in hand

Eligible Employment Types: Self-Employed

Self-Employed
W2 Wage Earner Co-Borrower OK
Real Estate Investors

Self-Employed Income and Employment Documentation

This bank statement program reduces excessive income and employment documentation requirements for self-employed borrowers by eliminating traditional income and employment verification requirements like tax transcripts making the approval process more straight forward based on your bank activity/revenue and overall credit profile, allowing for a more practical underwriting experience.

Employment Verification (VOE):

Business License or Business Certificate If Applicable (equivalent)
RCPA Letter or Equivalent Tax Professional
Internet Company Listings, etc.
Business Operating Agreement

Credit Event Seasoning Requirements and FICO’s:

FICO Score 700:

Housing Event Seasoning: 1+ Years
Mortgage/Rent Lates Allowed: One 30-day Lates – Previous 12 Month

FICO Score 680:

Housing Event Seasoning: 2+ Years
Mortgage/Rent Lates Allowed: Two 30-day Lates – Previous 24 Months

FICO Score 660:

Housing Event Seasoning: 3+ Years
Recent Mortgage Delinquency: Two 30-day Lates – Previous 36 Months

FICO Score 640

Housing Event Seasoning: 4+ Years
Recent Mortgage Delinquency: Two 30-day Lates – Previous 48 Month

FICO Score 620

Housing Event Seasoning: 5+ Years
Recent Mortgage Delinquency: One 90-day Late

Eligible Occupancies

Owner Occupied
Owner Occupied/Investment (including Airbnb)
Non-Owner Occupied

Eligible Property Types

SFR – Attached and Detached
2 Units
3 Units
4 Units
Condominiums
PUD

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Asset Qualifier Mortgage Program

12/17/2020 09/01/2026

The Asset Qualifier Mortgage Program is a portfolio lending option that allows eligible liquid assets to be used to establish qualifying income. This asset-based income documentation method can provide an alternative for borrowers who have substantial assets but may not qualify using traditional W-2, tax return, or employment-income calculations.

Debt-to-income ratios may be allowed up to 55%, depending on the borrower profile, loan amount, LTV, credit score, occupancy, and other underwriting requirements.

Eligible sole proprietors may also be able to use 1099 income as additional qualifying income to demonstrate ability to repay.

Asset Qualifier Loan Program Highlights

Asset-based income qualification
DTI up to 55%
Loan amounts up to $5,000,000
Subordinate financing permitted
1099 income may be used as additional qualifying income for eligible sole proprietors
15-year and 30-year amortization options
Interest-only options available
Primary residence, second home, and investment property options
Foreign nationals eligible for second homes and investment properties
Warrantable and non-warrantable condominiums permitted
Condotels eligible
Business-purpose loan options available
Loan amounts above $2,000,000 require two appraisals

Asset-Based Income Documentation

Instead of qualifying exclusively from conventional employment income, the lender calculates qualifying income using eligible liquid asset accounts and an asset distribution methodology.

The amount of qualifying income available depends on the type and amount of eligible assets, required reserves, loan terms, and applicable underwriting guidelines.

Eligible Occupancies and Property Types

Primary Residence
Second Home
Investment

Eligible primary-residence properties include:

Single-family residences
2–4 unit properties
Condominiums
Condotels
Second Homes

Eligible second-home financing may be available for qualified borrowers, including eligible foreign nationals.

Investment and Business-Purpose Properties

Eligible investment and business-purpose properties include:

Single-family residences
2–4 unit properties
Condominiums
Both warrantable and non-warrantable condominiums may be eligible.

Reserve Requirements

For loan amounts greater than $2,000,000, a minimum of 6 months PITIA reserves is required.

Additional reserves may be required depending on the complete borrower and property profile.

Purchase and Rate-and-Term Refinance Guidelines

720 Minimum Credit Score

90% LTV – Up to $3,000,000
85% LTV – Up to $3,500,000
70% LTV – Up to $4,000,000

700 Minimum Credit Score

85% LTV – Up to $3,000,000
80% LTV – Up to $3,500,000
75% LTV – Up to $4,000,000

680 Minimum Credit Score

80% LTV – Up to $3,500,000
75% LTV – Up to $3,000,000
70% LTV – Up to $2,500,000

660 Minimum Credit Score

80% LTV – Up to $3,000,000
75% LTV – Up to $2,500,000
70% LTV – Up to $2,000,000

640 Minimum Credit Score

80% LTV – Up to $2,500,000
75% LTV – Up to $2,000,000
70% LTV – Up to $1,500,000

620 Minimum Credit Score

70% LTV – Up to $2,000,000
65% LTV – Up to $1,500,000
60% LTV – Up to $1,000,000

Asset Qualifier Cash-Out Refinance

Cash-out refinancing is available subject to credit score, LTV, loan amount, asset qualification, and underwriting requirements.

720 Minimum Credit Score

80% LTV – Up to $3,000,000
75% LTV – Up to $2,500,000
70% LTV – Up to $2,000,000

700 Minimum Credit Score

75% LTV – Up to $2,500,000
70% LTV – Up to $2,000,000
65% LTV – Up to $1,500,000

680 Minimum Credit Score

70% LTV – Up to $2,000,000
70% LTV – Up to $1,500,000
65% LTV – Up to $1,000,000

660 Minimum Credit Score

70% LTV – Up to $1,500,000
65% LTV – Up to $1,250,000
60% LTV – Up to $1,000,000

Foreign National Asset Qualifier Loans

Foreign nationals may be eligible for the Asset Qualifier program when financing a:

Second home
Investment property

Eligibility, asset requirements, LTV limits, and documentation requirements depend on the complete loan scenario.

Available States

The Asset Qualifier Mortgage Program is available in:

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.

Business Narrative for Bank Statement Loan Programs

12/15/2020 04/02/2026

Self-Employed Questionnaire

Business information required to properly analyze bank statements

Business Type: (product or service or both) If Other, please describe here:

Provide details of how income is generated:

Where do you conduct business: Office, Plant, Residence?

More than one physical site? (Check One) YES NO If Yes, how many?

What percentage of your business do you own?
If less than 100%, who owns the remaining portion and what percentage?
How many people do you have employed

Full Time:
Part Time:
Contractors:
Full Time Payroll:
Part Time Payroll:
Contractor Payroll:

Total Monthly Payroll Expense:

Do you manufacture a product, such that you have a cost of goods sold for the product you ultimately sell? Yes No. If yes, please describe Estimate for monthly Cost of goods sold:

Do you buy and then resell a product? (Check One) YES NO If YES, describe in detail:
Please provide any additional business expenses not listed above: (Excluding Rent / Payroll / COG Sold)

How has Covid-19 affected your business?

Is there anything else you can tell us about your business that is important for us to know as we review your bank statements, including sources of deposits and withdrawals?

Another example:

Name of business:

State that the business is incorporated / licensed in:

Ownership percentage:

Date business was established:

Business legal structure:

Partnership
Corporation
Sub-S Corporation
Limited Liability Company
Sole Proprietor

Describe the nature of the business:

Non-Prime Super Jumbo – $5,000,000

11/30/2020 07/25/2026

Self-Employed Bank Statement Super Jumbo loans

Borrowers utilize 12 or 24 months of business bank statements to demonstrate their Ability to Repay, eliminating the need for traditional income verification methods and potential headaches.

By focusing on bank statements to derive an income number for qualifying ratios, we ensure a smoother and more efficient application process.

Bank Statement Loan Program 640 Credit Score

Bank statement loan programs offer flexible income documentation options, ideal for self-employed individuals. Borrowers can choose from 12, 24, or 6 months of business bank statements, with the latter allowing for up to 75% loan-to-value (LTV). These programs cater to a range of needs, including first-time home buyers and investors.

This program is ideal for self-employed borrowers or those with irregular income who have experienced past financial setbacks. By offering lenient credit requirements and streamlined documentation, the non-prime 12-month bank statement loan provides a path to homeownership for individuals looking to rebuild their credit.

Bank Statement Income Documentation Options:

6 Months Business Bank Statements (75% LTV)
12 Months Business Bank Statements
24 Months Business Bank Statements
85% LTV Jumbo – 660 Credit Score

Specifically designed for self-employed entrepreneurs, these loans when done properly or accordingly can smooth out issues early and ultimately simplify the process.

This approach not only saves time but also reduces the paperwork burden, making it a highly convenient and time efficient option.

Whether for purchasing a high-value property or refinancing existing debt, our Self-Employed Bank Statement Super Jumbo loan program(s) and qualified Loan Officers can make it quick and easy.

With our innovative product and service team of mortgage experts, self-employed borrowers can enjoy a hassle-free application, approval, escrow experience.

12 Month Non-Prime Business Bank Statement Loan(s)

The non-prime 12-month bank statement loan program offers a flexible option for borrowers with recent credit events. Designed for those who may not qualify for traditional loans, this program requires only 12 months of bank statements for income verification. It accommodates individuals with credit challenges, including a 24-month seasoning for bankruptcy and just 12 months for foreclosure, short sale, or deed in lieu.

One feature to this bank statement loan program is a 55% debt-to-income (DTI) ratio. 100% gift funds from family members, and rent-free housing history is another one, making non-traditional mortgage financing east to qualify in a difficult loan scenario.

Investors benefit from the ability to finance unlimited Real Estate Owned (REO) properties, and non-occupant co-borrowers are allowed. Prepayment penalty options are also available, offering added flexibility for those looking to pay off their loans early.

Program Highlights:

50% DTI Debt-to-Income ratio
First Time Home Buyers – OK
100% Gift Funds from Family Member – OK
Rent-free housing history OK
Prepayment penalty pricing options available
Investors: unlimited financed REO Real Estate Owned OK
Non-Occupant Co-Borrower – OK

Required Reserves:

6 Months (PITI/PITIA)
6 months PITI for all REO Real Estate Owned

Credit Requirements:

Housing Event Credit Seasoning:
Bankruptcy – 24 Months
Foreclosure – 24 Months
Short Sale – 24 Months
Deed in Lieu – 24 Months

Required Credit Scores:

600 Minimum
660 to 80% LTV – $1,500,000 Cash Out
680 to 90% LTV – $2,500,000

Credit Criteria:

Multiple foreclosures and short sales OK. Credit flexibility is a key highlight of the non-prime 24-month bank statement loan program. Borrowers with multiple foreclosures or short sales are still eligible, making this program accessible to those seeking to rebuild their financial profile while securing significant loan amounts.

Purpose / Loan-to-Values:

Purchase – 10% Down Payment
Rate & Term Refinance – 90% LTV Loan-to-Value
Cash Out Refinance – 85% V Loan-to-Value

Eligible Property Types:

SFR Single Family Residence
Condos – Warrantable & Non-Warrantable
Condotels

Eligible Occupancies

Owner-Occupied
Non-Owner/Investment
Second/Vacation Homes

Available Terms: ARM: 3, 5 and 7 Year

30-Year Fixed (Interest Only Available)
40 Year Fixed (Interest Only Available)

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nevada, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

Non-QM Lender – California

10/23/2020 11/05/2026

Non-QM Mortgage Broker

Non-Qualified Mortgage Lender Serving California Business Owners

Proper service will increase your chances of getting approved for a reasonable mortgage without being required to produce documentation that will almost always eliminate their chances for success in obtaining an effective income documentation self-employed home loan approval.

IRS Form 4506-T and 4506-C Not Required

IRS Form 4506-C (previously 4506-T effective 5/1/2021) can be a self-employed borrower home loan killer.

Unconventional income documentation such as Bank Statements, 1099’s and/or liquid Asset Depletion including Asset Distribution as an alternative to business and personal tax returns, P&L’s, etc. Form 4506-C for a W2 co-borrower is required to be signed and lender executed for W2 transcripts only, not tax transcripts regardless of primary self-employed and W2 co-borrower joint filing.

Alternative Income Documentation

12 Months Personal Bank Statements (with and without 3 months business bank statements)
12 Months Business Bank Statements
24 Months Personal Bank Statements
24 Months Business Bank Statements
Asset Depletion
Asset Distribution Account seasoning not required
Rental Leases with 3 Months Bank Statements (Including Short-Term such as AIRB)
1099 Only
One-Year 1040 Plus Schedule E
Non-Occupant Co Borrower (reduce DTI requirement)

Maximum Loan-to-Values “LTV”

Purpose: Purchase, Rate & Term and Cash Out Refinance:

Purchase (10% Purchase Down Payment) and Rate & Term Refinance – 90% LTV
Cash Out Refinance – Cash Out for Whatever Purpose (Cash-in-Hand) $2,500,000 Maximum Cash Out

Maximum Loan Amounts

Jumbo to $10,000,000
Super Jumbo to $30,000,000

Eligible Employment Types

Self Employed with >25% ownership and Sole Proprietor

Verification of Self-Employment (VOSE)

Business License
CPA Letter (“Tax Professional”)
Internet Business Listing
Sellers License

Reserve Requirements

Subject Property PITIA (Principle, Tax, Hazard Insurance and Association Dues) – 6 Months
REO – 6 Months Additional for Each Real Estate Owned

Eligible Property Types:

Eligible residential property types include:

Single Family Residence (SFR) – Attached
Single Family Residence (SFR) – Detached
Condos – < 4 Stories
Duplex
Triplex
4-Unit

Eligible Occupancies:

Eligible occupancy types include:

Primary
Owner Occupied/Investment
Non-Owner Occupied/Investment
Second/Vacation Homes

Loan Terms:

Available loan terms include:

ARM’s – 5 Year and 7 Year
30 Year Fixed and 40 Year Fixed
Interest Only – 10 years

Required Credit Criteria/Credit Scores

Required credit scores and report:

Credit Scores: Tri-Merge Report
660 Middle Credit Score

“Housing Event” Credit Seasoning

Bankruptcy – 3 years required
Foreclosure – 3 years required
Short Sale – 2 years required
Deed in Lieu – 1 year required

Underwriter Notes:

Form 4506-T Not Required
First Time Home Buyers – OK
Gift Funds from Immediate Family Member – OK
Rent-Free Housing History – Not Allowed
Prepayment Penalty Options Available
Investors: Unlimited Financed Real Estate Owned (REO) – OK

Available in the Following California Counties:

Alameda County, Contra Costa County, El Dorado County, Fresno County, Kern County, Kings County, Los Angeles County, Madera County, Marin County, Napa County, Merced County, Monterey County, Orange County, Placer County, Riverside County, Sacramento County, San Bernardino County, San Francisco County, San Joaquin County, San Luis Obispo County, San Mateo County, Santa Barbara County, Santa Clara County, Solano County, Sonoma County, Stanislaus County, Tulare County, Ventura County, and Yolo County.

Bank Statement Loan for Real Estate Investors

10/22/2020 09/08/2026

Real Estate Investor Loan Program

Designed for real estate investors, this Bank Statement loan can qualify investor income and self-employment income in different or multiple accounts. Rental income instead of tax returns, leases can be utilized to document income.

Airbnb and Short-Term Rentals – OK

Short-term Rental Income may be properly documented with the short-term rental facilitator statements, Short-term rental income dollar amount is derived from a 12-month rent deposit average. Lenders can document rental income with most previous 10 months rental facilitator statements.

Rental income may be included in conjunction with Borrowers Bank Statement Gross Deposit Income. Leases with Bank Statements or 1099’s with or without Asset Depletion.

Breakdown of Key Elements:

Alt-Doc for Real-Estate Investors”: Clearly signals the product and target audience.

Rent & business bank statements, lease income or Airbnb qualify: Highlights the flexible documentation methods allowed.

Flexible docs, no tax returns required”: Speaks directly to the convenience and non-QM quality.

Real Estate Investor Bank Statement Documentation:

Leases and bank accounts showing at least 4 consecutive months of rent receipt from all qualifying rental property leases. The new lease and receipt of security deposit equal to one month of rent, rent seasoning not required. Also, in addition, (in conjunction with rental income) bank statements can be utilized just like a regular “bank statement loan”, 12 months or 24 months.

Real Estate Investor borrower bank statements, business, personal or dba. Multiple comingle accounts OK if bank transfers can be identified as income revenue from an income source. Large deposits will be sourced.

Loan Scenario Form – No Credit Check

Non-QM and Benefit to Borrower

Benefit to Borrower and the Ability-to-Repay Rule require Tangible Benefits to borrower such as Property Acquisition, Interest Rate Reduction, Credit Card Debt

Consolidation, Disposable Income increase, Fixed Rate or Term Extension Rate and Term Refinance, Cash Out Refinance for Business Expansion.

Bank Statements or “1099 Only” and/or REO Leases – Including Short Term Rental | Airbnb.

Use your 1099’s or the co-borrowers 1099’s for additional income qualification.

Alternative Income Documentation – Self-Employed and Business Owners

12-24 months Bank Statements or Form 1099 Only, Leases without tax returns or Form 4506T

Terms: 30 and 15-year fixed. ARM, 5-year, and 7-year

Debt-to-Income Ratio (DTI) up to 55%

Subordinate Financing Permitted

Business Purpose Available

Foreign National for either Second Home or Investment Property

Loan Amount >$1,500,000 – 2 Appraisals Required. Transfers Accepted on Approved AMC List

Interest Only Options Available

10 year Interest only term available for 40-year fixed rate and amortization up to 85% LTV, 80% LTV on 2-4 units.

Loan Scenario Form – No Credit Check

Guideline Highlights:

Underwriting Guideline exceptions and requirements are based on credit scores, Debt to Income ratio, equity position/loan to value ratio, occupancy, property type, and various variables and loan characteristics such as “credit event” seasoning.

Documentation type, credit depth and seasoning, borrower employment and business seasoning, Liquid asset sources, purchase seasoning.

Credit Scores | Loan-to-Value “LTV” | Loan Amounts & Matrix:

Purchase and R/T Refinance

Credit Scores	Loan-to-Value Ratio	Loan Amount
720	80%	$3,000,000
720	75%	$3,500,000
720	70%	$4,500,000
720	65%	$5,000,000
700	80%	$2,500,000
700	75%	$2,000,000
700	70%	$2,500,000
700	65%	$3,000,000
680	75%	$2,500,000
680	70%	$3,000,000
680	65%	$3,500,000
660	70%	$1,500,000
660	65%	$2,000,000
640	70%	$1,000,000
640	65%	$1,500,000

Cash Out Refinance

Credit Scores	LTV	Maximum Loan Amount
720	75%	$3,000,000
720	70%	$3,500,000
720	65%	$4,000,000
700	75%	$2,000,000
700	75%	$2,500,000
700	75%	$3,000,000
680	70%	$1,500,000
680	65%	$1,000,000
660	70%	$1,000,000
660	65%	$,500,000

Credit History Requirements and Credit Event Seasoning

Foreclosure, 12 Months | Bankruptcy, 12 Months | Short Sale, 12 Months | Deed In Lieu, 12 Months

Housing Payment History

** Maximum 1- 30-day late for previous six months

Loan Scenario Form – No Credit Check

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, Washington, and Wisconsin.

Non-QM – Stated Expense Ratio

10/15/2020 07/08/2026

Non-QM Mortgage Broker | Self-Employed Home Loans

Bank statement lenders apply varying underwriting guidelines for expense percentage ratios, also referred to as an expense rate. This percentage represents the business expenses and functions similarly to calculating net income.

Alternative Bank Statement Income

Qualify for mortgages using bank statements instead of traditional income verification. Ideal for self-employed borrowers.

Non-Qualified Mortgage Broker

Specialized in Non-QM loans for unique financial profiles, offering customized mortgage solutions.

What is a No Doc Loan?

A No Doc Loan is a financing option that does not require the borrower to provide traditional income verification documents. This includes no need for personal or business tax returns, and no submission of IRS form 4506-C.

Other Alternative Doc Types: Reduced Doc, and Lite Doc Options Available

1099 Only | (no P&L, tax returns, schedules, .. )
Investor Cash Flow DSCR | 90% LTV to $4,000,000
Asset Qualifier | Qualifiable liquid assets / 36 months income
Asset Distribution | Supplemental Income

Business or Personal or Commingled Account(s) OK

Guideline Highlights:

No Personal Tax Returns
No Business Tax Returns Not Required
Personal Tax Returns Not Required
4506-C Form Not Required
Numerous Ways to Calculate Bank Statement Income
Flexible Self-Employed Stated Expense Ratios down to 20%

Super Jumbo Loan Amounts to $4,000,000

Maximum Cash Out $750,000. Use Cash Out for Reserves
Maximum DTI 50%. Exceptions made to 55% DTI.
Maximum LTV 90%
Minimum Credit Score 600

Eligible Occupancies:

Primary
Owner Occupied
Second Home
Non-Owner-Occupied
Multi-Unit Investment

Eligible Title Vesting Options:

C and S Corps, LLC’s, Partnerships

Eligible Property Types:

SFR, Townhome, 1-2 Units, 2-4 Units, Condos, and Non-Warrantable Condos

Available Terms:

5/1 ARM, 7/1 ARM, 10/1 ARM, 30 & 40 Year Fixed with Interest Only

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Non-QM Portfolio Lender Loan Programs

09/24/2020 08/08/2026

Non-Qualified Mortgage Lender Serving California

Non-QM lender offering Non-QM loan programs to California self-employed borrowers. California business owners need flexible non-qualified underwriter guidelines with favorable pricing, reasonable terms, and advantageous approval conditions (Conditional Loan Approval | CLA)) to increase their chances of getting approved for a reasonable mortgage without being required to produce documentation that will almost always eliminate their chances for success in obtaining an effective income documentation self-employed home loan approval.

4506-C Not Required

IRS Form 4506-C is a self-employed borrower home loan killer. Unconventional income documentation such as Bank Statements, 1099’s and/or liquid Asset Depletion including Asset Distribution as an alternative to business and personal tax returns, P&L’s, etc. Form 4506-C for a W2 co-borrower is required to be signed and lender executed for W2 transcripts only, not tax transcripts regardless of primary self-employed and W2 co-borrower joint filing.

Purpose: Purchase, Rate & Term and Cash Out Refinance

For borrowers looking to purchase a home or refinance their existing mortgage, this program offers financing up to 90% loan-to-value (LTV) with just a 10% down payment. Whether you’re buying a new property or seeking a rate-and-term refinance, this option provides significant loan amounts while maintaining competitive terms.

For cash-out refinancing, borrowers can access up to $2,500,000 in cash for any purpose. Whether you need funds for home improvements, debt consolidation, investments, or other personal or business expenses, this loan allows for flexible use of equity without traditional income verification requirements.

Alternative Income Documentation

12 Months Personal Bank Statements (with and without 3 months business bank statements)
12 Months Business Bank Statements
24 Months Personal Bank Statements
24 Months Business Bank Statements
Asset Depletion
Asset Distribution – Seasoning Not Required
Rental Leases with 3 Months Bank Statements (Including Short-Term such as AIRBNB)
1099 Only
1-Year 1040 Plus Schedule E

Guideline Niches:

Non-Occupant Co-Borrower
Maximum Loan-to-Values “LTV” for Purchase, R/T Refinance and Cash Out Refinance
Jumbo to $10,000,000
Super Jumbo to $30,000,000

Eligible Employment Types

Self Employed with >25% ownership and Sole Proprietor
Verification of Self-Employment Employment (VOSE)
Business License
CPA Letter (“Tax Professional”)Internet Business Listing
Sellers License

Reserve Requirements

Subject Property PITIA (Principle, Tax, Hazard Insurance and Association Dues) – 6 Months
REO – 6 Months Additional for Each Real Estate Owned

Eligible Property Types

Single Family Residence (SFR) – Attached
Single Family Residence (SFR) – Detached
Condos – < 4 Stories
2-4 Unit

Eligible Occupancies

Primary
Owner Occupied/Investment
Non-Owner Occupied/Investment
Second/Vacation Homes

Available Terms

ARM’s – 5 Year and 7 Year
30 Year Fixed and 40 Year Fixe
Interest Only – 10 years

Credit Scores: Tri-Merge Report

660 Middle Credit Score

Underwriter Notes:

Form 4506-C Not Required
First Time Home Buyers – OK
Gift Funds from Immediate Family Member – OK
Rent-Free Housing History – Not Allowed
Prepayment Penalty Options Available
Investors: Unlimited Financed Real Estate Owned (REO) – OK
Gift of Equity – OK

Available in the Following California Counties:

Alameda County, Contra Costa County, El Dorado County, Fresno County, Kern County, Kings County, Los Angeles County, Madera County, Marin County, Napa County, Merced County, Monterey County, Orange County, Placer County, Riverside County, Sacramento County, San Bernardino County, San Francisco County, San Joaquin County, San Luis Obispo County, San Mateo County, Santa Barbara County, Santa Clara County, Santa Cruz County, Solano County, Sonoma County, Stanislaus County, Tulare County, Ventura County, and Yolo County.

Fix and Flip Program

09/16/2020 09/03/2026

Fix & Flip Flexible Capital Program:

At Broker Mortgages, our Fix & Flip Program gives real estate investors the financial power to acquire, renovate, and resell properties quickly — without the long wait times of traditional lenders. Whether you’re a seasoned house flipper or exploring your first rehab project, our tailored financing solutions help you turn opportunities into profits.

Why Our Fix & Flip Program?

Fast to Flip Properties with Confidence

Rapid Closings — Fund your deal in days, not weeks, so you can move fast and compete with cash offers.
Comprehensive Rehab Funding — Get financing not only for purchasing the property but also for renovation costs via draw schedules.
High Leverage — Up to a competitive Loan-to-Cost (LTC) or Loan-to-Value (LTV) depending on project risk and borrower profile.
Flexible Terms — Short-term loan durations with interest-only payment options to reduce holding costs.
Minimal Documentation — We prioritize the value of the deal (after-repair value) and your exit strategy over complex income verification.
Dedicated Support — Your project has nuances. We pair you with knowledgeable underwriting and draw management teams to guide you step by step.

Who Qualifies for this loan?

Real estate investors, flipping professionals, or rehabbers
Entities or individuals (based on credit and experience)
Projects involving distressed or under-market properties
Properties with clear profit potential after renovation

How It Works (Simple 4-Step Process)

Prequalification & Deal Review — Submit project details (purchase price, rehab budget, exit plan).
Terms & Approval — We underwrite based on property metrics and expected after-repair value.
Closing & Draw Setup — Funds disbursed in phases aligned with renovation progress.
Exit Execution — Sell or refinance to retire the loan and realize your profit.
Let us be your capital partner on the ground. Flip faster, smarter, and with more predictability.

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Lite Doc 1099 Only Mortgage Loan Programs

09/09/2020 09/15/2026

Lite Doc 1099 Only Programs – One-Year Employment History

Borrower must have at least one year self-employment within the same industry 2 years and a 2-year history as 1099. This works best for borrowers for any Independent Contractor Sole Proprietor like a realtor who has been employed with their broker (or multiple brokers) for > 12 months and < 2 years, for example:

1099 Only Mortgage Program for Sole Proprietor

Any industry is fine i.e., insurance sales, Real Estate Agents, Consultants, trades such as Construction. If the borrower has been employed with the same company for between one and two years, the borrower can provide the 2024 1099 and YTD earnings statement (paycheck stub) for 2023; tax returns and Form 4506-C (previously Form 4506-T) not required.

How Non-QM Lenders Calculate Self-Employed 1099 Income?

Non-QM underwriting typically involves averaging the borrower’s 2025 1099 income with year-to-date 2026 income. The total income earned in 2023 is annualized over 12 months, regardless of when the income began. If the borrower lacks current financial documentation—such as a YTD profit and loss statement—bank statements may serve as an alternative for income verification. Toward year-end, it is generally more efficient to underwrite as a bank statement program rather than rely on partial 1099 documentation, which may lack the necessary support for stable income calculations.

Underwriter Guideline Highlights

Multiple 1099’s each borrower OK
One-Year History Employment Verification – Reduced Doc
One-Year Income (Alt Doc) Documentation – Lite Doc
Current year business income revenue may need to be verified with 1-3 months bank statements or borrower prepared (and unaudited) P&L

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

Debt Service Coverage Ratio 620 FICO

09/03/2020 09/08/2026

Business Purpose Investor Loan Program

Loan programs for homebuyers and homeowners looking to refinance, rate/Term and Cash Out their Single-Family Residence, Condo or Multi-Unit including Investors.

DSCR Investor Loans support both purchase and cash-out refinancing options. Qualify for up to $10 million with an 85% LTV, a minimum DSCR of 0.85, and a 620 middle credit score. Ideal for real estate investors.

Debt Service Coverage Ratio – Jumbo Loan 620 Credit Score

* 85% LTV Ratio

* 620 Middle Mortgage Credit Score

* .85 DSCR Ratio

Alt Doc – Bank Statement Loans Available

* 12 Months Bank Statements

* 24 Months Bank Statements

Loan Program Highlights

* Unconventional DTI – 65%

* 85% LTV

* 620 Middle Mortgage Credit Score

Life Event Credit Seasoning

* Foreclosure – 1 Day

* Short Sale – 1 Day

* Deed-In-Lieu – 1 Day

* Bankruptcy – 1 Day

Title Vesting and Lending

* Corporations

* C Corps

* S Corps

* Trusts

Get Started Now: Loan Scenario Form – No Cost – No Credit Check

Available in the Following States:

Bank Statement Mortgage Documentation

08/19/2020 07/09/2026

Bank Statement Mortgage Offer Flexibility

Bank statement mortgage loans offer a flexible financing solution for self-employed individuals and others with non-traditional income sources. Instead of relying on traditional income verification methods like W-2s or tax returns, these loans use bank statements to assess a borrower’s financial stability.

To apply for a bank statement mortgage, you’ll need to provide the following:

Business Description Letter

A handwritten letter detailing the nature of your business, the income it generates, and an explanation of your expenses, including the expense factor.

Verification of Self-Employment Business Documentation

If you’re self-employed or own a business, you may need to provide business licenses, articles of incorporation, or partnership agreements to verify your business’s existence and ownership.

A letter from a Certified Public Accountant (CPA), tax preparer, or licensing bureau confirming at least two years of self-employment.

Bank Statements:

Personal and/or business bank statements covering the last 12 to 24 months, depending on the lender’s requirements.

Form SS-89

A completed and wet-signed SS-89 form is required.

Proof of Identity

A valid form of identification, such as a driver’s license, passport, or government-issued ID.

Proof of Physical Address

Documents like utility bills, lease agreements, or bank statements that show your name and current address.

Additional Income Documentation (supplement Ability to Repay)

While bank statements are primary, some lenders may request supplementary documents like tax returns, profit and loss statements, or 1099 forms to support your income claims.

Asset Documentation

Statements from bank accounts, investment accounts, or property ownership documents to demonstrate financial stability.

Credit Information

Lenders may request your credit report or authorization to obtain it to assess your creditworthiness.

Why Choose a Bank Statement Mortgage?

Bank statement mortgages are ideal for:

Self-Employed Borrowers, Business owners, freelancers, and independent contractors who may not have traditional income documentation.

Individuals with Non-Traditional Income

Those whose income comes from various sources or fluctuates monthly.

Borrowers Seeking Flexibility

Those who prefer a loan process that considers their actual cash flow over standard documentation.
Cornerstone Mortgage Group

By focusing on your bank statements, lenders can assess your financial health more holistically, offering a path to homeownership that aligns with your unique financial situation.

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.

Non-QM Jumbo Lender Program

08/13/2020 07/22/2026

Non-Qualified Mortgages and Non-QM Mortgage Brokers

In an ever-evolving Non-Qualified mortgage market, We continue to expand our products and guidelines Our team of Non-QM Mortgage Brokers is committed to continually enhancing our Non-Qualified Mortgage products and guidelines.

Non-QM Mortgage Broker – Bank Statement Loan to $5,000,000

Use Personal and/or Business Bank Statements and No 4506-T or 4506-C. As a leading Non-QM Mortgage Broker, we offer Bank Statement Loans to 90% Loan-to-Value (LTV). With a minimum credit score requirement of 640 for this program and loan amounts available up to $5 million, we provide flexible and accessible financing options.

Non-QM Lender Benefits

Loan-to-Value (LTV) up to 90% (Purchase) 680 Credit Score
Loan-to-Value (LTV) up to 90% (R/T Refinance) 680 Credit Score
Loan-to-Value (LTV) up to 85% (Cash Out Refinance) 660 Credit Score
Minimum Credit Score 640 (80% LTV)
Jumbo and Super Jumbo Loan Amounts to $5 million (70% LTV)
Maximum Debt-to-Income Ratio (DTI) – Max 55%

Available Terms 15-Year Fixed and 30-Year Fixed

Eligible Occupancies – Primary, Second Homes, and Investment Properties

Alt Doc to 55% DTI

Our maximum debt-to-income (DTI) ratio is set at 55%, ensuring more borrowers can qualify for our Non-QM mortgage products and are available for primary residences, second homes, and investment properties for all property types.

Available in the Following States:

Super Jumbo Investor Loan to $30,000,000

08/07/2020 09/03/2026

Super jumbo investor financing is available for loan amounts up to $30,000,000. The program uses manual underwriting and in-house credit decisions for real estate investors who may require financing outside standard jumbo or conventional lending guidelines.

Personal income documentation is not required. Qualification is based on the property, borrower credit profile, assets, reserves, transaction structure, and other applicable underwriting requirements.

No Personal Income Documentation Required

Borrowers are not required to document personal qualifying income for this program. Traditional debt-to-income qualification is not required in the same manner as a conventional full-documentation mortgage.

Manual Underwriting and Credit Decisions

Loans are reviewed through a manual underwriting process rather than relying exclusively on automated underwriting findings.

Credit decisions are made in-house and require a second-signature review before final approval. This structure allows the complete borrower, property, asset, and transaction profile to be considered during underwriting.

Super Jumbo Loan Amounts

Loan amounts are available up to:

$30,000,000 Maximum Loan Amount

Maximum financing is subject to property value, transaction type, credit profile, liquidity, reserves, collateral, and other underwriting requirements.

Cash-Out Refinance Options

Cash-out refinance transactions are permitted, including transactions using an interest-only loan structure.

Program features include:

Interest-Only Available for Cash-Out Refinance
Unlimited Cash-Out Subject to Underwriting
Cash-Out Proceeds May Be Used Toward Reserve Requirements

Existing property equity, collateral, borrower liquidity, and the overall transaction are reviewed when determining maximum cash-out eligibility.

Interest-Only Financing

Interest-only payment options are available for qualifying investor transactions.

Interest-only financing may also be used with cash-out refinance transactions, subject to the requested loan amount, property, credit profile, and other underwriting requirements.

Bridge Financing

Bridge financing is available for qualifying real estate transactions requiring short-term financing between the acquisition, sale, refinance, or repositioning of properties.

Eligibility is based on the borrower’s proposed transaction structure, available equity, liquidity, collateral, and exit strategy.

Reverse 1031 Exchange Financing

Reverse 1031 exchange transactions may be considered when a borrower acquires a replacement investment property before disposing of the existing relinquished property.

The transaction must meet applicable lender, title, entity, and exchange requirements.

Cross Collateralization

Multiple investment properties may be used as collateral to support a qualifying transaction.

Cross-collateralized financing may be available up to 80% LTV, allowing equity from additional investment properties to be incorporated into the financing structure.

Real Estate Investor Eligibility

The program is available to both experienced and first-time real estate investors.

First-Time Investors Permitted
No Previous Landlord Experience Required
Departing Residence Rental Income May Be Considered
New Rental Agreements May Be Considered
Business Entity Vesting Permitted

Final eligibility remains subject to the complete borrower and transaction profile.

Reserve Requirements

A minimum of six months of reserves is required.

6 Months Reserves
No Additional Reserve Requirement for Additional Real Estate Owned
Qualifying Cash-Out Proceeds May Be Used Toward Required Reserves

Reserve requirements remain subject to the specific loan structure and underwriting review.

Gift Funds

Gift funds are permitted for qualifying transactions when the source and use of funds meet applicable underwriting requirements.

Gift funds may be used in conjunction with the borrower’s own funds, reserves, equity, and other acceptable assets where permitted.

Eligible Property Types

Eligible residential investment properties include:

Single-Family Residences
Two-Unit Properties
Three-Unit Properties
Four-Unit Properties

Property eligibility is subject to appraisal, condition, occupancy, value, and other applicable underwriting requirements.

Business Entity Vesting

Investment properties may be vested in an eligible business entity where permitted.

Entity documentation, ownership structure, guarantees, and other requirements are reviewed as part of underwriting.

Loan Scenario Review

A preliminary loan scenario may be reviewed without requiring an initial credit check. Property information, requested loan amount, estimated credit profile, assets, and transaction details may be used to determine potential program eligibility before a complete loan application is submitted.

Available in the Following States

Bank Statement Mortgage Program for Self-Employed Borrowers

05/29/2020 08/28/2026

The Bank Statement Mortgage Program provides an alternative income documentation option for self-employed borrowers who may not qualify using traditional tax returns.

Instead of relying primarily on taxable income, qualifying income may be calculated using eligible deposits from personal or business bank statements. Purchase, rate-and-term refinance, and cash-out refinance options are available.

Standard and Jumbo bank statement financing is available up to $8,000,000, with select Super Jumbo Bank Statement loans available up to $12,000,000.

Bank Statement Loan Program Highlights

Key program features may include:

Personal bank statements accepted
Business bank statements accepted
Purchase financing
Rate-and-term refinance
Cash-out refinance
Standard, Jumbo, and Super Jumbo loan options
Bank statement loan amounts up to $8,000,000
Select Super Jumbo financing up to $12,000,000
Cash-out proceeds up to $4,000,000
Minimum credit score as low as 620 for qualifying Super Jumbo scenarios
1099 income may be combined with bank statement income
Asset depletion may be used as supplemental qualifying income
No Form 4506-T or 4506-C under applicable bank statement documentation options

Personal and Business Bank Statements

The program may allow qualifying income to be calculated from either personal or business bank statements, depending on how the borrower’s business income is received and documented.

Personal Bank Statements

Personal bank statements may be used when qualifying business income is deposited directly into the borrower’s personal accounts.

Eligible business-related deposits are analyzed to determine the income that may be used for mortgage qualification.

Business Bank Statements

Business bank statements may be used for borrowers whose revenue is deposited into business accounts.

A lender-approved expense factor or other permitted methodology is applied to business deposits to determine qualifying income.

Documentation requirements and expense calculations vary according to the borrower’s business structure and lender guidelines.

Borrower-Prepared Profit and Loss Statement Option

Certain bank statement programs may permit a borrower-prepared, unaudited Profit and Loss Statement supported by the most recent three months of business bank statements.

This documentation can be used to help establish the business’s operating expenses and determine the appropriate qualifying income calculation.

Additional business documentation may be required depending on the lender and loan structure.

Self-Employment Verification

Self-employment must be documented, but traditional two-year tax-return income documentation may not be required.

Depending on the specific program, self-employment may be verified with:

CPA or tax professional letter
Business license
Secretary of State or comparable business registration
Other third-party verification acceptable to the lender

CPA Letter Option

Certain program options may allow self-employment to be verified through a CPA or qualified tax professional letter documenting the borrower’s business and ownership.

Under applicable guidelines:

CPA or tax professional letter may verify business details
A separate P&L may not be required
Form 4506-T may not be required
Form 4506-C may not be required

The exact documentation method depends on the bank statement program selected.

1099 Income Option

Qualified borrowers may also be able to use 1099 income as an alternative or supplemental income source.

Depending on the program:

1099 income may be used by itself
Multiple 1099s may be accepted
1099 income may be combined with bank statement income
1099 income may be combined with asset depletion
Multiple eligible income sources may be combined to increase total qualifying income

This can be useful for independent contractors and self-employed borrowers whose income comes from several sources.

Asset Depletion as Supplemental Income

Eligible borrower assets may be used to generate additional qualifying income through an asset depletion calculation.

Asset depletion may be combined with bank statement or 1099 income when permitted, potentially increasing qualifying income and helping the borrower satisfy applicable Ability-to-Repay (ATR) requirements.

Eligible assets, depletion calculations, and seasoning requirements are subject to lender guidelines.

Bank Statement Help Desk – Income Analysis

Bank statement income should be analyzed carefully before the loan is submitted to underwriting.

Our Bank Statement Help Desk can perform a pre-underwriting review of the borrower’s statements and supporting documentation to help determine the most favorable qualifying-income calculation available under applicable program guidelines.

Bank Statement Income Optimization

The pre-underwriting analysis can help with:

Calculating qualifying monthly income
Identifying eligible business deposits
Separating income from transfers and non-income deposits
Reviewing potential business expense calculations
Evaluating personal versus business bank statement options
Determining whether 1099 or asset depletion income may supplement bank statement income
Identifying potential underwriting conditions before lender submission
Maximizing available qualifying income and purchasing power within lender guidelines

Jumbo Bank Statement Loans Up to $8 Million

Jumbo Bank Statement loans may be available up to $12,000,000 for qualified self-employed borrowers.

Maximum loan amount and LTV depend on factors including:

Credit score
Occupancy
Property type
Bank statement income
Assets and reserves
Loan purpose
Overall borrower profile

Super Jumbo Bank Statement Loans Up to $12 Million

Select Super Jumbo Bank Statement programs may provide financing up to $12,000,000.

Program highlights may include:

Loan amounts up to $12,000,000
Minimum credit score starting at 620 for qualifying scenarios
Personal or business bank statement qualification
Purchase and refinance options
Cash-out proceeds up to $4,000,000

Higher loan amounts are generally subject to additional LTV, reserve, appraisal, liquidity, and underwriting requirements.

Bank Statement Cash-Out Refinance

Qualified borrowers may access up to $4,000,000 in cash-out proceeds under select bank statement and Super Jumbo programs.

Maximum cash-out is subject to:

Property value
Loan amount
Maximum LTV
Credit score
Occupancy
Reserves
Underwriting requirements

Eligible Property Types

Eligible property types may include:

Single-family residences
2-unit properties
3-unit properties
4-unit properties
Warrantable condominiums
Non-warrantable condominiums

Maximum LTV may vary by property type.

Eligible Occupancy Types

Available occupancy types may include:

Owner-occupied primary residences
Second homes
Investment properties
Business-purpose investment properties

For 2-4 unit properties, a borrower may also occupy one unit as a primary residence while the remaining units are rented.

Gift Funds

Gift funds may be permitted under applicable program guidelines.

Certain transactions may allow:

Gift funds up to 15%
Minimum borrower contribution of 5%

Gift fund requirements vary by occupancy, LTV, loan amount, and borrower profile.

Submit a Bank Statement Loan Scenario

Borrowers can submit their bank statement loan scenario for an initial program review without requiring an upfront credit check.

Loan Scenario Form – No Credit Check Required

For assistance with bank statement income calculations or pre-qualification, contact the Bank Statement Help Desk at 800-718-8906.

States Where the Bank Statement Program Is Available

The Bank Statement Mortgage Program is available in:

Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Self Employed Borrowers

05/09/2020 05/02/2025

There are roughly 17,000,000 self-employed people in the United States. That is over 35% of Americans that are self-employed. We have seen an increase of 25% in small to medium sized businesses since 2020. California has the most self-employed in the nation, by far.

Sole Proprietor Borrowers

65% of the United States workforce will be Independent Contractors. 11,000,000 Americans are working in the Gig industry as of 2024. There were close to 26,700,000 Independent Contractors in the United States, that is an increase 13,000,000 – 1099 Only Loans.

How do self-employed borrowers get a mortgage? What do lenders look for in a self-employed borrower? How long must I be self-employed to qualify for a mortgage?

Loan programs that utilize bank statements do not require form 4506-C to be processed anytime throughout the escrow process or post-closing. If the loan has a W-2 Wage Earner co-borrower, signed Form 4506-C is required, and is processed for W2 transcripts only and not for the primary self-employed borrower.

Verification of Self-Employment

Confirmation of self-employment requires the existence of the business be verified with an active one-year history or a two-year history. Different lenders have their own guidelines in terms of what constitutes a verification of employment. Third-party verification would be a CPA letter business license from regulated agency or applicable license bureau. CPA letter lender required criteria the name of the business the owners of the business including percentage of ownership and they Lang of time company has been owned.

Underwriter must document all third-party employment verification sources of the self-employed borrowers’ company within 45 days of the note date

Business Entity Income

Also, any qualifying income that can be sourced from an S corporation or LLC and Partnerships should include a valid Secretary of State documentation website listing. Active and in good standing. For 1099 sole Proprietors in an industry that requires a license also be verified from a license authority confirmation must license is active directions. Examples of common business license include, but are not limited to, state or local tax licenses, City business licenses, professional license for borrower in the fields of Real Estate, construction, law, medical industry, Etc.

Bank Statement Income | Alt Doc

04/30/2020 07/13/2026

Bank Statement Income for Self-Employed Borrowers

Loan programs that utilize bank statements do not require form 4506-t to be processed at any time throughout the escrow process or post-closing. This loan has a W-2 Wage Earner co-borrower and 4506-t (or 4506-C) is processed for W2 transcripts only and not the primary self-employed borrower.

Self Employed – Verification of Employment | VOE

Confirmation of self-employment requires the existence of the business be verified with an active one-year employment history or two year employment history. Different lenders have their own guidelines in terms of what constitutes a verification of employment. Third-party verification would be a CPA letter business license from a regulated agency or applicable license bureau. CPA letter lenders required criteria: the name of the business, the owners of the business including percentage of ownership and the Length of time company has been owned.

Underwriter must document all third-party employment verification sources of the self-employed borrowers company within 45 days of the note date

Business Entity Income

Qualifying income that can be sourced from an S Corporation or LLC and Partnerships should include a valid Secretary of State documentation website listing. Active and in good standing. For 1099 sole Proprietors in an industry that requires a license also be verified from a license authority confirmation must license is active directions. Examples of common business licenses include, but are not limited to, state or local tax licenses, City business licenses, professional licenses for borrowers in the fields of Real Estate, construction, law, medical industry, Etc.

Available in the Following States:

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

Non-QM Lenders and Loans

04/22/2020 09/10/2025

Bank Statement Program – 2025

This Bank Statement mortgage is designed for self-employed borrowers. You benefit from a simplified qualifying method with income based on revenue calculated from business or and (industry specific) personal bank statements

Guideline Features:

* Maximum loan amount $15,000,000

* 640 FICO Score

* Cash-out to 70% LTV

* Maximum DTI 55% (requires $4000 minimum disposable income)

* Owner-occupied, Second Homes and Non-owner-occupied and investment properties.

* Gifts – OK

* Max Loan Amount $6,000,000

* Minimum 680 Mortgage Credit Score Required

* Max 55% DTI (Debt-to-Income) / Interest-only

* 75% LTV

* Primary, Second, Investment Homes

* 1-4 Unit, Planned Urban Development (PUD) and Condos permitted

* Interest-Only

* Gifts Permitted

Available in the Following States:

Alabama, Arizona, Colorado, California, Delaware, Georgia, Florida, Illinois, Maryland, North Carolina, Oregon, South Carolina, Texas, Virginia, and Washington.

12 Month Bridge Loan

04/08/2020 09/03/2026

The 12-Month Bridge Loan Program provides short-term financing that allows borrowers to access the equity in their property prior to its sale. Loan amounts range from $500,000 to $30,000,000 with a maximum loan-to-value (LTV) of 75%, making it an ideal solution for investors and property owners who need immediate liquidity.

Bridge Loan – 600 Credit Score

This program requires a minimum credit score of 620 and is structured to support time-sensitive transactions. Whether used for repositioning, business purposes, or covering financial gaps, the bridge loan offers a streamlined path to capital without long-term commitment.

DSCR Investor Mortgage Loans

The DSCR Investor Mortgage Loan program offers financing based on property cash flow, without the need for income or employment verification. Loan amounts are available up to $3,500,000 with a maximum LTV of 80%. Borrowers can access cash-out proceeds up to $1,000,000 and benefit from credit score requirements starting at 640.

This program accepts gift funds, allows seller concessions up to 6%, and permits ITIN borrowers. For entity borrowers, a personal guarantee is required. Credit history must show three tradelines reporting for 12+ months or two tradelines for 24+ months, all with recent activity.

Eligible Occupancies: Primary Residence, Second Homes, and Investment Properties

Eligible Property Types: SFR and 1-4 Units

DSCR Highlights:

No Tax Returns and No 4506-T Form
Underwriting Flexibility -Including no requirement for business tax returns.
Higher DTI Ratios Considered
Great take-out financing for construction loans, or hard Money for Investors
Commercial and Income Property Lending
Interest Only Available
Vesting: Trust, Sub S Corporations, LLCs, and Partnerships

Available in the Following States:

Alabama, Arkansas, California, Colorado, Connecticut, DC, Delaware, Florida, Georgia, Hawaii, Iowa, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Non-Prime True No Doc Loan Program

03/22/2020 05/26/2026

Non-Prime – No Income and No Employment

If you’re seeking the right Non-Prime No-Income/No-Employment program requiring minimal documentation.
With no verification of income or employment required, this option is well-suited for investors, and borrowers with or without complex financial profiles who may not fit traditional underwriting standards. The structure focuses on equity, and property stability rather than conventional income metrics, allowing borrowers to secure financing with significantly reduced friction.

This program also supports exceptionally high loan amounts, offering up to 85% LTV and $6 million loan amount, with Super Jumbo solutions extending to $20 million. Liquid assets and reserves are not required, and qualifying alternatives, such as bank statement income options are available up to 85% LTV for borrowers who prefer an additional pathway to approval. Together, these features deliver a true non-traditional lending solution built for borrowers who need both discretion and high-capacity financing

Following are a few underwriting guideline highlights:

Verification of employment and Income – Not Verified
Liquid Assets & Reserves – Not Required
85% LTV Jumbo Financing $6,000,000
Super Jumbo Options – $20,000,000 Loan Amounts
Bank Statement Income Option Available to 85% LTV Financing

Major Derogatory Credit “credit event” Seasoning Requirements:

Bankruptcy – 3 years
Bankruptcy/Foreclosure – 2 years (if not included in a bankruptcy)
Short Sale – 2 Years
Debt Ratio Very Flexible to 61% DTI
Prepayment Penalties Available or More Favorable Rate and/or Pricing

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Mexico, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

90% LTV – ITIN Investors

03/22/2020 09/03/2026

ITIN Mortgage Program – Flexible Financing for Non-U.S. Citizens

Our ITIN Mortgage Program offers an accessible pathway to homeownership or real estate investment for borrowers who do not have a Social Security Number. Designed for individuals using an Individual Taxpayer Identification Number (ITIN), this program provides competitive options without requiring the full documentation demanded by conventional lenders.

Program Highlights

Loan Purpose: Purchase or cash-out refinance on investment properties.
Maximum Loan-to-Value (LTV): Up to 90% on qualified transactions.
Financing Type: Non-Qualified Mortgage (Non-QM), enabling greater flexibility for borrowers with unique profiles.

Income & Asset Documentation

Borrowers may verify income through:
12 months of personal bank statements, or
24 months of business bank statements.
Tax returns, W-2s, 1099s, and IRS schedules are not required. Liquid assets and down payment funds may be verified with approximately three months of bank statements.

Identification Requirements

Acceptable identification includes:

A valid ITIN card,
A current passport, or
A driver’s license from any U.S. state.

Down Payment & Gift Funds

Gift funds may be used toward the down payment, up to 15% of the transaction amount, provided standard sourcing and documentation guidelines are met.

Why Choose Our ITIN Program

This program is ideal for non-U.S. citizens who have established credit or verifiable income but do not qualify for traditional loans due to the absence of a Social Security Number. By leveraging bank statements and alternative documentation, we make it possible for investors and aspiring homeowners to secure financing on favorable terms.

This ITIN Mortgage Program is available in the following states:

6 Month Bank Statement Mortgage Program

01/14/2020 09/09/2026

6-Month Bank Statement Loan – 680 Credit Score

This Six-Month Bank Statement Loan program caters to borrowers with a 680 credit score or higher, designed specifically for those demonstrating substantial income growth in the recent six months. This Non-QM mortgage option provides flexibility for self-employed individuals and business owners who may not qualify through traditional income verification.

Loan Purpose Loan Amount, LTV, Credit Scores

Purchase: $3,000,000 – 10% Down Payment – 680 Credit Score
Purchase: $2,500,000 – 25% Down Payment – 660 Credit Score
Refinance Rate/Term: $2,500,000 – 75% LTV – 660 Credit Score
Refinance Cash Out: $2,000,000 – 75% LTV – 640 Credit Score
Refinance Cash Out: $1,500,000 – 70% LTV – 620 Credit Score

This Bank Statement Loan program is ideal for borrowers that have experienced significant revenue growth in the previous six months in contrast to the previous 6-24 months.

6 Month Income Documentation: Lite Doc

6 Months bank statements in lieu of conventional income documentation such as tax returns, schedule P&L Statements, W2s, paystubs, leases, etc.

Using “Lite Doc” income documentation, the program assesses recent bank statements to evaluate income, allowing borrowers to present only six months of bank activity to qualify.

Verification of Employment for 12 month history:

Business organizational paperwork
Business License or Equivalent
Sellers License

Eligible Property and Occupancy Types:

Second Homes – OK
Debt-Service Coverage Ratio DSCR Loan Programs also available for Non-Owner Occupied only
Townhomes
Condominiums
Non-Warrantable Condos
Multi-Unit Properties (Restrictions Apply)
Mixed-Use Properties (primarily residential)
Owner-Occupied investment property OK

Mortgage Pre-Qualification Form – No Credit Check

Available in the Following States:

Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Maryland, Massachusetts, Mississippi, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

Super Jumbo Investor Loan

01/09/2020 09/03/2026

Super Jumbo Real Estate Investor Loan Program to $5,000,000

This investor program was created for seasoned professional Business Purpose Real Estate Investors for most property types without being required to reveal any sort of conventional income documentation or Verification of Employment documentation and is qualified based on Credit Score/FICO and Cash-Flow of Subject Property.

A key qualification for this type of mortgage is the borrower must own their current primary residence. Exceptions can be made to this guideline if the current primary residence is considerably less in size and quality to the subject property. This loan is a great option for Foreign National Borrowers.

Investor Loan Income Doc Options:

Debt-Service Coverage Ratio | DSCR. DSCR calculation is the executed lease amount or “market rent” (Appraisal Form 1007) divided by the total Housing Expense, which is Principle, Interest, Tax, Insurance, and if applicable, Association dues PITIA. Use the Interest-Only payment for this calculation.

No Ratio: No documentation of any kind

* Verification of Employment (VOE): N/A. No Employment

* Employment Types: N/A

* Reserves Requirements: Reserves Not Required

Eligible Property Types:

* Single Family Residence – Detached

* Single Family Residence – Attached

* Condominiums

* Townhomes

* Multi-Units

* Eligible Occupancies: Investment Property:

Eligible Borrowers:

* LLC – OK

* Foreign National – OK

Credit Criteria:

* Housing Event Credit Seasoning: 2 Years

* Bankruptcy – 2 years required: 2 Years

* Foreclosure – 2 Years

* Short Sale – 1 Year

* Deed in Lieu – 1 Year

Available Terms:

* ARM: 3-, 5- and 7-year

* Fixed:

* 30 Year Fixed (Interest Only Available)

* 40-Year Fixed (Interest Only Available)

Underwriting Guidelines

* No Minimum Debt-Service Coverage Ratio – Calculations under 1.00 – OK

* Purpose/LTV – Credit Score Minimum: 660

* Purchase: Loan-to-Value – 85% LTV

* Cash-Out Refinance: Loan-to-Value – 80% LTV. Liquid Assets Not Required

* Maximum Loan Amount: $5,000,000. >$5,000,000 on a Case-by-Case Basis

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Iowa, 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.

Non-QM Lender Niches

12/21/2019 07/23/2026

Navigating the world of Non-QM Mortgage loan programs and loan officer options can be complex, but understanding the key terms and conditions can empower borrowers to make informed decisions.

Self-Employed | 90% LTV

With options available for loan-to-value ratios (LTV) up to 90% and flexible criteria for self-employed individuals, these mortgage products cater to a diverse range of financial situations.

Whether you’re considering a condotel, utilizing cannabis income, or seeking relief from departing residence liabilities, this guide outlines the essential features of interest-only mortgage terms that can help you secure the financing you need.

Loan Program Highlights

Cash Out Refinance LTV up to 85%: Interest-only loans available with a loan-to-value ratio of up to 85%.
Flexible Borrower Criteria: One 30-day late mortgage payment in the last 12 months is acceptable.
Bank Statement Loans: Borrowers can submit an expense letter for qualification.
Liability Relief: Departing residence liabilities are waived if leased or listed on MLS.
Self-Employment Flexibility: Wage earners transitioning to self-employment under two years are eligible if reasonable.
Entity and Trust Vesting: Accepts vesting in entities and trusts.
Cannabis Income: 420-friendly policies allow cannabis income for qualification.
High LTV Options: LTVs up to 90% available without mortgage insurance (MI).
Gift Allowance: Non-owner occupied properties can utilize gifts up to 80% LTV.
Condotels and Non-Warrantable Condos: These properties are considered for financing.
Alimony Income: Only three months of alimony receipts needed for qualifying income.
TIC Properties: Tenancy in Common properties are accepted.
Asset Depletion: Allowed in conjunction with other income streams, with no minimum balance required.
Newly Self-Employed: Declining income considered with a letter of explanation (LOE).
Business Structure Changes: Accepts changes in business structure (e.g., from Schedule C to 1120).
Note Income Verification: Income from notes with less than 12 months of receipts can be verified.

Available in the Following States:

Alabama, California, Florida, Georgia, Hawaii, Illinois, Maryland, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

ref 1588 5-24-8-23-24-22 250613

Reduced Doc – One Year Employment

12/19/2019 06/16/2026

1099 Only Lite Doc Income Documentation Loan Program

This loan program is for self-employed sole proprietor borrowers and form 1099 income documentation. Independent contractors with a minimum 680 credit score can access mortgage financing.

This lite Doc loan program requires only one year of income and one year of employment verification. Form 4506-C not required.

12 Month Bank Statement Loan Cash Out Refinance 680 Credit Score

* 85% Loan-to-Value LTV to $5,000,000

* Cash Out – $2,000,000 Cash In Hand (not including debt consolidation)

* 12 Months Income and Employment Verification Documentation, Asset Utilization

* Asset Utilization Allowed as a Stand-Alone Source Income (Lite Doc) or in Conjunction

* IRS Form 4506-T and 4506-C is Required for Previous One Year

* Tax Return is Required – One Year for Lite Doc

Credit Requirements

* Two 12 Month Active Tradeline with $1000 Credit Limits, or

* One 24 Month Active Tradeline with $2500 Credit Limit

Minimum Credit Score Requirements

* 600 for the primary income earner

* Two 12 month active tradelines with $1000 Credit Limits, or

* 580 Co-Borrower

Portfolio Non-QM Lender Guidelines & Highlights

Underwriter Niche Guidelines: VOR (Verification of Rent) Not Required

* Credit LOE’s (Letter of Explanation) for previous addresses, work history, recent credit inquiries

* Reserves Not Required on Primary Residence

* No Liquid Assets Requirement for either a Rate and Term Refinances but also, Cash-Out refinance

* No Residual Income requirements

* Six Months Title Seasoning on Market Value Cash-Out Refinance

* First Time Homebuyers qualify the same

* Gift Funds Allowed – 100% Gift Funds with 5% Borrower Contribution

* 55% DTI (debt-to-income) Ratio

* Cash-Out Available

* Fixed-Rate Interest-Only Terms Available

* Prepayment Options Available

Available in the Following States:

Alabama, California, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Condo Mortgage 90% LTV Jumbo

12/10/2019 11/20/2025

Condo Mortgage Program 90% LTV to $2,500,000

Purpose: Purchase, Refinance Cash Out

This 90% LTV condo mortgage program offers low down payment financing for qualified borrowers with credit score requirements and loan amounts reaching up to $2,500,000, the program supports both purchase and cash-out refinance scenarios.

Lenders evaluate credit strength, property type, and overall borrower stability to accommodate a wide range of condo scenarios, including larger loan balances and non-traditional condominium classifications.

These expanded options provide a streamlined path for qualified buyers who require higher LTVs, competitive rates, and underwriting flexibility within today’s complex condo market.

* 90% LTV – $2,000,000 – 700 Credit Score

* 90% LTV – $1,500,000 – 680 Credit Score

* 90% LTV – $3,000,000 – 700 Credit Score

* 85% LTV – $2,500,000 – 660 Credit Score

* 85% LTV – $1,500,000 – 640 Credit Score

Verbal Verification of Employment Options Available (VVOE)

* First Time-Home-Buyer OK – 2 Million Maximum Loan Amount

* 40 Year Fixed Rate – Interest-Only Option with 660 Middle Credit Score

Expanded Guidelines Options for Non-Traditional Condominium Property Types* Inherited Properties – OK. Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out “Using Market Value”

* Delayed Financing – OK

* Eligible Property Types & Occupancies: Primary Residence, Second Homes – SFR Only, Non-Owner-Occupied / Investment – SFR Only. Non-Warrantable Condos and Condotels OK

* Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK

* Power of Attorney OK for Purchase and Rate and Term Refinance

* Non-Occupant Co-Borrower’s OK

* Vesting LLC OK

* Gaps in Employment OK Case-by-Case

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

DSCR No Ratio Jumbo Mortgage

12/10/2019 09/08/2026

DSCR Debt Service Coverage Ratio Loan Program

This DSCR loan program is designed for real estate investors who want to qualify primarily through the rental income generated by the subject property. Unlike many investor programs that limit borrowers to 10 financed properties, this program may allow experienced investors to own up to 25 financed properties.

Borrowers must own their current primary residence.

Jumbo DSCR Loans Up to $10,000,000

Loan amounts are determined in part by the property’s debt service coverage ratio. Properties with stronger rental income may qualify for larger loan amounts, while financing options may also be available for properties with a DSCR below 1.00.

DSCR Loan Program Guidelines and Requirements

Income and Employment Requirements

Qualification is based primarily on the property’s rental income rather than the borrower’s personal income or employment.

Verification of Employment: Not required
Verification of Personal Income: Not required
Debt-to-Income Ratio: Not calculated
Tax Returns: Not required
IRS Form 4506-T: N/A
IRS Form 4506-C: N/A

Debt Service Coverage Ratio Options and Loan Amounts

0.75 DSCR: Up to $3,000,000
1.00 DSCR: Up to $5,000,000
1.25 DSCR: Up to $7,500,000
1.50 DSCR: Up to $10,000,000

Credit and Asset Requirements

Minimum Credit Score: 600
Credit History: Clean credit required for the previous 24 months
Assets: $1,000,000 in cash available for business purposes

Purchase and Rate-and-Term Refinance

720 Credit Score

85% LTV: Up to $2,500,000
80% LTV: Up to $3,000,000
80% LTV: Up to $3,000,000

700 Credit Score

80% LTV: Up to $2,500,000
75% LTV: Up to $3,000,000
70% LTV: Up to $3,000,000

660 Credit Score

75% LTV: Up to $2,000,000
70% LTV: Up to $2,500,000
65% LTV: Up to $3,000,000

640 Credit Score

70% LTV: Up to $1,500,000
65% LTV: Up to $2,000,000
60% LTV: Up to $2,500,000

620 Credit Score

65% LTV: Up to $1,250,000
60% LTV: Up to $1,000,000
55% LTV: Up to $750,000

600 Credit Score

60% LTV: Up to $1,000,000
50% LTV: Up to $750,000
45% LTV: Up to $500,000

Cash-Out Refinance

Cash-out refinancing is available, subject to credit score, LTV, loan amount, property eligibility, and underwriting requirements.

700 Credit Score

75% LTV: Up to $2,000,000
70% LTV: Up to $2,500,000
65% LTV: Up to $2,500,000

680 Credit Score

70% LTV: Up to $2,000,000
65% LTV: Up to $2,500,000
60% LTV: Up to $2,500,000

660 Credit Score

75% LTV: Up to $1,500,000
70% LTV: Up to $2,000,000
65% LTV: Up to $2,500,000

620 Credit Score

70% LTV: Up to $2,000,000
65% LTV: Up to $2,500,000
60% LTV: Up to $3,000,000

600 Credit Score

65% LTV: Up to $1,500,000
60% LTV: Up to $1,000,000
55% LTV: Up to $750,000

Available Loan Terms

30-year fixed-rate mortgage
5/1 adjustable-rate mortgage
7/1 adjustable-rate mortgage
10/1 adjustable-rate mortgage
40-year fixed-rate mortgage with an interest-only option
Minimum 700 middle credit score for the 40-year interest-only option

Property and Transaction Guidelines

Inherited Properties

Inherited properties are permitted, including properties acquired through divorce, legal separation, or the dissolution of a domestic partnership.

Six months of ownership seasoning is required when using the current market value for a cash-out refinance.

Delayed financing is not permitted.

Eligible Property Types and Occupancies

Primary residence: Single-family residence only
Second home: Single-family residence only
Non-owner-occupied investment property: Single-family residence only
Non-warrantable condominiums: Eligible
Condotels: Eligible

Eligible Borrowers and Vesting

Eligible Borrower Types

Foreign nationals
Permanent resident aliens
Non-permanent resident aliens
Non-occupant co-borrowers

Vesting Options

Corporations
Limited liability companies

Power of Attorney

A power of attorney may be permitted for:

Purchase transactions
Rate-and-term refinances

Additional Underwriting Notes

Employment gaps exceeding 60 days are not permitted without an official employment offer letter.
Experienced real estate investors may have up to 25 financed properties.
All loans remain subject to property, credit, asset, reserve, and underwriting requirements.

Available States in the Following States

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

Bank Statement Mortgage to $10,000,000

12/10/2019 05/26/2026

Jumbo and Super Jumbo Bank Statement Mortgage

Secure financing tailored for self-employed borrowers. Qualify with alternative income documentation, ideal for those without traditional income documentation.

Self-Employed Home Loan Options:

Self-Employed borrowers qualify for jumbo and super jumbo alternative income loans up to $10,000,000 with bank statement income documentation.

4 Bank Statement Loan Options

1.12-Months Business Bank Statements – Expense Factor Percentage – Underwriter Discretion Per Business Profile Description Summary

2. 24-Months Business Bank Statements – Expense Factor Percentage – Underwriter Discretion Per Business Profile Description Summary

3. 12-Months Personal Bank Statements – Expense Factor Percentage – N/A, 0% (100% deposit utilization)

4. 24-Months Personal Bank Statements Expense Factor Percentage – N/A, 0% (100% deposit utilization)

* 3 Month and 6 Month Options Also Available

Asset Depletion Utilization

Supplement income with Asset Depletion as an additional or stand alone source of income

Fixed Rate, Interest Only and 40 Year Loan Terms

Choose from 10-year interest-only periods with 30- and 40-year fixed-rate options, tailored for Non-QM mortgage needs.

Available Fixed Rate Terms:

* 30 Year Fixed

* 40 Year Fixed

* 40 Year Fixed/, 10 Year Interest-Only Period Rolls into 30 Year Fixed/ 30 Year Amortization

Super Jumbo Loan Amounts/ Credit Score/ Loan to Value:

Loan Amount	Credit Score	Loan to Value
$10,000,000	740	85% LTV
$10,000,000	720	80% LTV
$10,000,000	700	75% LTV
$10,000,000	680	70% LTV
$10,000,000	660	65% LTV

DTI & Disposable Income

Debt to Income/ Disposable Income Requirements
- 43% DTI with $3000/month
- 50% DTI with $3500/month
- 55% DTI with $4000/month

Eligible Property Types:

Single Family Residence (Attached and Detached) * Condo <4 stories * Non-Warrantable Condo * 2-4 Unit

Eligible Occupancies:

Owner-Occupied, Non-Owner-Occupied, Second Home

Underwriting Notes:

* Housing Payment History – 0 Lates – Previous Two Years
* Occupancy: Primary Residence – 580 Middle Credit Score
* Investment Property – 630 Middle Credit Score
* ITIN or Foreign National Not Allowed
* 15% Gift Funds Allowed on Primary Residence w 5% Borrower Contribution

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, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.

12 Month Bank Statement Loan + VOE Alt Doc

12/10/2019 07/06/2026

Qualify for a mortgage using as little as 12 months of personal or business bank statements instead of traditional tax returns. This alternative documentation loan program is designed for self-employed borrowers, business owners, freelancers, and independent contractors whose tax returns may not accurately reflect their true income.

Whether you’re purchasing a home, refinancing an existing mortgage, or taking cash out, a 12-month bank statement loan offers a flexible Non-QM financing solution with competitive loan amounts, expanded underwriting guidelines, and multiple documentation options.

Why Choose a 12-Month Bank Statement Loan?

A 12-month bank statement mortgage can simplify the qualification process for borrowers with complex income. Instead of relying primarily on taxable income reported on federal tax returns, lenders analyze eligible bank deposits to determine qualifying income. This approach can benefit borrowers who maximize legitimate business deductions while maintaining strong cash flow.

Frequently Asked Questions

Can I qualify without tax returns?

Yes. Qualified borrowers may be able to use bank statements instead of tax returns to document income.

What is a 12-month bank statement loan?

A 12-month bank statement loan is an alternative documentation (Alt Doc) mortgage that allows eligible borrowers to qualify using 12 months of personal or business bank statements instead of traditional tax returns. These Non-QM loan programs are designed primarily for self-employed borrowers, business owners, freelancers, and independent contractors whose taxable income may not accurately reflect their actual cash flow.

Are business bank statements accepted?

Yes. Depending on the loan program and business structure, either personal or business bank statements may be used.

Who qualifies for a bank statement mortgage?

Bank statement mortgages are typically designed for self-employed individuals who have consistent income but may not qualify under conventional lending guidelines. Business owners, entrepreneurs, consultants, freelancers, commission-based professionals, and gig workers are common candidates. Eligibility is based on factors such as documented bank deposits, credit profile, available assets, property type, and overall loan scenario.

Is this a Non-QM loan?

Yes. Bank statement loans are generally offered as Non-QM (Non-Qualified Mortgage) programs designed for borrowers whose income doesn’t fit conventional agency guidelines.

Who is this program best suited for?

Self-employed borrowers, small business owners, consultants, freelancers, independent contractors, commission-based professionals, and gig economy workers often benefit from bank statement loan programs.

Self-Employed Home Loan 600 Credit Score

Self-employed borrowers with credit scores as low as 600 can access flexible home financing through our alt doc mortgage programs. These loans are tailored for business owners, freelancers, and entrepreneurs who may not qualify through traditional income verification.

12 Months Bank Statements – 90% LTV – 680 Credit Score

Go with our 12-Month Bank Statement Loan, which requires only one year of bank statements and employment verification. Borrowers with a 680 credit score can qualify for up to 90% LTV, while those with Non-Prime scores (620+) may still be eligible at slightly reduced LTVs.

This VOE Alt Doc program removes the need for tax returns, offering a simplified path to homeownership for self-employed individuals. Whether you’re a first-time buyer or looking to refinance, this solution provides flexibility without the hurdles of conventional loan requirements.

Super Jumbo Loan Amount Cash Out – $15,000,000

This lender also offers a super jumbo cash out refinance loan ($3,000,000 cash-in-hand). with alternative income documentation with loan amounts up to $15,000,000. This provides a flexible financing option for high-value properties and large loan amounts.

Cash Out LTVs and Credit Scores:

90% LTV – 700 Credit Score – $4,000,000
90% LTV – 680 Credit Score – $3,000,000
80% LTV – 660 Credit Score – $2,500,000
75% LTV – 640 Credit Score – $2,000,000
70% LTV – 620 Credit Score – $1,500,000
70% LTV – 620 Credit Score – $1,000,000

Self-Employment Verification of Employment Options:

Article of Incorporation/ Operating Agreement
CPA Letter or any Licensed Tax Professional
Internet Listing
Business License
Operating Agreement

Instead of requiring two years of tax returns, this program offers multiple income verification methods to fit a variety of self-employed business structures. Borrowers may qualify using personal bank statements, business bank statements, 1099 income, or eligible assets, depending on the loan scenario.

Alternative Income Doc Options:

12 Months Personal Bank Statements
12 Months Business Bank Statements with 3 Months Business Bank Statements
Profit and Loss Statement: Borrower Prepared and Unaudited
Asset Depletion – in conjunction and or stand alone income source

Available Terms:

ARM 5/1
ARM 7/1
ARM 5/1 / 10 Year Interest Only rolls into 30 Year Fixed Market Price
ARM 7/1 / 10 Year Interest Only rolls into 30 Year Fixed Market Price

Available in the Following States:

After Repair Value Purchase Loan (ARV)

11/20/2019 09/03/2026

Our ARV construction loan enables investors to finance the purchase and renovation of a property, leveraging the expected increase in value after repairs are completed.

After Repair Value Rehab Loan Program Explained

An “After Repair Value” (ARV) construction loan is designed to provide financing for real estate investors looking to purchase and rehabilitate properties.

After Repair Value Hard Money Loan Purchase and Rehab

The process involves careful planning, regular inspections, and adherence to the agreed-upon renovation schedule to ensure the project’s success and secure the necessary funding. Here’s how it work with most lenders that offer this product:

Initial Property Assessment:

Lender appraises the property to determine its current as-is value and estimates its ARV based on the proposed renovations.
Identify a property in need of renovation and approaches a lender for financing.

What You Should Know – ARV Loan Approval Process:

The lender evaluates the borrower’s project plans, budget, and experience.
The loan amount is typically based on a percentage of the ARV, often ranging from 65% to 75%.

For example, if the ARV is estimated at $1,000,000, the lender might approve a loan up to $700,000 (70% of ARV).

ARV Disbursement of Funds:

The loan may cover both the purchase price of the property and the renovation costs.
Funds for renovations are often released in stages, or draws, based on the completion of specified project milestones
Inspections are conducted at each stage to ensure that the work is being completed according to the plan.

Interest Rates and Repayment:

ARV construction loans are usually short-term loans with higher interest rates compared to traditional mortgages, reflecting the increased risk.

Borrowers typically make interest-only payments during the renovation period.

Once the project is completed and the property’s value has increased, the borrower can refinance into a long-term mortgage, sell the property, or pay off the loan through other means.

ARV After Repair Value Lending Parameters

Loan Size $100,000 to $5,000,000

LTC Up to 80% of purchase price

Rehab Funding 100%

LTV Up to 70% of the ARV

Term Standard is 12 months. 24-36 months is available

Lien First lien; second lien as additional collateral only

Available in the Following States:

Bank Statement Calculation Mortgage Lenders

11/02/2019 08/14/2026

How is Bank Statement Income Calculated?

Total deposits, less business expense ratio, annualized, multiplied by the % of ownership. Standard 50/50 deposit to expense ratio is used but can be up to 65/35 if supported by a CPA expense statement.

Company Ownership %

Borrower(s) must own at least 50% of the company to use a business account for income.

Business Bank Statements

If the borrower also has a Business Bank Account we will use 100% of personal account deposits averaged over a 12/24 mo. period with 2 mo. business bank statements.

Business Bank Account an expense ratio will be applied

Working from home with no employees is eligible for an 85/15 deposit to expense ratio supported by a CPA expense statement, otherwise max 65/35 ratio.

No Ratio Investor Loan Jumbo

11/02/2019 09/08/2026

DSRC Investor Loan Program – No Income Verification

Qualify for a self-employed mortgage with loan amounts up to $5,000,000 and a 760 middle mortgage credit score. No income documentation, employment verification, or 4506-C form required. This program is ideal for self-employed borrowers seeking a hassle-free approval process without traditional income verification.

Jumbo Loan Amount to $5,000,000

Purchase & Rate/Term Refinance:

740 Credit Score – 90% LTV to $5,000,000
720 Credit Score – 90% LTV to $4,000,000
700 Credit Score – 85% LTV to $3,500,000
680 Credit Score – 85% LTV to $3,000,000
660 Credit Score – 80% LTV to $2,500,000
640 Credit Score – 75% LTV to $2,000,000
640 Credit Score – 75% LTV to $1,500,000
620 Credit Score – 70% LTV to $1,500,000

Refinance Cash Out:

740 Credit Score – 95% LTV to $3,000,000
720 Credit Score – 90% LTV to $3,000,000
700 Credit Score – 85% LTV to $3,000,000
680 Credit Score – 75% LTV to $3,000,000
660 Credit Score – 70% LTV to $3,000,000
640 Credit Score – 65% LTV to $3,000,000

Loan Amounts: $5,000,000 – 760 Middle Mortgage Credit Score

Employment Verification: N/A – 4506-C Form Not Required
Employment Verification Documentation – VOE: N/A
Liquid assets can be used for Additional Income

Income Documentation N/A DTI: N/A

Eligible Property Types:

SFR, 2 Unit, 4 Unit

Eligible Occupancies

Non-Owner Occupied
Investment properties

Credit & Credit Seasoning:

Credit Scores: 620
2 Tradelines, one with a 24 Month History and One with 12 Month History or 3 Tradelines, all with a minimum of 12 Months History

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Stand-Alone Second Mortgage

11/02/2019 05/26/2026

Second Mortgage Bank Statement Loan

A Second Mortgage Bank Statement Loan is an ideal solution for homeowners looking to access their home equity without traditional income verification. This program is designed for self-employed borrowers who may not have W-2s or tax returns but can demonstrate financial stability through bank statements.

Purchase and Cash Out Refinance

This loan can be used for various financial needs, including cash-out refinancing, debt consolidation, or meeting reserve requirements. Whether you’re looking to pay off high-interest debt or reinvest in your business, a second mortgage provides flexible options without the need for conventional income documentation.

12 Month and 24 Month Options

12 Months Personal Account Bank Statements

Borrowers can qualify for this loan by providing 12 months of personal bank statements as proof of income. Lenders analyze deposits to determine consistent earnings, making it a practical solution for self-employed individuals with fluctuating monthly income.

24 Months Business Account Bank Statements

For those seeking higher loan amounts or more favorable terms, lenders may require 24 months of business bank statements. This provides a more comprehensive view of cash flow, allowing self-employed borrowers to showcase business stability and financial health.

Debt-to-Income Ratio to 55%

This loan program allows for a higher debt-to-income (DTI) ratio of up to 55%, giving borrowers greater flexibility in qualifying. A higher DTI threshold accommodates individuals with substantial monthly expenses while still demonstrating the ability to repay the loan.2 Months Most Recent Consecutive Bank Statements – Liquid Assets can be used for Additional Asset Depletion Income

Liquid Reserve Requirements:

3 Months PITIA for Subject Property + 6 Months for each financed REO

This product is ideal for the borrower that wants to protect their low-interest rate first mortgage and would prefer a lump sum (from their equity) upfront.

Jumbo Loan Amounts: $750,000

This Second Trust Deed Program gives the borrower the entire loan amount at once, for them to disperse as necessary and is not a Home Equity Line of Credit (HELOC), where the borrower is using their equity for a HELOC credit line.

Credit Scores & Credit Criteria

* Minimum Credit Score: 620

* Collection and Judgement equaling $300 or more must be paid off

* Any negative tradelines greater than 7 years need not be counted in DTI

Credit Score / Max Loan Amount / Loan-to-Value

* 700 Credit Score – $750,000 to 85% LTV

* 680 Credit Score – $600,000 to 80% LTV

* 660 Credit Score – $500,000 to 75% LTV

* 640 Credit Score – $350,000 to 75% LTV

* 620 Credit Score – $250,000 to 70% LTV

Eligible Business Entities:

* C Corporation

* S Corporation

* LLC

* Revocable Trust

Eligible Occupancies:

* Owner-Occupied/ Primary

* Non-Owner-Occupied/Investment Property (2-Unit)

* Investment Property

* Second/ Vacation Home

Eligible Property Types:

* Single Family Residence – Attached

* Single Family Residence – Detached

* 2 Unit

* 4 Unit

Except for the existing first mortgage, all outstanding title liens must be paid prior to closing.

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.

Non-Prime Lite Doc and Reduced Doc

10/26/2019 08/06/2026

Lite Doc and Reduced Doc Options

Lite Doc – 12-Month Income Documentation

Our alt doc mortgage loan program includes a Lite Doc option designed for borrowers who prefer simplified income documentation. This program allows qualification with just the previous 12 months of income records, offering two convenient paths: One year of W-2 forms paired with 30 days of paycheck stubs, or one year of tax returns combined with a year-to-date profit and loss statement (using the 4506-C form). This flexible approach is ideal for those who need a streamlined process to secure financing.

Reduced Doc – 12-Month Employment Documentation

As an alternative to the standard two years of income documentation, you have two options: either provide one-year W2 alongside 30 days of paycheck stubs year to date (YTD) or submit one year tax returns along with a year-to-date Profit and Loss (P&L) statement.

6 Month Employment Documentation

6 month bank statements can be used exceotion based.

Employment History:

A stable employment history is usually required, with at least two years in the same industry or job.

One Year Verification of Employment | VOE:

Our alternative documentation mortgage loan program offers a Reduced Doc option, a process for verifying employment for the previous 12 months for borrowers who prefer an easy and clean mortgage approval.

Wage Earner Verification of Employment Options:

Written Verification of Employment / WVOE signed by the owner or direct supervisor.
Verbal Verification of Employment / VVOE

For wage earners, the program allows for various Verification of Employment (VOE) options. Borrowers can submit a Written Verification of Employment (WVOE) signed by the owner or direct supervisor, or opt for a Verbal Verification of Employment (VVOE), making the process flexible and accommodating.

Eligible Self-Employment Verification of Employment Options:

Operating Agreement
K1
“CPA Letter” Provided by a Tax Professional such as a CPA, EA, etc.
Internet Listing

You can provide an Operating Agreement, a “CPA Letter” from a tax professional such as a CPA or EA, or even an Internet Listing that confirms the existence and operation of their business. These options offer the flexibility needed for self-employed individuals to qualify for a mortgage.

Income Documentation and DTI:

One year of W-2 forms plus 30 days of recent paycheck stubs, or
One year of tax returns along with a year-to-date Profit and Loss (P&L) statement.

Debt-to-Income (DTI) Ratio:

Lenders assess the borrower’s DTI ratio, with lower ratios improving eligibility.

Credit Requirements

Lenders typically require a minimum credit score between 600 and 680, depending on the program and borrower profile. A score of 620 is often the baseline for qualification, while applicants with a 640 score may qualify for higher debt-to-income ratios up to 55% DTI in some cases.

Three open, active tradelines with at least a one-year history, or two tradelines with a minimum of two years’ history. Meeting these standards helps demonstrate financial stability and strengthens eligibility for competitive mortgage options.

Major Derogatory Credit Requires Only 2 Years Seasoning
Housing Payment History 1 30-Day Mortgage or Rent

Loan-to-Value (LTV) Ratios:

LTV ratios depend on the loan amount, property type, and borrower profile. Typically, higher
LTVs are available for borrowers with better credit scores and lower debt-to-income ratios.

Eligible Property Types:

The program may be available for various property types, including primary residences, second homes, and investment properties.

Residency Status:

Available to U.S. citizens, permanent residents, and, in some cases, foreign nationals with valid documentation.

Available Terms:

40 Year Fixed – with or without 10-Year Interest Only
30 Year Fixed – with or without 10-Year Interest Only
ARMs – 5/1,7/1, 10/1

Available in the Following States:

24 Months Commingle Bank Accounts

10/24/2019 11/10/2026

Multiple Account Niche Bank Statement Mortgage

If it is your bank statements that are holding you back from an approval, this could be the solution loan program for you.

Borrower Prepared Profit and Loss Statement

In lieu of your tax returns, the Borrower Prepared Profit and Loss + 3 months most recent business bank account is applicable to some of our bank statement loan programs.

Alt Doc Leverage and Buying Power

How Can I Qualify?

Qualification is based on a 24-month average of all net deposits, business deductions not subtracted; making it a little easier for a self-employed borrower to qualify for a bank statement mortgage home loan. Requirements for this articulate loan program below. See a list of all of our loan programs (Programs We Offer).

Non Prime Bank Statement Loan – 640 Credit Score to 85% LTV

Purchase Loan – Single Family Residence/Owner-Occupied:

580 Credit Score	640 Credit Score	660 Credit Score
90% LTV – $1,000,000	85% LTV – $2,000,000	80% LTV – $2,000,000
85% LTV – $1,500,000	80% LTV – $2,500,000	75% LTV – $2,500,000
80% LTV – $2,000,000	75% LTV – $3,000,000	70% LTV – $3,000,000
70% LTV – $2,500,000	70% LTV – $3,500,000	70% LTV – $3,000,000

Cash Out Refinance – Single Family Residence/Owner-Occupied:

580 Credit Score	640 Credit Score	660 Credit Score	680 Credit Score
80% LTV – $1,000,000	85% LTV – $1,000,000	85% LTV – $1,500,000	85% LTV – $2,500,000
75% LTV – $1,500,000	80% LTV – $1,500,000	80% LTV – $2,500,000	75% LTV – $3,500,000
70% LTV – $2,000,000	75% LTV – $2,500,000	75% LTV – $3,000,000	70% LTV – $4,000,000

Eligible Occupancies: Owner-Occupied & Second Home. See list of most Investment Property loan programs.

Eligible Property Types: Single Family Residence, Condominiums (warrantable & non-warrantable)

Eligible Liquid Assets: Stocks + Bonds + Retirement Vested** + Money Market Funds + Trust Accounts + Interest/Dividends

Required Credit Criteria:

Housing Payment History
- Mortgage / Rent – No 90-day Lates in the Previous Year
Minimum Tradeline Requirements:
- 3 Tradelines – 1 Year Active History, or 2 Tradelines – 2 Year Active History
Housing and Life Event Seasoning:
- Bankruptcy
  - Chapter 13 – Discharged – 1 Day
  - Chapter 7 – Discharged – 1 Day
Foreclosure – 1 Day
Short Sale & DIL – 1 Day

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Maine, Maryland, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Non-Prime Jumbo 90% LTV

09/18/2019 08/03/2026

Super Jumbo Non-Prime Alt Doc – $10,000,000

Documentation: Bank Statements from 600+ FICO to 90% LTV

Full Income Documentation to 90% LTV | Tax Returns, W2s Profit & Loss statements, leases, Awards Letters, sourcing funds Ford down payment closing cost reserve requirements.

Liquid Assets: 12 months reserves for subject property + 6 months for each additional property owned.

Eligible Occupancies: Primary Residence Only

Interest-Only Options to 75% LTV

Wage Earner Income Documentation: 2 Years W2’s but Not Tax Returns

Credit Notes:

1 Year out of Chapter 7 Bankruptcy Seasoning from 580+ FICO
Unlimited Consumer Lates OK
SFR/Condos/Townhomes/Multi-Units
Unlimited 30-Day Lates to $2 Million
Second Homes to $2 Million
Unlimited Cash Back When Property Owned Free & Clear OR Under 50%

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

12 Month Reduced Doc Mortgage Program

09/18/2019 08/28/2026

The 12 Month Reduced Doc Mortgage Program allows qualified self-employed and W-2 borrowers to use one year of income documentation rather than relying on a traditional two-year income average.

This can be particularly useful for borrowers whose most recent year shows stronger income than the preceding year, including newer business owners, self-employed borrowers with improving income, and wage earners whose earnings have recently increased.

Purchase, refinance, and cash-out options are available, with loan amounts up to $3,500,000 and financing up to 90% LTV, subject to credit score, occupancy, property type, and underwriting requirements.

Reduced Income and Employment Documentation

Traditional full-documentation mortgage underwriting commonly evaluates income over a two-year period.

For self-employed borrowers, that approach can be restrictive when:

The most recent year shows significantly higher income
Business tax deductions reduce taxable income
A newer business has limited operating history
Averaging two years of income produces a lower qualifying figure

This program may allow the lender to qualify the borrower using the most recent 12 months of acceptable income documentation instead.

One Year Income Documentation

Depending on the borrower type, qualifying documentation may include:

One year of personal and/or business tax returns
One year of W-2 income documentation
Supporting employment verification as required
Additional documentation when necessary to establish income stability and continuance

The program is available to both self-employed borrowers and W-2 wage earners.

Self-Employed Borrowers

A traditional full-doc mortgage may require the lender to average income over the preceding two years.

Under this reduced-documentation program, qualified self-employed borrowers may be able to use the most recent year’s income only, which can avoid the impact of a lower prior-year income figure.

W-2 Wage Earners

Qualified wage earners may also be eligible to use one year of W-2 income documentation rather than a full two-year documentation history.

First-time homebuyers may be eligible.

Credit Score, LTV and Loan Amounts

Maximum financing varies by credit score and loan amount.

Credit Score Maximum LTV Maximum Loan Amount:

Credit Score	Loan-to-Value	Loan Amount
680	90% LTV	$1,000,000
680	85% LTV	$1,500,000
680	80% LTV	$2,000,000

The program has a minimum credit score of 640, but the highest LTV tiers require stronger credit as shown above.

Interest-Only Option

Interest-only financing may be available up to 85% LTV, subject to credit score, loan amount, occupancy, and other underwriting requirements.

Eligible Property Types and Maximum LTV

Eligible property types may include:

Single-family residence: up to 90% LTV
Warrantable condominium: up to 85% LTV
Non-warrantable condominium: up to 85% LTV
Duplex: up to 85% LTV
Townhome / townhouse
2-unit property: up to 85% LTV
3-unit property: up to 80% LTV
4-unit property: up to 75% LTV

Maximum LTV is also subject to credit score, occupancy, transaction type, and loan amount.

Eligible Occupancies

The program may be available for:

Primary residences
Second homes
Investment properties

Investment Property Financing

Investment property financing may be available up to:

85% LTV for qualifying purchase and rate-and-term refinance transactions
80% LTV for qualifying cash-out refinance transactions

Lower limits may apply based on property type and other underwriting factors.

Credit Requirements

General credit guidelines include:

Minimum credit score: 640
Chapter 13 bankruptcy: minimum 12 months after discharge
Chapter 7 bankruptcy: minimum 24 months after discharge
Foreclosure: minimum 2 years
Short sale: minimum 2 years
Loan modification: minimum 2 years
Housing history may allow one 30-day late payment during the previous 12 months

All seasoning requirements remain subject to the lender’s current underwriting guidelines.

Tradeline Requirements

The primary borrower generally should have:

At least two open tradelines
Minimum 2-year credit history for qualifying tradelines

Tradelines such as the following may not satisfy the lender’s standard tradeline requirement:

Authorized-user accounts
Deferred-payment accounts
Certain student loan accounts

Specific tradeline requirements may vary depending on the borrower’s overall credit profile.

Additional Program Highlights

Additional features may include:

First-time homebuyers permitted
Gift funds permitted
Purchase financing
Rate-and-term refinance
Cash-out refinance
Interest-only financing available
Loan amounts up to $3,500,000
Reduced 12-month income documentation

Submit a Loan Scenario Without a Credit Check

Borrowers can submit a loan scenario for an initial review without requiring an upfront credit check.

Loan Scenario Form – Credit Check Not Required

States Where the Program Is Available

The 12 Month Reduced Doc Mortgage Program is available in:

Asset Depletion Program

09/17/2019 08/04/2026

Asset Depletion Mortgage Program | Qualify Using Liquid Assets

An Asset Depletion Mortgage Program allows qualified borrowers to use eligible liquid assets instead of traditional employment income to qualify for a home loan. This flexible financing solution is ideal for retirees, high-net-worth individuals, investors, and borrowers with substantial savings who may have significant assets but limited reportable income. Loan amounts are available from conventional limits to super jumbo financing, making this program an excellent alternative to traditional mortgage qualification.

Asset Depletion Income Program to 90% LTV

Our asset depletion programs can also qualify your business as well as your personal bank (100% gross deposits) accounts on either a 6-month, 12-month, or 24-month bank statement programs.

Mortgage Asset-Based Service

We will maximize your credit profile for better credit grades, more buying power to help you qualify for more options, better terms, and additional credit for lower down payment purchase loans and higher LTVs on Rate/Term and Cash Out, higher loan amounts, etc. Liquid assets can also be utilized either as a stand-alone source of qualifying “income” or in conjunction with our other flexible income documentation programs. 75% LTV on Investment Properties and Loan Amounts to $2,000,000 on Primary / Owner-Occupied Properties.

Non-Traditional Income Documentation:

Departing Residence Rental Income – Yes
Projected Rental Income on Investment Property Loans – OK. NOO (60% max LTV on NOO)
Rental Income – We Can Utilize Your Most Recent Year of Rental Income on Schedule E instead of 24-Month History
Rental Income – Properties Not Showing on the 1040s, Allowed Case by Case with Proof of Lease and Canceled Checks

Less Than 2 Year Company History Self-Employed Allowed case by case (80% or less LTV on primary). Most Prevalent Loan Scenario/funded Example has Been When the Borrower Goes from W2 to 1099 and does Not Have a Full 2 Year Tax Returns.

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Second Mortgage Bank Statement Loan

08/24/2019 08/06/2026

Second Mortgage Bank Statement Mortgage Program

This program is ideal for the borrower that wants to protect their low-interest rate first mortgage and would prefer a lump sum (from their equity) upfront.

Stand-Alone Second Mortgage – 55% Debt-to-Income (DTI)

Max Loan Amount: $500,000

Purpose: Jumbo Second Mortgages
Stand-alone Second Mortgage
Stand-alone Second Mortgage
Stand-alone HELOC Second Mortgage
Debt Consolidation Second Mortgage

Acceptable Employment Types

Self-Employed
Business Owner
1099 Independent Contractors

Acceptable Income Documentation

12 or 24 Months Business Bank Statements
12 or 24 Months Personal Bank Statements

Acceptable Employment Verification Documentation

Business License
Articles of Incorporation
Certification
CPA/Tax Preparer Letter

Eligible Business Entities:

Corp
LLC
Sole Proprietor

720 Credit Score

85% CLTV to $400,000
80% CLTV to $500,000
75% CLTV to $750,000

700 Credit Score

85% CLTV to $300,000
80% CLTV to $500,000
75% CLTV to $650,000

680 Credit Score

80% CLTV to $400,000
75% CLTV to $500,0000
70% CLTV to $600,000

660 Credit Score

80% CLTV to $300,000,00
75% CLTV to $400,0000
70% CLTV to $500,000

640 Credit Score

75% CLTV to $300,000
70% CLTV to $400,000
65% CLTV to $500,000

Property Types:

SFR
2 Unit
4 Unit

Eligible Occupancies:

Owner-Occupied
Non-Owner-Occupied Investment Properties

Credit Criteria:

Collection and Judge equaling $300 or more must be paid off. Medical collections need not be paid. Any negative tradelines greater than 7 years need not be counted. Except for the first mortgage, all outstanding title liens must be paid prior to closing.

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Home Renovation Second Mortgage

06/26/2019 09/03/2026

Super Jumbo Second Mortgage Home Renovation Loan Program

Renovations are hard work. Get your financing in line. Feel comfortable and confident your financing needs are locked in. Finding the right financing solution should be simple and quick. In as little as nine days, you can obtain up to $5 million in funding for your investment acquisition.

ARV Home Renovation

The ARV loan program is designed for independent real estate investors who find it tough to qualify. based on the properties as repaired value (ARV). The best short-term interest only solution for acquiring and improving property value for a fix and flip investors.

Program Highlights:
* 720 FICO/Credit Score up to 100% Combined-Loan-to-Value (CLTV)
* 680 FICO Credit Score up to 90% Combined-Loan-to-Value.
* OK to use Cash Out Proceeds to Pay off debt to qualify.
* $175K Line Amount or lower Requires a Drive-by Appraisal Only
* Ok to use Existing Appraisal up to 12 Months old.
* Interest only one year term provides lower monthly payments.
* No Prepayment Penalty
* Allows borrowers to finance improvements.
* Higher LTV than hard money lenders available for investor properties: single family residence (SFR) condominium’s (< 5 floors) and 2-4 units.

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Bank Statement Loan to $5,000,000

02/27/2019 07/13/2026

Our Jumbo Bank Statement Loan offers flexible financing for super jumbo Purchase Rate & Term and Cash Out Refinance transactions. Borrowers can qualify using personal or business bank statements instead of traditional tax returns, making it ideal for self-employed and high-net-worth individuals.

Jumbo Bank Statement Loan Highlights

Purchase, R/T Refinance and Cash Out Refinance
Maximum Cash Out – $3,000,000
Maximum DTI 55%

Bank Statement Income Documentation

12 Months or 24 Months Business Bank Statements
12 Months or 24 Months Personal Bank Statements
Borrower Prepared & Unaudited Profit & Loss Statement
No IRS Form 4506-T or 4506-C Required
Asset Depletion: Utilize Liquid Assets for Additional Qualifying Income

Eligible Borrowers

Employment Types

Self Employed (Defined as > 25% Ownership)

Employment History

One Year Employment History – OK “Lite Doc”

Employment Verification

Business License (or equivalent)
Business Formation Documents
CPA Letter or Equivalent

Reserves Requirements

Six months For self-employed borrowers, liquid reserve requirements – business bank account OK percentage utilization allowed is equal to the percentage of ownership. – For example, 60% of the owner of the business can utilize 60% of the business bank account balance. >25% ownership required.

Eligible Liquid Assets Reference Examples:

Checking Accounts
Savings Accounts
Stocks
Bonds
Mutual funds
Certificates of Deposit
Money Market Funds
Trust Accounts
Retirement Accounts “amount invested”
Trade Equity
Savings Bonds
Trust Accounts
Sale of Real Estate

Eligible Business Structures

C Corporations
S Corporation
LLC
Sole Proprietor

Eligible Property Types

Single Family Residence (SFR) – Attached and Detached
2 Units
4 Units
Condominiums
PUDs

Eligible Occupancy Types

Owner-Occupied
Investment
Second Home (Vacation)

Credit Requirements

Minimum Credit Score: 620
Up to 85% LTV with a 720+ Credit Score

Housing / Life Event Seasoning Requirements

Bankruptcy: 3 Years, 2 Years with Compensating Factors
Foreclosure: 3 Years, 2 Years with Compensating Factors
Short Sale: 3 Years, 1 Years with Compensating Factors
Loan Modification: 3 Years, 2 Years with Compensating Factors

Available in the Following States:

Alabama, Alaska, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, and Washington.

Bank Statements/Asset Depletion to 5-Million

02/26/2019 09/07/2025

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

Self-employed borrowers can now take advantage of alternative income documentation with options to purchase at 90% LTV and cash out at 85% LTV. By using your 1099(s) as a sole proprietor, you can qualify with additional income, demonstrating your ability to repay.

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

Eligible 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, trust accounts, sale of real estate, etc.

Eligible Business Entities:

* Corporation, LLC, Sole Proprietor

Eligible Property Types:

* Single Family Residence – Detached, Single Family Residence – Attached, 2-4 Units, Condominiums, PUD’s

Eligible Occupancies:

* Owner-Occupied

* Investment

* Second Home

Underwriter Notes:

* First Time Homebuyer – OK

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

* Terms: 30 and 40-Year Fixed Rates and Interest-Only Available

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

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.

90% LTV Alt Doc Jumbo – 720 Credit Score

02/25/2019 09/15/2026

Jumbo Bank Statement Mortgage – Up to $5 Million

This flexible mortgage program allows borrowers to secure financing up to $5,000,000 using bank statements for income verification. Ideal for high-net-worth individuals, it accommodates both traditional and self-employed applicants.

Who Qualifies for this Jumbo Alt Doc Loan?

Eligible borrowers include wage earners (as co-borrowers) and self-employed professionals, such as C Corp and S Corp owners, LLC members, partners, and 1099 sole proprietors. This program is tailored for those with non-traditional income streams.:

Purpose / Loan-to-Value %

Purchase – 10% Down Payment
Rate & Term Refinance – 90% LTV Loan-to-Value
Cash Out Refinance – 85% LTV Loan-to-Value

Required Credit Scores, LTVs, and Loan Amounts

720 – 90% LTV – $5,000,000
700 – 85% LTV – $4,500,000
680 – 85% LTV – $4,000,000
660 – 85% LTV – $3,500,000
640 – 80% LTV – $3,000,000
620 – 80% LTV – $2,000,000

Self-Employed Income Documentation

12 or 24 Months Bank Statements
Asset Depletion OK
Form 4506-C Not Required

W2 Wage Earner Income Documentations

W-2’s and paystubs (30 days)
Tax Returns
Form 4506-C Required

Credit Criteria – Scores and Seasoning

Required Credit Scores

620 Minimum
660 to 80% LTV – $500,000 Cash Out
680 to 90% LTV – $1,500,000

Credit Criteria Requirements

“Housing Event” Credit Seasoning:
- Bankruptcy – 12 Months
- Foreclosure – 2 years required
- Short Sale – 2 years required
- Deed in Lieu – 2 years required
- Multiple foreclosures and short sales OK

Required Cash Reserves

3 Months (PITI/PITIA)
3 months PITI for all REO Real Estate Owned

Eligible Property Types

SFR Single Family Residence
Condos – Warrantable & Non-Warrantable
Condotels

Eligible Occupancies

Owner-Occupied
Non-Owner/Investment
Second/Vacation Homes

Available Terms

ARM: 3, 5 and 7 Year
30-Year Fixed (Interest Only Available)
40 Year Fixed (Interest Only Available)

Program Highlights

50% DTI Debt-to-Income ratio
First Time Home Buyers – OK
100% Gift Funds from Family Member – OK
Rent-free housing history OK
Prepayment penalty options
Investors: unlimited financed REO Real Estate Owned OK
Non-Occupant Co-Borrower – OK

Get Prequalified Now before Credit Check

Available in the Following States:

Bank Statement Mortgage – Wage Earner

02/25/2019 07/22/2026

Lite Doc Jumbo and Super Jumbo Mortgage

Purpose: Purchase, Rate/Term and Cash Out (6 Months Purchase/Title Seasoning for “Current Market Value”)

Wage earners may qualify using a streamlined income documentation option that verifies current employment and earnings without a two-year income history. This Lite Doc approach is designed for borrowers with stable W-2 employment and may require only one year of employment verification, the previous year’s W-2, a current year-to-date pay stub, and verbal confirmation of active employment. A signed and executed IRS Form 4506-C may also be required to validate the income documentation provided.

Wage Earner Income Documentation – Lite Doc

One (1) Year Employment Verification
Previous Year W2 and YTD Paycheck Stub
Verbal Verification of Employment
4506-C Signed and Executed

Bank statement loan programs offer multiple income documentation options for self-employed borrowers, allowing the loan structure to be matched to the borrower’s available records and recent cash flow. Depending on the lender and the borrower’s overall qualifications, income may be documented using personal or business bank statements covering periods from one month to 12 months, with certain programs also allowing a profit-and-loss statement to support or supplement the deposit analysis.

Bank Statements for Income: 8 Options:

12 Months Business or Personal Bank Statements
6 Months Personal Bank Statements
3 Months Personal Bank Statements
2 Months Business Bank Statements
1 Month Personal Bank Statement
12 Month + P&L (Profit & Loss Statement)

Eligible Employment Types

C Corporation
S Corporation
Independent Contractor, LLC, Partnerships

Alt Doc Self-Employment VOE Document Options

Business Entity 1 Year:
Articles of Incorporation
Evidence of Ownership: 2 Years: Business License, CPA Letter
Schedule C’s

Wage Earner Co-Borrower: Co-Borrower Verbal Verification of Employment

Liquid Assets Requirements – Separate Sources of Funds Must be Documented and Verified:
85% LTV – 6 Months PITI
80% LTV – 3 Months PITI

Eligible Property Types: SFR – Detached; SFR – Attached; Warrantable Condominiums; PUD’s.

Eligible Occupancies: Owner-Occupied; Non-Owner Occupied / SFR Investment

Credit Criteria and Scores

Credit Score: 600 Minimum
Credit Criteria Notes
Mortgage – 12 Months, 0X30 Days Late. 24 Months, 0X60 Days
Back Taxes, Judgments, Charge-Offs, Tax Liens, Title Liens. All Must Be Paid Before the Closing Table

Credit Seasoning Requirements

Bankruptcy
- Chapter 7 – 24 Months
- Chapter 13 – 36 Months
Foreclosure – 36 Months

Additional sources of income must be documented and verified.

Available in the Following States:

Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Kansas, Kentucky, Maine, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

6 Month Bank Statement Mortgage Loan

02/08/2019 11/15/2025

6 Months Bank Statement Alt Doc Mortgage – 660 Credit Score

Personal or Business account statements can be used with any qualified assets with a mortgage credit score of 660 to a maximum loan-to-value ratio (LTV) of 80%. Exceptions made to 85% LTV per underwriter discretion.

We have lots of different kinds of bank statement loan accommodations including the 6 month variety. We also have 24-month, 12-month, 3-month , and 1-month programs here to serve self-employed borrowers.

Self-Employed Borrower Alternative Income Documentation

Self-Employed & Commission Business Professionals, this 6 Month Super Jumbo Bank Statement Non-Qualified Mortgage (non-qualified-mortgages)

Non-QM loan programs are for all residential property types and occupancy types including investment properties.

Credit Score, LTV, Loan Amount, Occupancy, Property Types, etc. Single Family Residence, Owner-Occupied Matrix:

Purchase & R/T Refinance:

Loan Amount	Loan-to-Value	Credit Score
$5,000,000	85% LTV	740
$4,500,000	85% LTV	720
$3,500,000	80% LTV	700
$2,500,000	75% LTV	680
$1,500,000	75% LTV	660

Cash Out Refinance:

Loan Amount	Loan-to-Value	Credit Score
$3,500,000	80% LTV	740
$3,000,000	80% LTV	720
$2,500,000	80% LTV	700
$2,000,000	80% LTV	680
$1,500,000	75% LTV	660

LTV, Occupancy & Loan Amounts

Investment Property	Second Home
* Single Family Residence (SFR) * 75% LTV – $2,000,000 * 70% LTV – $2,500,000 * 65% LTV – $3,000,000	* Single Family Residence (SFR) * 80% LTV – $3,000,000 * 75% LTV – $3,500,000 * 70% LTV – $4,000,000

Property Type & Occupancy

Eligible Property Types	Eligible Occupancies
* Single Family Residence (SFR) – Attached * Single Family Residence (SFR) – Detached * Condominiums * Non-Warrantable Condos * Condotels * Planned Urban Development (PUD’s) * Duplex * Triplex * 4 Unit	* Owner-Occupied/Primary Residence * Owner-Occupied/Investment Property * Second Homes * Investment Properties (10 Maximum REO) * Owner-Occupied/Primary Residence * Second Homes * Investment Properties (10 Maximum REO)

Mortgage Pre-Qualification Form – No Credit Check

Available in the Following States:

Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Nevada, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

Second Mortgage Bank Statement Jumbo Loan

02/07/2019 06/06/2026

Jumbo Second Mortgage Bank Statement Loan

Our Jumbo Second Mortgage Bank Statement Loan is designed for self-employed borrowers and homeowners seeking high-balance second mortgages without traditional income documentation. This program offers flexible qualification, competitive CLTV limits, and options across multiple occupancy and property types.

Higher loan amounts are available through bank statement underwriting, with CLTV limits based on total combined financing:

CLTV | Loan Amount | Credit Score Matrix

75% CLTV — up to $200,000 — 500 Credit Score

70% CLTV — up to $250,000 — 550 Credit Score

85% CLTV — up to $350,000 — 600 Credit Score

75% CLTV — up to $400,000 — 640 Credit Score

70% CLTV — up to $450,000 — 660 Credit Score

85% CLTV — up to $500,000 — 680 Credit Score

Eligible Property Types

Borrowers may qualify using a wide range of residential property types:

Single-Family Residences
Townhomes
Condominiums
Properties over 4 stories (10% CLTV reduction applies)
Planned Unit Developments (PUDs)

Eligible Occupancies

This program supports multiple occupancy scenarios:

Owner-Occupied
Second Homes (CLTV reduced by 5%)
Condominiums
Properties over 4 stories (10% CLTV reduction applies)
Planned Unit Developments (PUDs)

Cash Reserve Requirements

This program supports multiple occupancy scenarios:

Owner-Occupied
Second Homes (CLTV reduced by 5%)
Condominiums
Properties over 4 stories (10% CLTV reduction applies)
Planned Unit Developments (PUDs)

Cash Reserve Requirements

Cash out can be used as liquid reserves

Credit Score & Tradeline Requirements

Borrowers must also meet credit score and tradeline history requirements:

Minimum FICO score: 620
3 open or closed tradelines with at least 12 months of activity, or
2 tradelines with a 24-month history that includes activity within the past 12 months
Authorized-user accounts do not meet tradeline requirements
Alternative Credit Options (660 Minimum FICO)

Note: Excluded tradelines include accounts with no required payments, deferred loans, derogatory accounts (collections, charge-offs), accounts discharged through bankruptcy. These do not count toward tradeline requirements.

Note: Authorized-user accounts do not meet tradeline requirements.

Note: Borrowers without traditional credit depth, alternative credit is acceptable with a minimum 680 FICO.

Note: Eligible forms of alternative credit include: 12-month verified housing payment history.

Available in the Following States:

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

One Month Bank Statement Mortgage Loan Program

12/20/2018 07/15/2026

Self-Employed Mortgage One Month Bank Statement Option

One-Month Bank Statement Loan for Self-Employed: A flexible mortgage solution for purchases, rate/term refinances, and cash-out options. Ideal for self-employed borrowers, this program requires only one month of bank statements for qualification.

Non-Qualified Mortgage Program Jumbo Loan

The Income is stated and is not calculated (No Ratio) from the One-Month Bank Statement. The main Bank Statement Qualifying Criteria is the ending balance must end in a positive balance with no NSF’s.

Income Documentation – One Month Bank Statement

This One-Month Bank Statement Program is Weighed Almost Entirely on the Credit History of the Borrower and Again is Stated with a 50% Debt-to Income (DTI) Ratio and Cash Reserves are not required.

Form 4506-C Tax Transcripts – Not Required

One Year VOE means your qualifying criteria is based only on the one, most recent year period instead of the standard two-year history. via the standard income VOE which we have little or no control of methods of income history and standard methods of employment verification.

Verification of Employment (VOE) Options

One of the most critical parts of getting approved for a Non-QM, alt-doc loan is verifying employment. 2-year history does need to be verified and is often very easy and convenient. 1-year Reduced Doc available for those with only one year of qualifying employment history.

Self-Employment Verification of Employment:

Accepted VOE sources include but not limited to:
Business License
CPA Letter
EA (Enrolled Agent) Letter
Articles of Incorporation
Government Agency Certificate
Sellers License

Eligible Property Type and Occupancies:

Eligible property types include:
Single Family Residence – Attached (SFR)
Single Family Residence – Detached (SFR
Minimum Credit Score – 620
Clean mortgage history – 5 years seasoned (24-month history verification)

Eligible property types include:

Owner-Occupied
Non-Owner-Occupied (reduce LTV 5%)

Credit Report Requirements

Criteria dept seasoning requirements:
One open account tradeline > 24 months seasoning
Two open account tradelines >12 months seasoning

Housing Event and Credit Event seasoning requirements:

Bankruptcy:
- Chapter 7 – 12 months
- Chapter 13 – 24 month
Foreclosure – 24 months
Short Sale – 24 months
Deed-In-Lieu – 24 months
Consumer Credit Counseling – 24 months
Charge-offs, collections, tax liens – 1 day

Get started: Loan Scenario Form – Credit Check Not Required

Available in the following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kentucky, Maine, Maryland, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

Mortgage Lender With Minimal Overlays

11/28/2018 08/29/2026

This lender offers Conventional, FHA, VA, Jumbo and Non-Agency mortgage programs with minimal underwriting overlays. The lender generally follows agency guidelines without adding unnecessary credit, documentation or underwriting requirements.

This can help borrowers qualify when another lender’s internal overlays create additional conditions beyond the underlying loan program requirements.

Conventional Loan – Minimal Overlays

Assets and Earnest Money

Earnest money deposits may not require sourcing and seasoning when agency guidelines do not require it.
Stock and mutual fund accounts may be documented with the most recent monthly or quarterly statement rather than a two-month history.
Large refinance deposits generally do not require an explanation unless necessary to determine whether borrowed funds or an undisclosed liability are involved.
Gift funds permitted subject to applicable agency guidelines.

Credit and Letters of Explanation

Unnecessary letters of explanation are generally avoided.

Address variations on a credit report do not automatically require an LOE.
Cash-out purpose LOE generally not required.
Credit inquiry LOE generally not required solely because an inquiry appears on the credit report.
Utility-company inquiries generally do not require explanation.
An LOE is not automatically required when the appraised value is below the purchase price.
Recent mortgage ratings appearing on the credit report may eliminate the need for a separate mortgage credit supplement.

Reduced Income and Employment Documentation

Documentation is limited to what is required to support the loan decision.

Pay stubs: One pay stub covering at least 30 days of year-to-date earnings may be sufficient.
P&L statements: Generally not required unless needed to evaluate income stability or a declining-income trend.
Balance sheets: Generally not required for standard income qualification.
Tax returns: Signed returns are generally unnecessary when acceptable IRS transcripts are obtained.
Teachers: Additional written VOE documentation may not be necessary when income can be adequately established from existing documentation.

Fannie Mae Condo Flexibility

Fannie Mae guidelines provide project-review waivers for certain properties, including:

Detached condominium units
Units in 2-4 unit condominium projects

Applicable property and project eligibility requirements still apply.Eligible Occupancies and Properties

Occupancies

Owner-occupied primary residence
Second home
Investment property

Property Types

Single-family residence
Eligible condominiums
2-4 unit properties
Manufactured homes

Non-Subject Real Estate Owned

For financed properties other than the subject property, a recent mortgage statement that clearly includes tax and insurance impounds may be sufficient to establish the housing expense.

Tax and homeowners insurance documentation remains required when necessary for the subject property or when the mortgage statement does not adequately document the expense.

FHA Loans With Minimal Credit Overlays

FHA financing may be available to borrowers who do not meet the higher minimum credit scores imposed by many individual lenders.

Program highlights may include:

Credit scores starting at 500 with eligible automated underwriting
Manual underwriting available
One qualifying credit score may be acceptable for the primary borrower
Gift funds permitted
Non-traditional credit may be considered where permitted
First-time homebuyers eligible
Escrow holdbacks may be available

No unnecessary tradeline overlays

Flexible DTI subject to FHA and underwriting requirements

Borrowers with credit scores between 500 and 579 are generally limited to 90% LTV, while borrowers with scores of 580 or higher may be eligible for FHA maximum financing.

Conventional Loan Programs

Available conventional financing may include:

Fannie Mae loans
Freddie Mac loans
Fannie Mae HomeReady
Freddie Mac Home Possible
Purchase loans
Rate-and-term refinances
Cash-out refinances

Eligibility remains subject to Fannie Mae or Freddie Mac guidelines and the applicable automated underwriting findings.

Jumbo Mortgage Program

Jumbo financing may be available with:

Loan amounts up to $2,500,000
Minimum credit score: 700
30-year fixed-rate options
Adjustable-rate mortgage options

Available ARM structures may include 3-, 5- and 7-year initial fixed periods depending on current lender offerings.

VA Loan Program

VA financing may provide additional flexibility for eligible Veterans, service members and qualifying surviving spouses.

Program highlights may include:

Credit scores starting at 500 with eligible automated underwriting
Manual underwriting available from 560
VA cash-out refinance available
VA cash-out financing may be available up to 100% of reasonable value, subject to VA and lender requirements
Foreclosure seasoning: 2 years
Short sale seasoning: 2 years
Bankruptcy seasoning: 2 years

VA eligibility and Certificate of Eligibility requirements apply.

Non-Agency Mortgage Programs

Non-Agency financing provides alternatives for borrowers who do not meet conventional or government loan requirements.

Program features may include:

Alternative income documentation
Minimum credit scores starting at 560
Bankruptcy seasoning as short as 1 year
Foreclosure seasoning as short as 1 year
Short sale seasoning as short as 1 year
Loan modification seasoning as short as 1 year
Purchase and refinance options
Cash-out refinance

Non-Agency Loan Terms

Available terms may include:

30-year fixed
Interest-only options
Adjustable-rate mortgages

Terms vary according to credit, documentation type, occupancy, LTV and loan amount.

USDA Mortgage Program

USDA financing may be available for eligible borrowers and properties in qualifying rural areas.

Program highlights may include:

Credit scores starting at 580 under applicable lender guidelines
Up to 100% financing for eligible purchase transactions
Manual underwriting available
USDA Streamlined and Streamlined-Assist refinance options

USDA income, property-location and household eligibility requirements apply.

Submit a Mortgage Scenario

Not sure which program applies? Submit your mortgage scenario for an initial review without an upfront credit check.

Mortgage Pre-Qualification Form – Credit Check Not Required

States Where These Loan Programs Are Available

Available in:

Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Nevada, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Texas, Utah, Virginia, Washington, and Wisconsin.

Program availability, guidelines and lender overlays are subject to change.

Disclosure: Broker Mortgages is not affiliated with or acting on behalf of FHA, HUD, VA, USDA, Fannie Mae or Freddie Mac.

Non-QM Interest-Only Jumbo Program

11/21/2018 10/27/2026

This Interest-Only Non-QM jumbo mortgage program is designed for qualified borrowers seeking larger loan amounts with an Interest-Only payment option. New maximum loan amount to $3,500,000. Eligible transactions include purchase, rate/term refinance, and cash out refinance for owner occupied residential properties.

Loan amounts, maximum LTV, reserve requirements, and cash out limits vary by credit score, property type, and transaction structure.

Interest-Only Jumbo Loan Highlights

Interest-Only payment option
Update: Loan amounts up to $3,500,000
Purchase financing
Rate/term refinance
Cash out refinance
Owner occupied primary residences
Single family and eligible 2–4 unit properties
First time homebuyers eligible
Gift funds permitted
Seller contributions permitted
Institutional subordinate financing permitted

Credit Score, LTV, and Loan Amount

Single Family Residence

Minimum Credit Score
740
720
700
680
660

Maximum LTV
90%
85%
80%
75%
70%

Loan Amount
$1,000,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000

2–4 Unit Properties

Minimum Credit Score
740
720
700
680

Maximum LTV
80%
75%
70%
65%

Loan Amount
$2,000,000
$2,500,000
$3,000,000
$3,500,000

Cash Out Refinance

Cash out refinance is available subject to lower LTV limits and maximum cash proceeds.

Minimum Credit Score
720
720
720
720

Maximum LTV
75%
70%
65%
60%

Loan Amount/Cash Out
$1,500,000/$750,000
$2,000,000/$500,000
$2,500,000/$500,000
$3,000,000/$500,000

Cash out limits represent the maximum amount available to the borrower after satisfying applicable liens and eligible closing costs.

Eligible Occupancy

Owner occupied primary residence

Investment properties and second homes are not included under this specific program structure.

Liquid Asset and Reserve Requirements

Reserve requirements are based in part on the loan amount and overall borrower profile.

Single Family Residence Reserve Requirements

Loan Amount/Required Reserves

Up to $1,000,000/6 months
Up to $2,000,000/9 months
Up to $3,500,000/12 months

Additional reserves may be required depending on the number of financed properties, borrower profile, transaction type, and underwriting findings.

Acceptable Liquid Asset Sources

Eligible liquid assets may include:

Personal bank accounts
Business bank accounts
Stocks
Bonds
Mutual funds
Proceeds from the sale of real estate
Personal property liquidation proceeds
Trust fund distributions
Eligible IRA assets
Cash value of life insurance
Business funds
Qualified business ownership interests with documented cash value

Retirement assets may be subject to an eligible percentage based on the borrower’s age, accessibility, and applicable withdrawal restrictions.

Full Income Documentation

Income must be documented and verified in accordance with program underwriting requirements.

Eligible income documentation may include:

Federal tax returns
W-2 forms
Paycheck stubs
Signed rental agreements
Retirement income award letters
Pension income award letters

Applicable tax and income documentation may be validated through IRS transcript verification or other permitted verification methods.

Debt-to-Income Ratio

Debt-to-income is calculated using the borrower’s qualifying monthly income against applicable monthly obligations.

Qualifying obligations may include:

Proposed principal and interest payment
Property taxes
Homeowners insurance
HOA dues, when applicable
Payments on other real estate owned
Installment debt
Revolving debt
Alimony
Child support
Other recurring obligations required by underwriting

Co-signed debt may potentially be excluded from qualifying debt-to-income when acceptable documentation demonstrates that another party has consistently made the required payments.

Debt Consolidation

Debt consolidation may be permitted when eligible debts are paid through the transaction and the payoff reduces the borrower’s qualifying monthly obligations.

This can improve the qualifying debt-to-income ratio when allowed under underwriting guidelines.

Eligible Property Types

Eligible residential property types may include:

Attached single family residences
Detached single family residences
Attached 2–4 unit properties
Detached 2–4 unit properties

Property eligibility remains subject to appraisal, condition, marketability, occupancy, and underwriting requirements.

Credit Requirements

Credit approval is based on the complete borrower profile and demonstrated ability to repay.

Program credit considerations may include:

Mortgage credit scores
Minimum of two credit scores
At least one active tradeline with 24 months of history
At least three active tradelines with 12 months of history
Nontraditional credit is not accepted

Additional credit requirements may apply depending on loan amount, LTV, occupancy, and overall risk profile.

Ineligible Property Types

The following property types or characteristics are not eligible under this program:

Properties with 10 acres or more
Unwarrantable condominiums
Condominiums involved in litigation
Condotels
Cooperative properties
Hobby farms
Commercial properties
Manufactured homes
Modular homes
Log homes
Mixed use properties

Eligible Borrowers

Eligible borrowers may include:

U.S. citizens
Permanent resident aliens
Eligible nonpermanent resident aliens
Borrowers with a valid Social Security number
Borrowers holding an acceptable qualifying visa

Eligible visa categories may include certain A, E, G, H, and L classifications, subject to current underwriting requirements and documentation. .5

Title Requirements

Property must be vested in an eligible individual borrower name
Business entity vesting is not permitted
Inherited properties are not eligible under this specific program

Additional Underwriting Guidelines

First Time Homebuyers

First time homebuyers are eligible subject to the applicable credit, LTV, reserve, and underwriting requirements.

Gift Funds

Gift funds are permitted, with a minimum borrower contribution of 5% where required by the transaction.

Seller Contributions

Seller contributions may be permitted up to 6%, subject to applicable loan amount, LTV, and underwriting limitations.

Subordinate Financing

Institutional subordinate financing may be permitted when it meets program requirements.

Available in the Following States

This Interest-Only Non-QM jumbo mortgage program is available in:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Louisiana, Maine, Maryland, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming.

Program availability, maximum LTV, loan amount, pricing, documentation, and underwriting requirements may vary by state and borrower profile.

Non-Qualified Mortgage Jumbo 55% DTI

11/15/2018 05/02/2026

This loan program is designed for home-buyers (purchase transaction) and home-owners (refinance transaction) that do not want to provide (Form 4506-T not required and Form 4506-C also is not required) or are unable to produce (business and/or personal tax returns, W-2’s, paycheck stubs, lease agreements, etc.) 1099 Only Loans, Asset Depletion, Bank Statement Loans, Business Purpose Loans, Lite Doc, No Doc, Reduced Doc, Stated Income, No Ratio Loans.

Asset Utilization/ Cash-Flow to $4,000,000

Non-traditional income documentation have been on their job/profession business owner for less than two years or have a major credit event on their credit report (Non-Prime) such as a bankruptcy, foreclosure, short-sale, loan modification, or automobile repossession, have a Full Doc debt to income ratio higher than 43%, (as his as 55% DTI)

55% Debt-to-Income DTI Ratio

55% DTI OK with term flexibility, 40-year amortization payment with or without an “interest-only” payment option or Conventional High Balance fall-out.

Loan Purpose/ Percentage of Financing:

Purchase – 90% LTV
85% LTV Rate/Term Refinance
80% LTV Cash Out Refinance

3 Options for Self-Employed

Alt Doc (24 months income and/or employment):

Income Documentation Program: | “Alt Doc” 24 Months (income documentation
24 Months Bank Statements Asset Depletion in conjunction
2 Years1099(s) Asset Depletion in conjunction
P&L Only (Borrower Prepared & Unaudited P&L)
Previous 24 months with 2 months most recent business bank statements to support

Lite Doc (12 months income documentation history)

Income Documentation Program: | “Lite Doc” 12 Months (income documentation)

12 Months Bank Statements
Asset Depletion in conjunction
12 Months 1099(s)
Asset Depletion in conjunction
P&L Only
Previous 12 months with 2 months most recent business bank statements to support

Reduced (12 months employment documentation history)

Our Employment Program(s) offers a “Reduced Doc” option, requiring only 12 months of employment history for self-employed and W2 wage earners.

This flexible program accepts various forms of employment documentation, including Articles of Incorporation, business certificates, and buyers licenses. Additionally, P&L Only Industry Certification issued by the government is also recognized.

Self-Employed & W2 Wage Earner Reduced Doc:

Employment Documentation Program: | “Reduced Doc” 12 Months Employment History (employment documentation)

* Articles of Incorporation AOI

* Business Certificate

* Buyers License

* P&L Only Industry Certification (government issued)

12 or 24 Month Bank Statement Options

Our program accepts 12 or 24 months of bank statements for employment verification through bank statements or asset depletion/utilization methods. This flexible approach accommodates various financial scenarios by recognizing both asset depletion and bank statements. With options for 12 or 24 months of bank statements, we provide a comprehensive solution for employment documentation.

Self-Employed Alt Income: Borrower Prepared P&L ~

Our Self-Employed Alt Income program allows self-employed borrowers to use borrower-prepared P&L statements for income verification. For co-borrowers who are W-2 employees, only 1 year of W-2 is required instead of the traditional 2-year documentation. This flexible approach is based on bank statement cash flow, making it easier for self-employed individuals to qualify.

Non-prime lending caters to borrowers who do not qualify for conventional loans due to factors like limited credit history, lower credit scores, or recent financial setbacks such as bankruptcy or foreclosure. These loans often come with higher interest rates and fees to offset the increased risk to lenders, but they provide an essential opportunity for individuals to access financing when traditional avenues are unavailable.

Lenders offering non-prime loans typically evaluate a wider range of criteria beyond standard credit scores, such as employment history, income stability, and alternative credit data. For example, they may accept a mortgage credit score of 660 or lower and consider major credit events like bankruptcy, foreclosure, short sale, or loan modification if they occurred at least 2-3 years ago. This flexible approach allows borrowers with unconventional financial backgrounds to secure loans, albeit with stricter terms and higher costs, enabling them to rebuild credit and improve their financial standing over time.

Borrower Credit Profile Note Highlights:

Credit Notes:

Required Credit Scores: 620 FICO Minimum
Mortgage Credit Score: 660 minimum middle score with <3 tradelines

Major Credit Event Seasoning:

Bankruptcy – 3 years from discharge date
Foreclosure – 2 years
Short-Sale – 2 years
Loan Modification – 2 years

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Maine, Maryland, Missouri, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

Non-QM Low Doc Jumbo

11/09/2018 08/21/2026

One-Year W-2 Jumbo Mortgage Program

Our One-Year W-2 Jumbo Mortgage Program provides a flexible alternative to traditional jumbo financing by allowing qualified borrowers to verify income with just one year of W-2s. Designed for borrowers with a recent employment history, strong earning potential, or a job change within the past two years, this low-documentation program offers an easier path to qualifying for a high-balance mortgage. Available for purchase, rate and term refinance, and cash-out refinance, loan amounts are available up to $6,000,000 with competitive Non-QM underwriting guidelines.

Non-Qualified Mortgage Jumbo Programs

This Non-QM mortgage product is from a Portfolio lender and has unique unseasoned employment and super jumbo loan amounts.

Maximum Jumbo Loan Amount – $6,000,000

Non-QM super jumbo income documentation for self-employed borrowers and W2 commission employee.

Asset Utilization and Cash-Flow such as bank statements and investments (including unseasoned distribution account/agreement monthly income) Program – Creative Financing. This unique loan program is designed for borrowers who fall just outside prime jumbo.

Two Documentation Categorical Bank Statement Options

Twenty-Four Months Business Bank Account with or without Asset Depletion (asset utilization) or,

Twelve Months Personal Bank Account with or without Asset Depletion (asset utilization)

Six Months Person or Business Bank Statements

Low Doc Income and Employment History

One Year W-2 and/or 1-Year Tax Return (stand-alone or in conjunction) with YTD Profit & Loss (P&L) – Borrower Prepared and unaudited.

Bank Statements and Low Doc Programs are for Self-Employed Borrowers Only. Co-Borrower W-2 Employee OK for Low Doc – 1 Year W-2 in Lieu of the Traditional 2-Year Requirement

Max Debt-to-Income Ratio: (DTI) 50% Based on and/or (stand-alone or in conjunction) Liquid Assets, Cash-Flow and Real Estate Portfolio equity.

Loan Purpose / Percentage of Financing

Purchase – 10% Down Payment
Refinance – 90% LTV
Cash Out Refinance – 85% LTV

Credit Notes & Highlights

Minimum Mortgage Credit Score: 660 (middle score)

Two Years Seasoning Required on Bankruptcy, Foreclosure, and Modification

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Reference – 1245587

Bank Statements – Jumbo Mortgage – Interest Only

11/06/2018 08/21/2026

12-Month & 24-Month Bank Statement Loan Program

This Non-QM mortgage program offers competitive or larger loan amounts, flexible (manual) underwriting, and Interest-Only (30-year and 40-Year fixed) payment options for qualified applicants wit a minimum middle credit score of 640. Whether you’re purchasing a primary residence, refinancing an existing mortgage to improve your rate and or term, or taking cash out, this option might be a good fit for you!

12-Month vs. 24-Month Bank Statement Loan

Our 12-Month and 24-Month Bank Statement Loan Program is for anyone self-employed borrowers, that is but not limited to business owners, independent contractors, investors, real estate investors, and other professionals whose tax returns may not accurately reflect their true income. Instead of being limited to traditional income documentation, qualified borrowers can get away with using eligible personal or business bank statements to show their ability to repay.

Loan Program Highlights

Up to 80% LTV
Purchase Loans: $3,000,000 (660+ Credit Score, 6 Months Reserves)
Cash-Out Refinance: $2,500,000 (680+ Credit Score, 6 Months Reserves)

Interest-Only Available for Owner-Occupied / Primary Residences

Qualified borrowers can finance the purchase of a home or refinance an existing mortgage with competitive loan-to-value ratios based on credit score and loan amount. The following guidelines outline the maximum financing available for owner-occupied primary residences.

Owner-Occupied / Primary Residence:

Purchase & Rate/Term Refinance Highlights

640 Credit Score: 75% LTV – $1,500,000
660 Credit Score: 80% LTV – $2,000,000
680 Credit Score: 85% LTV – $2,500,000
700 Credit Score: 90% LTV – $3,000,000

A cash-out refinance allows eligible homeowners to convert home equity into cash while replacing their current mortgage. Loan eligibility is based on occupancy, credit profile, available equity, and the overall strength of the loan file. If you don’t want to refinance your first mortgage, see: Alt doc second mortgage options.

Cash Out Refinance Highlights

640 Credit Score: 70% LTV – $1,000,000
660 Credit Score: 75% LTV – $2,000,000
680 Credit Score: 75% LTV – $1,500,000
700 Credit Score: 70% LTV – $2,500,000

Borrowers purchasing or refinancing a second home may also qualify. Financing limits and maximum LTVs vary by credit score, occupancy, and transaction type.

Second Home Loan Highlights

660 Credit Score: 75% LTV – $1,500,000
680 Credit Score: 75% LTV – $2,000,000
700 Credit Score: 85% LTV – $1,500,000
700 Credit Score: 90% LTV – $2,500,000

Second Home Cash-Out Refinance

700 Credit Score: 65% LTV – $1,500,000
720 Credit Score: 60% LTV – $2,500,000

Non-Owner Occupied / Investment Property:

Purchase & Rate/Term Refinance

660 Credit Score: 65% LTV – $1,500,000
680 Credit Score: 70% LTV – $1,500,000
700 Credit Score: 65% LTV – $1,500,000
720 Credit Score: 70% LTV – $2,000,000

Cash-Out Refinance Notes

Maximum Cash-Out: 55% of Total Loan Amount (up to 75% LTV)
LTV < 55%: Unlimited cash-out
Florida Condos: 55% LTV Maximum

Interest-Only Payment Feature: Available up to 80% LTV

Borrowers must meet liquid reserve requirements. Eligible funds may include personal accounts, certain business assets, and other qualifying liquid investments, subject to program guidelines.

Liquid Asset and Reserve Requirements

Full assets required for both down payment and closing costs)
Business bank account funds can be used as reserves if the borrower is 100% owner

Certain investment and retirement assets may be considered when evaluating financial strength and reserve requirements. Eligible assets are discounted based on liquidity and market risk, as outlined below.

Eligible Assets (Asset Utilization)

Stocks, Bonds, Mutual Funds: 75% considered
Retirement Funds (Invested): 65% considered
Gift of Equity, not allowed

Documentation Requirements

Credit Report: Must be less than 90 days old at closing)
Income & Assets: Must be less than 90 days old at closing

Available 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.

Prime and Non-Prime Bank Statement Options

10/09/2018 07/09/2026

Self-Employed Borrower Income Documentation

Portfolio direct lender functions as a direct lender boasting its unique portfolio loan of products and programs. They autonomously determine Non-QM and Non-Prime manual underwriting decisions. Moreover, portfolio lenders have the capability to lend their own funds alongside a portfolio they either contribute to or commit to for a predetermined lending service term.

Bank Statement Income Deposits

The business industry and business model can dictate your expense factor. Flexible “expense ratio” options for the bank statements, both business and personal account statements.

Loan Scenario Form – Credit Check Not Required

Bank Statement Income Documentation Options

12 month Personal or Business Bank Statements
24 month Personal or Business Bank Statements
1099 Only Loans for Sole Proprietors/Independent Contractors
Asset Based features for additional qualifying income

Major credit events only require two years of seasoning. Mortgage late’s OK not to exceed 3 x 60 x 24 including rolling late within the previous 24 months including rolling lights within the most recent previous 12 month time.

Minimum Credit Score	Max Loan-to-Value	Max Loan Amount	Reserves
700 FICO	90% LTV	$4,000,000	12 Months
680 FICO	85% LTV	$3,500,000	12 Months
660 FICO	80% LTV	$3,000,000	9 Months
640 FICO	75% LTV	$2,500,000	9 Months
620 FICO	70% LTV	$2,000,000	6 Months
600 FICO	65% LTV	$1,500,000	3 Months
580 FICO	60% LTV	$1,000,000	3 Months

Lender Solutions and Niche Loan Products

This loan program works well for borrowers that fall outside the standard Non-QM box with credit scores as low as 600 and minimal tradelines required.

Cash Out to $1,500,000. Additional details below.

Eligible Property Types:

Single Family Residence (SFR) – $3,500,000 Maximum Loan Amount
2-Unit – $2,500,000 Maximum Loan Amount
4-Unit – $2,000,000 Maximum Loan Amount

Eligible Occupancies:

Owner-Occupied/Primary Residence
Second Home to 85% LTV
Non-Owner-Occupied/Investment

Available Terms:

15 Year Fixed – Interest Only Allowed
30 Year Fixed Interest-Only Allowed
40 Year Fixed and Interest-Only Allowed

Additional Underwriting Highlights:

Non-Occupant Co-Borrowers – Allowed
First Time Buyers OK
Non-Permanent Resident Aliens – OK

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

90% LTV – $1,500,000 – 4 Months Reserves

06/16/2018 07/16/2026

Self-Employed Borrowers – Forms 4506-T / 4506-C Not Required

This Alt Doc Home Loan program allows you to qualify using bank statements, providing a flexible solution for millions of self-employed Americans, making homeownership more accessible for those who do not or cannot use their traditional income documentation.

Full Income Documentation Alternative – Bank Statements

With our program, you can qualify using bank statements, making it easier for self-employed people to obtain reasonable mortgage financing.

Alternative Income Documentation for Self-Employed Borrowers

Self-Employed borrowers do not want to provide Full Doc income documentation to qualify for a mortgage. Moreover, do not want to sign IRS Form 4506-C for federal tax transcripts.

12 Months and 24 Months Bank Statements – Tax Returns Not Required

Explore our Jumbo niche loan program, designed specifically for self-employed borrowers seeking alternative income documentation loan programs for their next home purchase or real estate investment.

Full Income Also Available – DTI (Debt-to-Income Ratio): 55%

Matrix: Credit Scores/ Loan Amounts/ Transaction LTVs

Credit Score	Loan Amount	Purchase & R/T Refinance	Cash Out Refinance	Months Reserves
640	$1,500,000	90% LTV	85% LTV	4 Months
650	$2,000,000	90% LTV	85% LTV	6 Months
660	$2,500,000	85% LTV	80% LTV	6 Months
670	$3,000,000	80% LTV	75% LTV	9 Months
680	$4,000,000	75% LTV	70% LTV	12 Months
690	$5,000,000	70% LTV	65% LTV	18 Months
700	$5,000,000	65% LTV	60% LTV	Months
710	$1,500,000	85% LTV	80% LTV	6 Months
720	$2,000,000	80% LTV	75% LTV	6 Months
730	$2,500,000	75% LTV	70% LTV	9 Months
740	$3,000,000	70% LTV	65% LTV	9 Months
750	$4,000,000	65% LTV	60% LTV	12 Months
760	$5,000,000	55% LTV	50% LTV	18 Months

Eligible Property Types:

Single Family Residence
Condo (non-warrantable condo maximum loan amount – $2,000,000)
2-4 Units – Maximum LTV – 85%

Eligible Occupancy Types:

Owner-Occupied
Non-Owner-Occupied
Non-Owner-Occupied
Condo (non-warrantable condo maximum loan amount – $2,000,000)

Underwriter Notes & Credit Notes:

DTI (Debt-to-Income Ratio): 55%
Interest-Only Available
$5,000,000 Maximum Loan Amount
640 Minimum credit score
No mortgage lates allowed in the 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 – No Limit
Maximum CLTV (outside second) – 95% CLTV (Combined-Loan-to-Value)

Terms Available: ARM’s: 5/1 LIBOR, 7/1 LIBOR, Fixed Rate, 30 Year Fixed, 15 Year Fixed, Interest Only – 120 Month Term

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

Non-Prime Mortgage 80% LTV 600 Credit Score

06/16/2018 07/25/2026

Niche Loan Non-Prime Mortgage

Our non-prime jumbo mortgage loan program offers flexible financing options, allowing borrowers to qualify using either 12 or 24 months of bank statements.

Bank Statement Program for Self-Employed, 24 months

This program is designed to meet the needs of those who may not fit full income documentation criteria while seeking substantial loan amount options to consider. Speak to a Loan Officer (800) 718-8906.

Non-Prime Bank Statement Cash-Out Programs

This loan program includes cash-out options, allowing you to access up to $3,500,000 in loan amounts. Highlights of this program include the ability to take unlimited cash out up to $2,000,000 with up to 70% LTV, providing flexible and substantial financial solutions for those with unique lending needs.

Super Jumbo Program Benefits

The non-prime mortgage loan program offers flexible loan-to-value (LTV) ratios for owner-occupied properties. With this program, borrowers can secure up to 85% LTV for loan amounts up to $3,000,000, 80% LTV for loans up to $3,500,000, and 75% LTV for loans up to $4,000,000. These options provide opportunities for homeowners to access substantial financing tailored to their needs.

Cash Out Highlights:

Unlimited cash out (cash in hand) up to $2,000,000 to 70% LTV
Cash out up to $3,000,000 loan amount for debt consolidation
Cash Out qualifies for reserve requirement

LTV Highlights:

One day out of Short Sale up to 80% LTV program with 600 credit score
85% LTV to $1,500,000 loan amount, Owner-Occupied program
80% LTV to $1,000,000 loan amount, Owner-Occupied program
75% LTV to $2,000,000 loan amount, Owner-Occupied program
85% LTV Investment Non-Owner Occupied
Cash-Out Refinance to 90% LTV

Asset Depletion

Income documentation – not required
Employment Not Required
Qualify with enough Liquid Assets to equal loan amount or use 100% of Liquid Assets to cover 7 years / or 84 Months of Principal Interest Tax and Insurance “PITI” and Liabilities (subject to lender)

How Asset Depletion is Calculated: (subject to lender):

Borrower total sum of qualified liquid assets is greater than or equal to the total loan amount, no additional “income” is required to support the borrower’s Ability-to-Repay; or just to illustrate and support the “Ability to Repay” (A-T-R) rule, also known as a “non-trid” loan program, or

Take the total amount of qualified liquid assets and divide that number by 84 (months), the sum of which can be utilized as a monthly income figure for debt ratio purpose, for example: $1,000,000 in liquid assets divided by 48 – $20,883 usable income. This source number can represent a borrowers’ total “monthly income” as a “stand-alone” source or in conjunction with any other type of income i.e., W2 salary and/or commission, bank statements (cash-flow) from either the primary or co-borrower.

Niche Guideline Highlights:

No Employment – borrower does not need to be currently employed
55% DTI based on a 40-year Interest-Only Payment
This loan program can be combined with any other lender income documentation program
The borrower only must show two months of statements from a qualifying account
90% LTV for Purchase and 75% Cash-Out Refinance
Down to 500 Credit Score / Fico
Owner-Occupied or Investment Property

Available in the Following States:

24 Months Bank Statements – Business or Personal/ Co-Mingle

05/26/2018 08/20/2026

12 or 24 Months Business or Personal Bank Statements

More and more Self-Employed Americans are finding it much easier to obtain reasonable mortgage financing. Without the alternative income documentation programs, we offer to Self-Employed borrowers, it would be very difficult to qualify for a mortgage.

Employment: Self-Employed Only 25% or > Company Ownership

For 90+% of Self-Employed Borrowers, trying to qualify for any Owner-Occupied property financing is a difficult and frustrating experience.

Alternative Income Documentation – 600 Credit Score

Alt Doc programs such as: Bank Statements, 1099(s) Only, Asset Utilization and Asset Depletion programs. Stated Income also available for owner-Occupied and non-owner-occupied properties would be far more. This large market segment and an underserved market demographic.

Interest Only available with a 40-year fixed, with 10-year Interest Only (I/O) period. to LTVs to 95% including 5% Gift Money. + 5% Borrower Contribution) with a 620 middle credit score.

Bank Statements and Terms, by Month

One Month – Business Account
Three Month – Business and/or Personal Account
Six Month – Personal Account
Twelve Month – Business Account or Personal Account (co-mingle business and personal account(s) with borrower prepared P&L)
Twenty-Four Month – Business Account or Personal (co-mingle business and personal account(s) with borrower prepared P&L)

Loan Purposes: Purchase, Refinance – Rate/Term & Cash Out

Maximum Cash-in-Hand – $2,000,000
Bridge Financing Available

~ Loan Program Matrix – Purchase and Rate/Term Refinance ~

Loan Amount	Loan to Value	Credit Score
$1,500,000	65% LTV	550 FICO
$2,000,000	75% LTV	580 FICO
$3,000,000	80% LTV	640 FICO
$3,000,000	85% LTV	680 FICO
$3,000,000	90% LTV	700 FICO

Loan Program Matrix – Cash Out Refinance

Loan Amount	Loan to Value	Credit Score
$1,500,000	70% LTV	580 FICO
$2,000,000	75% LTV	640 FICO
$2,500,000	80% LTV	660 FICO
$3,000,000	85% LTV	680 FICO
$3,000,000	90% LTV	700 FICO

Eligible Occupancies:

Primary
Second Home
Non-Owner-Occupied: Investment Property, Owner-Occupied / Non-Owner-Occupied, Investment Property

Eligible Property Types:

Single Family Residence (SFR) – Attached and Detached
Condominiums
Unwarrantable Condos – Not Allowed
2-Unit Duplex
3-Unit Triplex
4-Unit

Available Terms:

30-Year Fixed
40-Year Fixed with optional Interest Only

Credit Notes: Major Event Seasoning:

Bankruptcy:
- Settled – 70% LTV
- One Year Seasoned – 80% LTV
- Two Years Seasoned – 85% LTV
- Three Years Seasoned – 90% LTV
Foreclosure:
- Settled – 75% LTV
- One Year – 80% LTV
- Two Years – 85% LTV
- Three Years – 90% LTV
Short-Sale:
- Settled – 75% LTV
- One Year – 85% LTV
- Two Years – 90% LTV
Deed-in-Lieu:
- Settled – 75% LTV
- One Year – 70% LTV
- Two Years – 80% LTV

General Documentation Notes

Documentation Expiration:

Credit Report: <90 Days old at closing
Income and Assets: <90 Days old at Closing

Eligible Liquid Assets Account Types:

Socks, Bonds, Mutual Funds: 75%
Retirement Funds Amount Invested, 65%
Gift of Equity OK

Mortgage Prequalification Form – No Credit Check |

Available in the Following States:

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

c1-11t-10l1-117

95% LTV Jumbo Unlimited Cash-Out to $2,500,000

05/22/2018 04/11/2026

High 95% LTV Cash Out Financing

5% Down Payment for your Jumbo purchase or 95% LTV Jumbo financing for Rate / Term refinance. Cash Out is also available on this program & may be used for any purpose including reserve requirements. 95% LTV cash out by exception only. Interest Only feature available – 620 middle “mortgage credit score”. Non-occupant borrowers – OK (income, reserves, and credit profile)

Bank Statement Loan Details

One-year alternative income documentation programs are considered Lite Doc. Lite Doc – 1-Year (55% DTI) “Lite Doc” only pertains to employment history documentation /verification., Sole Prop, C Corp, S Corp, LLC. < 2 Years and Reduced Doc

Alt Doc Income Documentation Options: No Doc | No Ratio | Stated Income | Lite Doc | Reduced Doc | Alt Doc | Business Purpose

Alt Doc – 24 Months Alternative Income Documentation

Income documentation can be 1099 Only, bank statements and/or different asset depletion product enhancements. 2 year alternative income documentation programs are considered Alt Doc

Lite Doc – 12 Month Income Documentation

Lite Doc programs require only 1 year, Alt or Full Doc program with traditional income documentation. There are a few worthwhile reasons to do this. The difference being 1 year less documentation verification to deal with.

Reduced Doc (Employment History) – 12 Months

Reduced Doc programs require only 1 year employment history

Reserve Requirement Notes: Business funds OK. However, the borrower must be 100% owner or will be required to obtain a CPA Letter stating the cash withdrawal would not have an adverse impact on the business. Foreign Funds acceptable, too with 30 days seasoning in an American bank.

Cash-Out Refinance: 90% LTV unlimited cash-out with 760 credit score on Owner-Occupied Only to $1,500,000 – No Mortgage Insurance.

Available Terms: 40-Year fixed, 40-Year fixed Interest Only (40-year am, 10 year i/o), 30-Year fixed (30-year am, 10 year i/o), 30-Year fixed Interest Only, 10/1 ARM, 10/1 ARM Interest Only

Purchase & Rate/Term Refinance:

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
720	95% LTV	$2,500,000	6 Months PITIA	SFR, Condos and PUD’s
720	90% LTV	$3,500,000	9 Months PITIA	SFR, Condos and PUD’s
720	85% LTV	$4,000,000	12 Months PITIA	SFR, Condos and PUD’s
720	80% LTV	$5,000,000	12 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance – 720 Credit Score:

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
720	95% LTV	$1,500,000	6 Months PITIA	SFR, Condos
720	90% LTV	$2,000,000	9 Months PITIA	SFR, Condos
720	85% LTV	$3,500,000	12 Months PITIA	SFR, Condos
720	80% LTV	$4,000,000	12 Months PITIA	SFR, Condos

Purchase – 700 Credit Score


700	80% LTV	$2,500,000	6 Months PITIA	SFR, Condos and PUD’s
700	80% LTV	$3,500,000	9 Months PITIA	SFR, Condos and PUD’s
700	75% LTV	$4,000,000	12 Months PITIA	SFR, Condos and PUD’s
700	70% LTV	$5,000,000	12 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
700	75% LTV	$,3,000,000	6 Months PITIA	SFR, Condos
700	70% LTV	$3,500,000	9 Months PITIA	SFR, Condos
700	65% LTV	$4,000,000	12 Months PITIA	SFR, Condos
700	60% LTV	$4,500,000	12 Months PITIA	SFR, Condos

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
680	80% LTV	$2,000,000	6 Months PITIA	SFR, Condos and PUD’s
680	75% LTV	$2,500,000	9 Months PITIA	SFR, Condos and PUD’s
680	70% LTV	$3,000,000	12 Months PITIA	SFR, Condos and PUD’s
680	65% LTV	$4,000,000	12 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
680	75% LTV	$2,000,000	6 Months PITIA	SFR, Condos
680	70% LTV	$2,500,000	9 Months PITIA	SFR, Condos
680	65% LTV	$3,000,000	12 Months PITIA	SFR, Condos
680	60% LTV	$4,000,000	12 Months PITIA	SFR, Condos

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
660	75% LTV	$2,000,000	6 Months PITIA	SFR, Condos and PUD’s
660	70% LTV	$2,500,000	9 Months PITIA	SFR, Condos and PUD’s
660	65% LTV	$3,000,000	12 Months PITIA	SFR, Condos and PUD’s
660	60% LTV	$4,000,000	12 Months PITIA	SFR, Condos and PUD’s

* Alt Doc – Bank Statements – 24 Months

Purchase and Rate/Term Refinance (Non–Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
720	80% LTV	$2,500,000	6 Months PITIA	SFR, Condos and PUD’s
720	75% LTV	$3,000,000	9 Months PITIA	SFR, Condos and PUD’s
720	70% LTV	$3,500,000	12 Months PITIA	SFR, Condos and PUD’s
720	70% LTV	$4,500,000	12 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Non–Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
720	75% LTV	$2,000,000	6 Months PITIA	SFR, Condos
720	70% LTV	$2,500,000	9 Months PITIA	SFR, Condos
720	70% LTV	$3,500,000	12 Months PITIA	SFR, Condos
720	60% LTV	$4,000,000	12 Months PITIA	SFR, Condos

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
700	75% LTV	$2,000,000	6 Months PITIA	SFR, Condos and PUD’s
700	70% LTV	$2,500,000	9 Months PITIA	SFR, Condos and PUD’s
700	70% LTV	$3,500,000	12 Months PITIA	SFR, Condos and PUD’s
700	60% LTV	$4,000,000	12 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
700	75% LTV	$2,500,000	9 Months PITIA	SFR, Condos
700	70% LTV	$3,000,000	12 Months PITIA	SFR, Condos
700	70% LTV	$3,500,000	18 Months PITIA	SFR, Condos
700	70% LTV	$4,500,000	18 Months PITIA	SFR, Condos

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
680	75% LTV	$2,000,000	6 Months PITIA	SFR, Condos and PUD’s
680	70% LTV	$2,500,000	9 Months PITIA	SFR, Condos and PUD’s
680	70% LTV	$3,000,000	12 Months PITIA	SFR, Condos and PUD’s
680	70% LTV	$4,000,000	12 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
680	75% LTV	$2,000,000	6 Months PITIA	SFR, Condos
680	70% LTV	$2,500,000	9 Months PITIA	SFR, Condos
680	70% LTV	$2,000,000	12 Months PITIA	SFR, Condos
680	65% LTV	$3,000,000	18 Months PITIA	SFR, Condos

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
660	70% LTV	$1,500,000	9 Months PITIA	SFR, Condos and PUD’s
660	70% LTV	$2,000,000	12 Months PITIA	SFR, Condos and PUD’s
660	70% LTV	$1,500,000	18 Months PITIA	SFR, Condos and PUD’s
660	65% LTV	$2,000,000	18 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
660	70% LTV	$1,500,000	6 Months PITIA	SFR, Condos
660	70% LTV	$2,000,000	9 Months PITIA	SFR, Condos
660	70% LTV	$1,500,000	12 Months PITIA	SFR, Condos
660	65% LTV	$2,000,000	12 Months PITIA	SFR, Condos

* Lite Doc – Bank Statements – 12 Months *

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
720	80% LTV	$2,500,000	6 Months PITIA	SFR, Condos and PUD’s
720	75% LTV	$3,000,000	9 Months PITIA	SFR, Condos and PUD’s
720	70% LTV	$3,500,000	12 Months PITIA	SFR, Condos and PUD’s
720	70% LTV	$4,500,000	18 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
720	75% LTV	$2,500,000	6 Months PITIA	SFR, Condos
720	70% LTV	$3,000,000	6 Months PITIA	SFR, Condos
720	70% LTV	$3,500,000	12 Months PITIA	SFR, Condos
720	65% LTV	$4,500,000	12 Months PITIA	SFR, Condos

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
700	80% LTV	$2,000,000	6 Months PITIA	SFR, Condos and PUD’s
700	75% LTV	$2,500,000	9 Months PITIA	SFR, Condos and PUD’s
700	70% LTV	$3,000,000	12 Months PITIA	SFR, Condos and PUD’s
700	65% LTV	$3,500,000	12 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
700	75% LTV	$2,000,000	6 Months PITIA	SFR, Condos
700	75% LTV	$2,500,000	9 Months PITIA	SFR, Condos
700	70% LTV	$3,000,000	12 Months PITIA	SFR, Condos
700	70% LTV	$3,500,000	12 Months PITIA	SFR, Condos

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
680	75% LTV	$2,000,000	9 Months PITIA	SFR, Condos and PUD’s
680	75% LTV	$2,500,000	12 Months PITIA	SFR, Condos and PUD’s
680	70% LTV	$3,000,000	18 Months PITIA	SFR, Condos and PUD’s
680	70% LTV	$3,500,000	24 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
680	70% LTV	$2,000,000	6 Months PITIA	SFR, Condos
680	70% LTV	$2,500,000	12 Months PITIA	SFR, Condos
680	65% LTV	$3,000,000	12 Months PITIA	SFR, Condos
680	65% LTV	$3,500,000	12 Months PITIA	SFR, Condos

Purchase (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
660	75% LTV	$2,000,000	6 Months PITIA	SFR, Condos and PUD’s
660	75% LTV	$2,500,000	9 Months PITIA	SFR, Condos and PUD’s
660	70% LTV	$2,000,000	12 Months PITIA	SFR, Condos and PUD’s
660	70% LTV	$2,500,000	12 Months PITIA	SFR, Condos and PUD’s

Cash Out Refinance (Owner-Occupied)

Credit Score	Loan to Value	Loan Amount	Reserves (REO)	Property Type
660	75% LTV	$1,500,000	6 Months PITIA	SFR, Condos
660	70% LTV	$2,000,000	9 Months PITIA	SFR, Condos
660	65% LTV	$2,000,000	9 Months PITIA	SFR, Condos
660	60% LTV	$2,000,000	9 Months PITIA	SFR, Condos

Eligible Transactions: Purchase and Rate / Term Refinance: 95% LTV Purchase or Rate & Term refinance with 720 credit score on Owner Occupied only – No Mortgage Insurance.

Eligible Occupancies: Owner-Occupied / Primary Residence, Second Homes, Investment

Ineligible Property Types: Non-Warrantable Condos, Condotels

Underwriter Notes:

* Non-Occupant Co-Borrowers OK *

* DTI allowed up to 55% – $1,000,000 Cash-Out

* This loan program is considered a “non-prime” loan product because it will allow for past mortgage late payments up to 90 days late.

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

90% LTV – 12 Months Personal Bank Statement

05/14/2018 09/15/2026

Bank Statement Jumbo to 90% LTV Financing Guidelines

12 Months Bank Statements or One Year 1099 “1099 Only Program”. Form 4506-T and 4506-C Not Required

This program simplifies the income verification process compared to the typical personal bank statement loan program which would require 2-3 months supporting business bank statements. Sole proprietors can also qualify with 12 months personal bank statements along with their 1099s for additional income. So sole proprietors can use a one-year 1099 or 12 months bank statements or both!

Personal Account – 0% Expense Factor (100% deposit utilization)

Eligible Transactions:

Purchase – 10% Down Payment
Rate & Term Refinance – 90% LTV
Cash Out Refinance – 80% LTV: $1,500,000 Maximum Cash Out

Eligible Employment Types:

C Corp
S Corp
Independent Contractor

Super Jumbo Loan Amounts to $4,000,000 – 75% LTV

Verification of Employment (VOE)

Business Organization Paperwork ex: Articles of Incorporation
CPA/Tax Professional Letter stating Percentage of Ownership and number of years business existence.
Business License
Sellers License
Internet Business Listings

Reserves Requirements: 6 Months (PITI/PITIA). Note: cash out does not qualify as reserves

Credit Criteria: “Life Event” Credit Seasoning:

Bankruptcy – 12 Months 17
Foreclosure – 24 Months
Short Sale – 12 (unless included in bankruptcy counts as one event years required)
Deed in Lieu – 2 Years Required

Non-Prime options also available. Non-prime mortgage loan programs don’t require the standard five or seven years credit seasoning on the “life credit events” people deal with for stuff like this.

We can accommodate folks that have a 12-month seasoning period for bankruptcy and Short sales, and 24 months for foreclosure. A short sale necessitates a 12-month wait unless included in a bankruptcy, counting as one event.

Required Credit Scores:

600 Minimum
660 to 80% LTV – $1,000,000 Maximum Cash Out
680 to 90% LTV – $1,500,000

Eligible Property Types:

SFR Single Family Residence
Second Home (75% maximum LTV)
Condos – Warrantable Only

Eligible Occupancies:

Owner Occupied
Non-Owner/Investment
Second/Vacation Homes

Available Terms:

ARM 5/1 & 7/1, 30 year, and 40 year
Fixed: 30 Year Fixed, 40 Year Fixed with Interest Only (I/O) Available

Underwriter Notes:

First Time Home-Buyer – 85% LTV Max
Multiple Foreclosures and Short Sales – OK
5% of Gift Funds must come from borrowers’ own funds. Source required.

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Louisiana, Maine, Maryland, Mississippi, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Portfolio Jumbo Low Doc – One Year P&L Statement Only

05/08/2018 08/20/2026

Self-Employed Home Loan Program

This kind of loan product is for the Self-Employed borrower that can produce a 1-year P&L along with a letter from their tax professional verifying 2+ years of self-employment history in lieu of traditional tax returns and also can be an alternative to a “bank statement loan” for the well-qualified borrower.

Self-Employed Home Loans – All Income Documentation Programs

Product Term: 7/1

Forms 4506-T and 4506-C Not Required

Self-Employed Income Documentation Options:

Low Doc: Income documentation type: 1-year profit and loss statement
24-month P&I Principal and Interest Reserves for Subject Property only

Documentation Options and Highlights

680 Credit Score – $1,000,000 | 70% LTV
700 Credit Score – $1,500,000 | 65% LTV
720 Credit Score – $2,500,000 – 60% LTV
680 Credit Score – $1,000,000 | 65% LTV
700 Credit Score – $1,500,000 | 60% LTV
670 Credit Score – $1,500,000 | 60% LTV

Documentation Options and Highlights

YTD and prior year P&L completed by an unverified independent third‐party.
Business License or CPA Letter verifying 2 years 25% ownership.
4506-T not required.
Tax returns not required.
Paycheck stubs not required.
2-month Bank Statements
6 Months Purchase Seasoning required for Cash Out Refinance
12 Months P&I in US Financial Institution
Non-Owner Occupied OK

Credit History Notes:

Previous Housing Payment History, 1 “30 day late” maximum
3 open accounts on credit at minimum 1 year seasoned.
Housing Event” Seasoning
BK – 3 years
Short Sale – 2 years
Foreclosure – 2 years

Underwriter Notes:

No Reserves Requirement
Foreign Nationals
Liquid assets from the business are OK if 100% ownership
W2 (co) borrower: Written Verification of Employment
LTV <60% Loan amount to $1,000,000 – 6 months Principal and Interest payment
LTV >60% – 12 months Principal and Interest payment
Passport, I‐94 & valid VISA (F‐1 and F‐2 type not allowed)
Passport & either I‐94W or proof of ESTA Approval on VISA Waiver Program
Borrowers must have a U.S. address at the time of application.
Foreign down payment, closing costs, and/or reserves must be transferred to U.S. institution.
Automatic Debit payment from U.S. institutions
12-month P&I reserves deposited prior to funding
100% Gift funds OK and 60% Foreign National

Eligible Property Types:

SFR Single Family Residence and PUD
Condos
2 – Units
3 – Units
4 – Units

Available in the Following States:

California, Colorado, Florida, Georgia, Oregon, Texas, Tennessee, and Washington.

545 c277 12041

Hard Money Loans

05/03/2018 07/22/2026

Hard Money

Below are some of our featured loan programs. Call with questions! (800) 718-8906.

DSCR No Ratio Cash Out Refinance

Flexible DSCR No Ratio loans up to $3,500,000 with LTVs to 85%. Available for purchases, refinances, and cash-out up to $500K. Eligible for SFRs, condos, non-warrantable condos, and multi-units.

09/04/2025 11/11/2026

DSCR Second Mortgage Loan Program

This DSCR Second Mortgage lets investors leverage property equity based on rental income—no tax returns or personal income verification required.

10/24/2025 09/03/2026

Contact a Loan Officer

California Hard Money Jumbo – 80% LTV

Hard money jumbo loans in California offer flexible financing with no personal income verification, allowing borrowers to qualify based on liquid assets for reduced investor

08/05/2021 09/03/2026

Jumbo Private Hard Money Program

Hard Money Loan Program All Property Types (Except Land & Manufactured Homes) 1st Trust Deeds Available and 2nd Trust Deed HELOC’s from $250,000 – $10,000,000

04/10/2014 09/03/2026

Hard Money Loan Asset Based Program

Stated Income / No Doc This hard money asset-based stated income / No Doc loan program is designed for borrowers who need an asset-based lending

06/14/2023 09/03/2026

720 Credit Score Second Mortgage – 85% CLTV

This second mortgage program is designed for qualified borrowers with a 720 credit score seeking financing up to 85% combined loan-to-value (CLTV). It may be

10/27/2014 07/25/2026

Contact a Loan Officer

Portfolio Jumbo – Stated Income California

10/07/2017 08/24/2026

True Stated Income 2026 | Form 4506-C Not Required

An alternative to the “bank statement loan” program for the well-qualified self-employed borrower. You could say this is an equity-based loan program in that the max LTV would be 80%. You could also call it a “portfolio loan” or “Non-QM” mortgage.

Self-Employed Home Loan Income and Employment Documentation

Stated Income/Verified Asset mortgage programs are for borrowers that own their own business. Business entity types: C corporation, S corporation, LLC, partnerships. Employment and income sections on application left blank; No Ratio Alt Doc. Submit your loan scenario for Loan Officer review. (credit check not required!)

On a refinance transaction, the purpose of a program like this is to improve the borrower’s existing mortgage, Rate & Term refinance.

With a substantial down payment purchase or good equity-position refinance, excellent credit with liquid assets in the amount of at least 12 months housing expense reserves. It can be an alternative to a “bank statement loan” program for the well-qualified borrower.

California Only

Acceptable Self Employment Proof of Ownership

Business License
Business Certificate
CPA Letter verifying 2yrs+ ownership including % of ownership, etc.
EA Letter verifying 2yrs+ ownership including % of ownership, etc.
Description ‐ Business, Industry, and Borrower’s Title on 1003
Product Term: 7/1. Interest-Only payment is available.

Eligible Property Types:

Single Family Residence SFR
PUD
Condos
2-4 Units

Credit Score Loan Amount / Credit Score / LTV Matrix

Credit Score	Loan Amount	Loan-to-Value	Property Type
720	$4,000,000	90% LTV	Single Family Residence
700	$3,500,000	85% LTV	Single Family Residence
680	$3,000,000	80% LTV	Single Family Residence
660	$2,500,000	70% LTV	Single Family Residence

Credit Score	Loan Amount	Loan-to-Value	Property Type
720	$3,500,000	80% LTV	2 Unit
700	$3,000,000	75% LTV	2 Unit
680	$2,500,000	70% LTV	2 Unit
660	$2,000,000	65% LTV	2 Unit

Reserves Requirements:

All Stated Income Loans require 12 Months P&I Principle & Interest cash reserves for each property financed.
Exceptions are common with compensating factors.
Stated Income / Asset Based (whichever is higher):
Stated Income on 1003 (reasonable for job position/job title) or no doc or no ratio loans
Verified Assets including down payment + / 6 = Income

Employment Verification Documentation

W-2 Employee – VVOE Verbal Verification of Employment / Current Employment (1003 application) must show on credit report,

Underwriter Notes and Highlights

Non-Owner-Occupied Investment OK
2-4 Units – OK
Exception down to 660 Credit Score
Loan Amounts to $2,500,000
Loan Amount exceptions made to 15,000,000.
Interest Only not available
No 4506T not required.
Tax returns not required.
Paycheck stubs not required.
2-month Bank Statements
Liquid assets from the business are OK if 100% ownership.
DTI Max 45%
Foreign Nationals OK
100% Gift funds OK and 60% Foreign National

Credit Notes Requirements:

Previous housing payment history, 1 30-day late Maximum
3 open accounts on credit at minimum 1 year seasoned.

“Housing Event” Seasoning Requirements:

Bankruptcy – 3 years
Short Sale – 2 years
Foreclosure – 5 years

Underwriter Notes:

Exceptions down to a 660 Credit Score w compensating factors and substantial “Benefit to Borrower”
Maximum loan amounts – $5,000,000. Loan amount exceptions made to 15,000,000
Interest Only – Available
No 4506-C Not Required
Foreign Nationals OK
100% Gift Funds OK
Maximum LTV 70% for Foreign National

Available in the Following States: California

Reference # 123-34c52-100717

580 Credit Score to $1,500,000

09/09/2017 09/11/2026

Non-Prime Mortgage Loan Program – 580 Credit Score

Our Non-Prime Mortgage Loan Program is designed to help borrowers with less-than-perfect credit access home financing. Co-borrowers must have a minimum 580 credit score and may not exceed 42% of total income contribution. This program requires full income documentation and supports various loan purposes.

Program Highlights:

Maximum Loan Amount: $1,500,000
LTV Limits:
Purchase & Rate/Term Refinance: Up to 80% LTV
Cash-Out Refinance: Up to 75% LTV

Cash-Out Limits:

Up to $300,000 at 75% LTV
Up to $200,000 at 80% LTV

Guideline Highlights

Owner-Occupied Properties Only
Maximum DTI: 45%

Reserve Requirements:

3 months PITI for primary residence
Additional 3 months PITI per additional property owned

This program is ideal for borrowers who may not qualify for traditional financing but can provide full documentation and meet the credit and income requirements.

Credit Notes:

Bankruptcy history: 1 year seasoned
Foreclosure history: 1 day
Short Sale history: 1 day
Loan Modification history: 1 day

Credit Depth and Criteria:

Active Tradelines – 3 years
Total Tradelines – 6 years
Credit History – 6 years
Judgments and collections may be required to be paid-off before the closing date including tax liens and back-child support.

Eligible Property Types:

Single Family Residence
2-Unit
4-Unit

Eligible Occupancies:

Owner-Occupied
Non-Owner-Occupied
Second Home
Permanent resident aliens OK with 660 Credit Score / FICO Score
First Time Homebuyer – OK to 80% LTV

Available in the Following States:

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

Super Jumbo Mortgage Manual Underwrite

04/10/2016 09/16/2026

Manual Underwrite Super Jumbo Mortgage

Super Jumbo Non-Conventional Mortgage Loan Program | Flexibility | Freedom | Buying Power

Mortgage financing freedom ability available to purchase a home or expand your real estate portfolio manually underwritten home loan program and can be for anyone with either an overall credit profile deficiency or high compensating factors such as liquid reserves and equity position, Real Estate Owned. (REO) portfolio.

Unconventional Super Jumbo Mortgages Loans

We have originated and closed this loan program with > 60% debt-to-income ratio (DTI).

Manual underwriting is not just a Non-Prime opportunity or Near-Prime “non-agency” program alternative. Non-Agency, “a-paper fall out” solutions Super Jumbo loans with loan sizes of up to $30,000,000. Depending on the scope of the loan, final approval may require upper management signature or loan committee approval.

Portfolio Jumbo lenders can underwrite their loans in-house retaining control of the file, application to funding all under one roof.

This loan program is like Hard Money because of the flexible and equity-based guidelines but also can come with pricing very reasonable, possible concessions not included.

Alt-A loan program or a Prime Portfolio lender

It has been described as an Alt-A loan program or a Prime Portfolio lender niche “specialty programs”. It is also like an Asset Depletion loan.

Why? She had a lot of equity in her newly acquired rental properties.

We were able to utilize her rental income from properties as new income, ownership seasoning not required. Conventional lenders require 2 years ownership seasoning before they will qualify as income. There are always compensating factors. See Jumbo Loan guideline highlights below. Call us to get prequalified.

Employment Requirement

1-year employment history OK

Maximum Jumbo loan amount:

$4,000,000

Loan Purpose:

Purchase
Refinance
Cash Out Refinance

Maximum LTV Loan-to-Value:

Credit Criteria:

No Seasoning requirements for foreclosure, short sale, or bankruptcy
Close in as little as 9 Days

Required Credit Score:

540 minimum, exceptions made with compensating factors
Maximum DTI: Debt-to-Income ratio: 60% or higher, typically derived from liquid assets.

Eligible Occupancy:

Owner Occupied / primary
Owner Occupied multi-unit
Non-Owner Occupied / Investment property

Property Types:

Single Family Residence SFR
Condo
Duplex
Triplex
1-4 Unit

Available Terms:

5 Year ARM
7 Year ARM
10 Year ARM
Interest Only payment option available on all terms

Underwriter Notes:

Can utilize rental income to strengthen file, ownership seasoning not required and you can use real estate equity to meet liquid reserve requirements. Liquid assets documented with just 2 months account statements and will be verified by a third-party.

Eligible Borrowers:

Foreign Nationals OK:
Foreign bank accounts for reserves- OK
Foreign credit score / Fico accepted.
Business Legal Entity:
OK for purchase transactions, requires corporation ID number.
No defined credit score / FICO score requirements

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, and Wisconsin,

Reference # 555 10 -5 -5

Alternative Income Documentation Jumbo Program

04/05/2016 08/13/2026

Alt-Doc Mortgage Program | Forms 4506-T and 4506-C Not Required

90% LTV (loan-to-value) Financing
$1,500,000 – Maximum Loan Amount:
$3,500,000 – Maximum Loan Amount:
6 Month Reserve Requirement for primary residence + 3months for Each additional property owned (and financed)

Residual Income Requirement: / DTI

DTI Less Than 35% – $3000 Monthly Residual Income
DTI Greater Than 35% – $4000 Monthly Residual Income

Property Types:

SFR Single Family Residence
PUD Planned Urban Development
Condo
Non-Warrantable Condo

Debt-to-Income DTI – 50% with 680 Credit Score to 80% LTV

Interest Only payment Available – 680 Credit Score

Gift Funds

100% financing available with 20% gift

Underwriting Notes:

Super Jumbo Loan Amounts require a second appraisal

Credit Notes:

0 30 Day Mortgage Lates – 12 Month History
25 Maximum Properties Owned:
Investment Property or Second Home – 10 Maximum unless LTV
Less than 75%, LTV, No Limit

Available in the Following States:

Alabama, Arizona, California, Colorado, 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, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Reference # 214 554488

Stated Income Home Builder Construction Loan Program

03/14/2016 08/24/2026

This stated income construction loan program provides short-term financing for home builders, developers, and qualified borrowers completing residential construction projects. Loan amounts are available from $200,000 up to $10 million, with financing up to 70% loan-to-value (LTV) and 85% loan-to-cost (LTC).

Stated Income Financing up to $10,000,000

Traditional IRS income verification using Forms 4506-T or 4506-C is not required. Business entities and foreign nationals are eligible, and financing is available for single-family residences and residential properties containing up to four units.

Stated Income Construction Loan Highlights

Minimum loan amount: $200,000
Maximum loan amount: $10,000,000
Up to 75% LTV
Up to 90% LTC
Forms 4506-T and 4506-C not required
Short-term construction financing
Blanket loans available
Construction completion financing available
Construction draw disbursements available
Business entities eligible
Foreign nationals eligible

Available Construction Loan Terms

Loan terms are available for:

4 months
6 months
9 months
12 months

Shorter loan terms may provide a lower overall financing cost depending on the transaction and loan structure.

Loan-to-Value and Loan-to-Cost

The stated income home builder construction loan program provides financing up to:

70% LTV – Loan-to-Value
85% LTC – Loan-to-Cost

Final leverage is subject to the property, project, borrower qualifications, construction budget, and lender underwriting requirements.

Eligible Property Types

Eligible residential property types include:

Single-Family Residence (SFR)
2-Unit Properties
3-Unit Properties
4-Unit Properties

Eligible Occupancy Types

Financing may be available for:

Owner-Occupied Properties
Non-Owner-Occupied Properties

Eligible Borrowers

The program may accommodate several borrower structures, including:

Individual borrowers
Business entities
Foreign nationals
Construction Completion and Draw Disbursements

Financing may be structured for new construction or the completion of an existing construction project. Construction funds may be disbursed through scheduled draws as work is completed and verified according to lender requirements.

Blanket financing may also be available when multiple eligible properties or construction projects are included within a single loan transaction.

Stated Income Construction Loan Underwriting

This program uses an alternative underwriting approach and does not require Forms 4506-T or 4506-C for traditional IRS income verification.

When there are multiple borrowers, the lender qualifies the transaction using the lowest middle credit score of the borrowers.

Additional underwriting requirements may apply based on the loan amount, property type, construction experience, project budget, liquidity, credit profile, and requested leverage.

States Where the Construction Loan Program Is Available

The stated income home builder construction loan program is available in:

Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Louisiana, Maine, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin.

Bank Statement Super Jumbo Loan

01/11/2016 08/07/2026

Non-Prime Super Jumbo Bank Statement Loan – 600 Credit Score

Non-Prime Bank Statement Loans provide financing for borrowers with a 600+ credit score. Self-employed individuals using personal or business bank statements, including commingled accounts is OK to verify income.

Super Jumbo options are available, allowing high loan amounts without traditional income documentation. These loans suit non-prime borrowers seeking tailored solutions.

Commingle Business and Personal Bank Account Statements

Experience adaptable Non-QM income documentation options designed for self-employed borrowers. Use personal, business, or commingled bank statements to verify income with ease.

Forms 4506-T and 4506-C Not Required

Alternative Income and Verification of Employment Documentation Options: 24 Consecutive Months. For this program, Underwriter will utilize 100% of Personal Bank Statement deposits and as much as 90% (Expense Factor) of Business Bank Statement deposits along with:

P&L or Expense Letter

“Borrower Prepared and Unaudited Profit and Loss” or an expense Letter from CPA or Tax Preparer Professional

These loans offer unmatched versatility, eliminating the need for traditional income proof while accommodating diverse financial profiles. Perfect for borrowers seeking tailored solutions.

Self-Employed Income Documentation Alternatives

Bank Statements
Borrower Prepared P&L
Tax Returns Not Required

Jumbo Maximum Loan Amount – $10,000,000

Flexible Debt-to-Income Ratios – 55%
Full Doc for Salary Employee – W-2’s and 30 Days Paycheck Stubs
Full Doc for Commission Professional – 2 years 1040’s and Profit and Loss Statement
Liquid Assets Not Required
No Mortgage Lates
No Liquid reserve requirement – $0

Questions? Mortgage Pre-Qualification – Without a Credit Check

Loan-to-Value (LTV) – Middle Credit Scores:

Purchase

90% LTV – 700
85% LTV – 680
80% LTV – 660
75% LTV – 640
70% LTV – 620
65% LTV – 620

Cash Out Refinance

85% LTV – 700
80% LTV – 680
75% LTV – 660
70% LTV – 640
65% LTV – 620
60% LTV – 600

Major Derogatory Credit Seasoning Requirements:

Bankruptcy – 2 Years Seasoned
Foreclosure – 2 Years Seasoned

Property Types:

Single Family Residence (SFR)
Condo
Non-Warrantable Condos
Townhouse
2-4 Unit
Condotels Case-Specific

Eligible Occupancy Types:

Owner-Occupied
Non-Owner-Occupied
Second Home

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Private Money 70% LTV

06/26/2015 07/25/2026

Soft Money Mortgage Program

Exceptions made to 75% LTV for qualifying counties in the state of California. This means that the pricing is less than the traditional Hard Money type loan program.

Alt Doc Income Documentation referred to as a No Doc or Business Purpose for Non-Owner Occupied and Business Purpose for Owner-Occupied for Purchase, R&T Refinance and Cash Out Refinance.

Private Money Loans – Up to 75% LTV

Access private money loans up to 70% LTV for purchases or cash-out refinances. Ideal for investors needing quick approvals and flexible terms.

Benefits of a 75% LTV Private Loan

Close quickly with minimal documentation
Competitive rates for short-term or bridge needs
Financing for residential or commercial properties

Submit your scenario online or call our experts to secure a private money loan with up to 70% loan-to-value.

Loan Amounts:

Minimum – $250,000
Maximum – $40,000,000

Property Types:

Single Family Residence – Attached (SFR)
Single Family Residence – Detached (SFR)
Residential and Commercial
1-2 Units
1-4 Units
5+ Units

Eligible Occupancies

Owner-Occupied/Primary
Non-Owner Occupied

Terms Available

1 year ARM
3 Year ARM
5-year ARM
Interest Only Payment Terms Available

Underwriting Notes

Must have a valid social security number
Foreign Nationals allowed
Refinance and Interest Only OK to 65% LTV

Appraisal Requirements

Appraisal paid for up front by borrower upon loan approval
Appraisal ordered by the lender

Available in the Following States:

Commercial Jumbo Loan 80% LTV to $6,000,000

06/23/2015 02/26/2026

Loan Purpose:
Purchase
Rate and Term Refinance
Cash-out refinance
IRS 1031 Exchange for any borrower.

Tax and insurance impounds required

12 Month Mortgage Credit
Subject property and the borrower’s primary residence. The rest of the properties on the schedule of real estate will be checked via 3rd party sources to ensure there are no Notices of Default (NOD).

Mortgages not rated on the credit report require canceled checks. The following is our delinquency tolerance on mortgages:

No delinquencies in the past 90 days
All must be current
One 30-day late maximum in the past 12 months
Two 30-day lates maximum in the past 24 months
Bankruptcy – Must be seasoned 24 months from discharge or Sale.

Foreclosure- Must be seasoned 24 months from discharge or Sale.

Loan Submission Requirements
1003 Application
Full and complete only

Credit Report
650 middle score or lower of two. A one score report is a decline.

600 case-by-case. LTV reduced to 50%

Preliminary

Title Report
Refinance transactions only

Appraisal
1-4 unit properties are ordered through a 3rd party. Commercial appraisals require a Good Faith Deposit of $995. Our real estate department bids out the order and selects the appraiser weighing cost, estimated time of completion, and appraiser’s credentials.

Lease Agreements
Rent roll and P&L for the property. These reflect the income the property generates. Rent rolls and operating income statements are not required on the investor 1-4 program. On our Traditional program, they are required and we will not order the appraisal unless we have these items.

Executed Purchase Contract
Required for any submission of a purchase transaction.
Funds to Close
90 days sourced and seasoned for purchases or refinances that are short to close. Funds from outside of the United States must be deposited into a bank within the United States before close. Funds can be seasoned in a foreign account.

Environmental
3rd party environmental insurer is utilized.

Eligible Vesting
Natural persons
Trusts
Limited liability companies
Partnerships
Corporations
The mortgagor must sign Mortgage/Deed of Trust and any related Riders. The guarantor is the natural person whose social security number, employment, assets, and credit are used to guarantee the loan. The mortgagor will sign the Note and any related Addenda, HUD1, and all other closing documents.

Entity Review
Entity docs will be reviewed immediately upon receiving all the necessary forms.

Trusts should only require the trust certification. We do not want to see the trust documents
LLCs, partnerships, and corporations must submit an Operating Agreement, making sure it breaks down the percentages of ownership, the EIN, and the Certificate of Good Standing.
Not for Profits are doable but very tricky and difficult. My suggestion is to do the loan to one of their members as an individual, where they can grant deed it back to the entity after the close.
When vesting as a corporation or partnership we have a 3rd party review the entity docs to ensure we are allowing a valid vesting. It is a good practice to include entity docs with the initial loan submission to get the borrower’s signature block sooner rather than later.

All Eligible Loans must have a natural person as the guarantor.

Closing costs must be 90 days source and seasoned

Gift Funds
Purchase transactions OK. Gift letter signed and dated by the donor is required and must include the amount of the gift funds, and that no repayment is expected or implied. Bank deposit must be documented.

No first-time homebuyer

3rd party Contributions- Contributions from interested parties such as the Seller, Builder, Realtor, etc., are allowed for purchase transactions and may be used for closing costs and/or prepaid items only. These contributions are not to exceed 3% of the purchase price or lender value.
Business Accounts are an acceptable source of funds.
Acceptable Assets- Additional acceptable sources of funds if properly verified, include, but are not limited to: U.S. Savings Bonds, Stocks/bonds/mutual funds, Repayment of a loan, Sale of Property or Real Property, IRA/Keogh Accounts, trade equity
Minimum of 10% must be borrower’s own funds for purchase transactions.
The escape hatch- If you are 5% below program max, the seasoning of the funds can be waived. For example, you submit a 70% LTV purchase where either the seasoning of the funds does not meet the 90-day requirement. OR you have a donor that refuses to let us run credit. Drop the LTV to 65%, and just show that the required down is currently in the borrower’s bank statement.
First Time Investor
5% LTV reduction
First Time Buyer is a borrower who does not own a property
12 month rental verification required with canceled checks for the first time buyer. If missing checks, and ADDITIONAL 5% LTV reduction.
First-time investor is someone who owns their primary residence but has not had an investment property in the past 2 years.
First Time Buyers
First-time investors are ineligible for out-of-state transactions.

Subordinate Financing OK
The Combined Loan-to-Value (CLTV) does not exceed 10% of the maximum LTV for Class type.

Subordinate financing should be underwritten at market rates
80% CLTV maximum
Non-Permanent Resident Aliens and Foreign Nationals
Non-Permanent Resident Aliens and Foreign Nationals are eligible for this program

Non-Permanent Resident Aliens are foreigners who reside in the on a temporary basis and have government-issued documentation work visa
650 minimum credit score
Valid Identification
Proof of physical address
Work Visa or Green Card
Foreign Investors
These are investors that do NOT have a valid green card or work visa. We NOT do loans to these types of borrowers.

Compensating Factors
Compensating factors mean guideline exceptions

LTV below 50% – credit, location, funds to close and any approval conditions are negotiable.
Credit score over 720 with the depth of credit
Great looking property in an improving market
Properties in stable metro areas, New York City, Los Angeles, San Francisco, Houston, Dallas etc.
5+ unit properties are liquid in ALMOST any market.
Seasoned funds to close on purchases where the LTV is below program max.
Collateral
Properties listed in the past 6 months are not eligible for cash out.

Occupancy
Owner Occupied properties

2 years profit and loss statements for the business
Current Business license
The property should be single tenant
Office and/or Medical Office, Retail, Warehouse, Auto-Service, and other types of single tenant occupancy uses.
Property Types
Ineligible property types

Gas stations
Vacant commercial properties
Raw land,
Churches, where the sole or predominant use of the property is only as a church
Leasehold estates
Nightclubs
Healthcare
Funeral homes, campgrounds
Educational (schools, etc.)
Car wash
Auto-dealerships- even small ones with a decent land to building ratio are a decline
RV parks
Marinas with lake access only
Golf courses
Any property where the business is regulated by the Perishable Agricultural Commodities Act (PACA)
Property Classifications
1 – 4 unit, Owner Occupied SFR, town-houses, 2-4 units, and condos- 70% maximum LTV

70% LTV to $1,000,000
65% LTV to $2,000,000
5+ units & mixed-use properties- 75% MAX

75% LTV to $5,000,000
Mixed-use properties must meet the following standards:

Approximately 50% of the building, by either size or rental income, should be residential.
The percentage of square footage allowed for commercial use is as follows:Commercial use is generally confined to the ground floor;
Approximately one-half for commercial use in a one or 2-story building or two-building property.
Approximately one-third for commercial use in a 3-story building;
Commercial use must not affect the health, safety or comfort of residential occupants.
Acceptable commercial uses are general office and retail.
Traditional II- 70% MAX

70% to $5,000,000
Traditional loan program includes office, retail, warehouse, mobile home parks (with a recreational vehicle component of 25% or less), certain mixed-use properties, auto-service, and self-storage.

In the case of mobile home parks, special rules apply. For “park-owned” mobile home units – as distinguished from the pads – the value, as determined in the “disposition value,” shall not exceed $2,000 per (unit). At a minimum, mobile home units must be separately and distinguishably taxed by the local taxing authority to be considered in the determination of market value

Owner user properties require a business license for the subject property, and preferably, located in a commercially zoned area.

Process
We can close loans only as quickly as your broker/borrower return the stipulations requested. If we ask for something, we need it. It is our money to lend, so we ask for what we need. We will take a common sense approach and allow alternative documentation to what was requested if it makes sense.

Once the file has been cleared to close by underwriting, it moves to the funding department.

Funding
We have a 48 turn time on getting loan docs prepared. Be sure your broker has not set up a closing as our funding department will contact the closer and set the time. Our funding department will coordinate with the closers to ensure the loan docs are correct, and there is enough time for the closer to review the docs.

This is one individual commercial lender within our lender network

Reference# 554062015 22-5-12

Mortgage brokers/lenders perform acts for which a real estate license is required.

Investor Loan – No Doc

06/17/2015 09/03/2026

Nationwide Private Mortgage Lender

Unique mortgage loan program designed for the Residential Real Estate Investor

This is a Private Money lender that has funded thousands of loans nationwide, and makes all decisions in-house with over $200,000,000 to lend. Over 25 years of real estate investing experience; they know how to underwrite a loan.

They also offer 3-year terms for borrowers with longer-term projects as well as traditional bridge funding. An investor can close in a natural person’s name or business entity.

No Income No Asset Verification – Forms 4506-C Not Required

This is a true No Doc hard/soft money lender with national reach. No Income. No-Assets. No Employment. And now we dance. Closing’s average 10 to 15 business days from application.

Income & Employment Documentation: None

Employment Status: N/A
Employment Type: None
Employment Documentation: None

Loan Purpose

Purchase, Cash Out Refinance.

Eligible Property Types:

This Single Family Residences up to 1-4 units

Credit and Credit Scores

Credit scores down to 620 or no score ok. Foreign Nationals also qualify. An investor can utilize this loan program for either a purchase or refinance. 30-day seasoning for cash out using new appraised value.

Credit Event Seasoning Requirements

Minimum Loan Amount: $250,000
Maximum Loan Amount: $5,000,000
Greater than $5,000,000 on a Case-by-Case basis

Maximum LTV

70% LTV guidelines are based on the After-Repair-Value (ARV)

Property Types:

1-2 Units
1-4 Units

Loan Program Guideline Overview and Highlights:

No Prepayment Penalties
Information on “C” Property Rating
Foreign Nationals – OK

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

540 061715 21-9-19

Non-Prime Bank Statement Loan 620 Credit Score

06/14/2015 11/10/2026

Self Employed 1099 Only and Bank Statement Home Loans

The Non-QM Mortgage Loan Program offers flexible solutions for self-employed borrowers, including 1099-only for Sole Proprietor and bank statement home loans for the self-employed. Perfect for those with non-traditional income, this program simplifies the qualification process.

Prime Bank Statement Loan

Self Employed borrowers like yourself can document income by providing between 1 and 24 consecutive months of their most recent bank account statements and/or 1-year Reduced Doc, or 2 years Alt Doc 1099 Only programs as an alternative to conventional regulation and requirements support income and if there is a “wage earner borrower”, too, primary or co-borrower, this applicant uses their W-2 and paystub for income documentation because this bank statement loan program does not have a prepayment penalty, borrower can refinance at any time to obtain a lower rate or take cash out.

Bank Statement Loan 620 Credit Score

The Non-Prime Bank Statement Loan is designed for borrowers with a 620+ credit score seeking flexible financing options. This program uses bank statements to verify income, eliminating the need for traditional documentation.

We also offer 3-year terms for borrowers with longer-term projects as well as traditional bridge funding. An investor can close in a natural person’s name or business entity.

Non-Prime 1099 Only

This non-prime loan program is for sole-proprietor home buyers and homeowners that have a few late payments or recently experienced a “credit event” such as a bankruptcy or “housing event” such as a foreclosure, or short sale. Non-Prime mortgages are not only for challenged credit borrowers, but also good and excellent credit borrowers that require a higher risk and more aggressive loan program; 95% LTV Cash Out refinance would be one example.

1099 Only Loan Also Available – 620 Credit Score

1099 Only programs available with a 620 middle credit score and $3500 Disposable Income. If you are an independent contractor and file Schedule C only your 1099 for income instead of your tax returns W-2s paycheck stubs profit-and-loss statements. Multiple 1099s– okay.

Cash Out to $1,500,000 (cash-in-hand)

Cash-out refinancing is available, with a maximum cash-out limit of $1,500,000. No 4506-T or 4506-C forms are required, streamlining the application and documentation process.

Verification of Self-Employment | VOE

Third party CPA Letter – The “CPA letter” does not need to be the same CPA that filed your taxes. Any (CPA) or Enrolled Agent (EA) – OK!
Applicable Industry License – License Regulator
License Bureau or equivalent
Business Registration Certificate
Business Tax Certificate
Buyer License
Blacked Out Schedule C
Internet Listings

Wage-Earner Employment Verification

Verbal Verification of Employment (VVOE) – Super simple and fast. A phone call is placed by the lender to your HR department or equivalent manager.

Written Verification of Employment (WVOE) – Standard VOE Form to be completed by your pay-roll department manager, HR department manager or equivalent dated no more than 10 business days before the close date.

Acceptable Types of Employment:

Self Employed (=>25%)
W-2 Wage Earner (W2 Salary, Hourly, Commission)

Guidelines and Highlights:

Alternative Documentation “Alt-Doc”
W-2 Wage Earner (W2 Salary, Hourly, Commission)
Bank Statements,1099 Only and Asset Depletion
Loan to Value ratio (LTV): 80%
Debt to Income Ratio (DTI): 50%
Maximum Loan Amount: $2,500,000

Alternative and Full Doc Income Documentation:

Unconventional – 12 months Bank Statements for self-employed. and/or
Conventional – W-2 and paystub for wage earners

Credit Scores & Credit Criteria

Mortgage History – 1 30-Day late previous 12 months
Bankruptcy Seasoning: – 1 Day
Foreclosure Seasoning – 1 Day
Short Sale Seasoning – 1 Day
Credit Scores: 580 Minimum

Eligible Property Types:

Single Family Residence (SFR), 1-2 Units, 2-4 Units

Eligible Occupancies:

Owner-Occupied, Owner-Occupied/ Investment, Non-Owner-Occupied/ Primary, Non-Owner-Occupied Investment, Second/Vacation Home

Available Terms:

30-Year Fixed, 15-Year Fixed, 7 Year ARM
No Prepayment Penalty
Interest-Only

Available in the Following States:

Arizona, Colorado, California, Delaware, Florida, Georgia, Hawaii, Illinois, Maryland, Nevada, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, and Washington.

Reference# 535 06131519-16-12-16

Stated Income/Verified Assets 680 Credit Score 4 Million

06/14/2015 10/23/2025

Asset-Based Qualification Program – No Form 4506-C

Owner Occupied/ Primary residence allowed. The applicant must demonstrate their ability to save by providing proof of cash reserves that will support their existing and proposed debt, front and back-end debt ratio. See Underwriter Guidelines and Highlights:

Loan Purpose: Purchase, Rate & Term and Cash Out ~

This is both a Stated Income and Asset Depletion “Verified Assets” loan program and it is designed for the high-net-worth borrower that is looking to purchase a primary home or Rate & Term refinance or Cash out refinance their primary home.

Income Documentation Notes & Supplement Options:

* Stated Income / Verified Assets (SIVA)

* Asset Depletion (increased loan amounts)

* Tax Returns – Not Required

* Form 4506-C – Not Required

* Retirement Accounts

* Investment Statements

* Money Market Accounts

Credit Criteria Requirements:

* Mortgage history – No 30-Day lates for previous 25 months

* Bankruptcy Seasoning: – 24 months

* Foreclosure Seasoning – 24 months

* Short Sale – 24 Months

Eligible Credit Scores:

* 680 Primary Borrower

* 580 Co-Borrower

Loan to Value Ratio (LTV)

* 75% Maximum

* Combined (piggyback Second Mortgage) Loan to Value ratio (CLTV)

* 80% Maximum (underwriter exception to 80%)

Debt to Income Ratio (DTI):

* N/A

Maximum Loan Amounts:

* $4,000,000 – 60% LTV

* $3,500,000 – 65% LTV

* $3,000,000 – 70% LTV

* $2,500,000 – 75% LTV

* $2,000,000 – 80% LTV

Eligible Employment Types:

* Self Employed (no personal or corporate tax returns)

* Sole Proprietor (no schedule C)

Non-Profits do not qualify for this program

Eligible Property Types:

* SFR- Single Family Residence Attached

* SFR- Single Family Residence Detached

* 2-Unit

* 3-Unit

* 4 Unit

Eligible Occupancy Types:

* Owner Occupied

* Second Home

Available Loan Terms:

* 5 Year ARM

* 7 Year ARM

* 10 Year ARM

** Interest-Only

Available in the Following States:

Arizona, California, Colorado, District of Columbia, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, Maryland, Minnesota, Nevada, Oklahoma, Oregon, Texas, Utah, and Washington.

Reference# 535 06131519-9-22-1

600 Credit Score Jumbo Bank Statement Mortgage

06/13/2015 08/13/2026

1099 Only and Bank Statement Home Loans

This loan program is for home buyers and homeowners that have a few late payments or recently experienced a housing event such as bankruptcy, foreclosure, or short sale.

Why Non-Prime?

Non-Prime mortgages are not only for challenged credit borrowers, but also good and excellent credit borrowers that require a higher risk and more aggressive loan program; 95% LTV Cash Out refinance would be 1 example.

Acceptable Types of Employment:

Self Employed (=>25%)
W-2 Wage Earner
W2 Salary
W2 Hourly wage
W2 Commission

Documentation Types

Bank Statements
1099 Only
Asset Depletion

Acceptable Income Documentation:

Unconventional – 12 months Bank Statements for self-employed and/or
Conventional – W-2 and paystub for wage earners

Self-Employed Verification of Employment

Third party CPA Letter – The “CPA letter” does not need to be the same CPA that filed your taxes. Any CPA or EA – OK!
Applicable Industry License – License Regulator
License Bureau or equivalent
Business Registration Certificate
Business Tax Certificate
Buyer License
Blacked Out Schedule C (Sole Proprietor)
Internet Listing

IRS Form 4506-C – Not Required

Form 4506-C (formerly 4506-T) is required by all Qualified Mortgage Lenders including conventional. Self Employed borrowers like yourself can document income by providing 1-24 consecutive months of their most recent bank account statements and/or 1-year Reduced Doc, or 2 years

Wage-Earner Verification of Employment

Verbal Verification of Employment (VVOE) – Super simple and fast. A phone call is placed by the lender to your HR department or equivalent manager.

Credit Criteria:

Mortgage History – 1 30-Day late previous 12 months
Bankruptcy Seasoning: – 12 Months
Foreclosure Seasoning – 12 Months
Short Sale – 12 Months
Credit Scores – 600 Minimum – LTV 85%

Eligible Property Types:

Single Family Residence (SFR)
1-2 Units
2-4 Units

Eligible Occupancies:

Owner Occupied / Primary
Investment

Available Terms:

30-Year Fixed
15-Year Fixed
7-Year ARM
No Prepayment Penalty

Available in the Following States:

Alabama, Arizona, Colorado, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Kansas, Massachusetts, North Carolina, South Carolina, Tennessee, Texas, and Washington

Reference# 535 06131519-16-12-16

Self Employed 1099 Only and Bank Statement Home Loans

06/13/2015 09/28/2026

Non-Prime Alt Doc Self-Employed Program

Non-Prime Loan Program Highlights:

Available for Purchase and Rate/Term or Cash Out refinance. Maximum Cash Out $1,500,000.

Third party CPA Letter – The “CPA letter” does not need to be the same CPA that filled your taxes. Any (CPA) or Enrolled Agent (EA) – OK!
Applicable Industry License – License Regulator
License Bureau or equivalent
Business Tax Certificate
Industry Buyer License
Blacked Out Schedule C
Internet Listing

Verification of Employment | VOE

Wage-Earner Employment Verification

Verbal Verification of Employment (VVOE) – Super simple and fast. A phone call is placed by the lender to your HR department or equivalent manager.

Written Verification of Employment (WVOE)

Standard VOE Form to be completed by your pay-roll department manager, HR department manager or equivalent dated no more than 10 business days before the close date.

Acceptable Types of Employment:

Self Employed (=>25%)
W-2 Wage Earner
1099 Sole Proprietor/ Independent Contractor

Acceptable Income Documentation:

W-2 Wage Earner
12 months Bank Statements
Form 1099

Conventional – W-2 and paystub for wage earners

Required Credit Criteria:

Mortgage History – two 30-Day late previous 12 months
Bankruptcy Seasoning: – 1 Day
Foreclosure Seasoning – 1 Day
Credit Scores: 580 Minimum
Loan to Value ratio (LTV): 80%
Debt to Income Ratio (DTI): 50%
Maximum Loan Amount: $3,000,000

Property Types: Single Family Residence (SFR), 1-2 Units, 2-4 Units

Occupancies: Owner Occupied / Primary, Investments

Terms: 30-Year Fixed, 15-Year Fixed, 7 Year ARM. No Prepayment Penalty

Available in the Following States:

Arizona, Colorado, California, Florida, Georgia, Illinois, Indiana, Maine, Pennsylvania, Tennessee, Texas, Utah, and Washington.

Reference# 535 06131519-16-12-16

Hard Money 5-Million Owner Occupied

06/13/2015 10/27/2026

Super Jumbo Hard Money Owner-Occupied

This hard money lender will do primary residential loans which are somewhat rare.

Similar to a Business Purpose Mortgage Loan

Purpose: Purchase, Refinance, and Rate & Term and Cash out, Refinance – Cash Out in hand $2,000,000, Construction, Bridge Loan, Blanket Loan

Jumbo Loan Amounts: $500,000 to $5,000,000

This hard money lender will do primary residential loans which are somewhat rare. This program is Similar to a Business Purpose Mortgage Loan

This hard money lender specializes in providing primary residential loans, a unique offering within the lending industry. These loans mirror the features of Business Purpose Mortgage Loans, catering to a variety of purposes including purchase, refinance, rate & term adjustments, and cash-out refinancing. With a maximum cash-out refinance limit of $2,000,000, borrowers have significant flexibility in accessing their equity.

In addition to primary residential loans, this lender offers financing options such as construction loans, bridge loans, and blanket loans, with loan amounts ranging from $125,000 to $5,000,000. This diverse array of loan products allows borrowers to address various financial needs effectively.

Eligible property types for these loans include single-family residences (SFR), 1-4 unit residential properties, condos, and commercial properties. This comprehensive eligibility criteria ensures that borrowers can utilize these financing solutions across a wide range of property types, making them a versatile option in the lending market.

Available in the Following States:

Jumbo Hard Money to 3-Million 80% LTV

06/08/2015 09/03/2026

High LTV Hard Money Jumbo Loan

This hard money loan program can be applied to a variety of loan types including Fix and Flip, Blanket Loan, Bridge Loan, and Construction.

Foreclosure Bailout Exceptions

We can bail you out of any “housing event”, Short Sale, Foreclosure, Bankruptcy, Notice of Default (NOD), Notice of Sale (NOS).

Maximum LTV: 80%. (85% on exception)

This hard money residential loan features an extremely high loan-to-value (LTV) ratio of 80%. Most hard money lenders max out at 70%, sometimes 75%. So, 80% is significant and speaks to the aggressive nature of this hard money lender.

Below you can see the unique underwriting guideline highlights specific to this loan program.

Form 4506-T Not Required (Federal Tax Transcripts)

Maximum Loan Amount: $12,000,000. Exceptions can be made to $25,000,000.

Exceptions Made to $20,000,000

Purpose Transactions

Purchase
Refinance: Rate/Term and Cash Out
Blanket
Bridge
Fix and Flip
Occupancy: Non-Owner Occupied Only

Available Terms

12 Months
18 Months
24 Months
Interest-Only

Eligible Property Types:

Single Family Residence (SFR) – Detached
Single Family Residence (SFR) – Attached
1-4 Units
2-4 Unit
Condos and Non-Warrantable Condos
Condotels to 65% LTV
Townhomes
Manufactured Homes
Mixed Use Properties
Unconventional Property Types
Dome Homes
Modern Style
Historical
Log Homes

Available in the Following States:

Reference# – 55214

Inherited Property Loan Program

06/04/2015 09/03/2026

Inherited Property Financing 75% Loan-to-Value (LTV)

This loan program is for people that have lost a family member and would like to keep the home.

Purpose: Purchase, Refinance, and Cash Out Refinance

This is a manual underwrite program

Same day approval

Fund within 2 weeks
Maximum LTV – 80%
Future value can be used for LTV qualifying purposes

Underwriting Notes: Credit, etc.

This is not a credit or credit score driven loan
No minimum credit score required
Major credit events
Bankruptcy – OK
Foreclosure – OK
Short Sale – OK
Deferred Maintenance – OK
Debt Consolidation – OK
Debt-to-Income (DTI): 50% Maximum
Future Rental Income Considered on a Case-by-Case basis, Underwriter’s Discretion
Home Improvement Cost can be included in the loan and paid out at the close of escrow

Available in the Following States:

Arizona, Alabama, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maine, Maryland, Mississippi, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Washington.

Jumbo Second Mortgage – 4506-C Not Required

06/01/2015 08/25/2026

A Jumbo Second Mortgage provides eligible homeowners with access to up to $500,000 in home equity without refinancing or replacing their existing first mortgage. This can be useful for borrowers who want to preserve a favorable first-mortgage interest rate while accessing additional funds.

Loan amounts range from $150,000 to $750,000, with loan-to-value ratios determined by credit profile and underwriting qualifications. The program is available for owner-occupied properties and offers both traditional full-documentation and alternative-documentation qualification options.

This is a Non-QM second mortgage program with certain Non-Prime underwriting characteristics, including flexibility for borrowers with prior mortgage late payments, bankruptcy, foreclosure, or short-sale history.

Alternative Documentation Jumbo Second Mortgage

Alternative income documentation is available for self-employed borrowers, business owners, independent contractors, and borrowers whose income may not be represented accurately by traditional tax-return documentation.

Form 4506-C are not required for the alternative-documentation options.

Available alternative income documentation may include:

Borrower-prepared, unaudited Profit and Loss statement
Two months of business bank statements with a borrower-prepared P&L
24 months of personal bank statements
24 months of business bank statements

Traditional full-documentation qualification is also available.

Jumbo Second Mortgage Credit Score and LTV Guidelines

700+ Credit Score

Up to 90% loan-to-value
Mortgage history: No mortgage late payments during the previous 12 months
Bankruptcy: 3 years seasoning
Foreclosure: 3 years seasoning
Short sale: 2 years seasoning

680+ Credit Score

Up to 85% loan-to-value
Mortgage history: One 30-day late permitted during the previous 12 months
Bankruptcy: 4 years seasoning
Foreclosure: 2 years seasoning
Short sale: 2 years seasoning

660+ Credit Score

Up to 80% loan-to-value
Mortgage history: One 30-day late permitted during the previous 12 months
Bankruptcy: 2 years seasoning
Foreclosure: 2 years seasoning
Short sale: 1 year seasoning

640+ Credit Score

Up to 75% loan-to-value
Mortgage history: One 90-day late permitted during the previous 12 months
Bankruptcy: 1 year seasoning
Foreclosure: 1 year seasoning
Short sale: No seasoning required

620+ Credit Score

Up to 70% loan-to-value
Mortgage history: Up to two 90-day late payments during the previous 12 months
Bankruptcy: 2 years seasoning
Foreclosure: 2 years seasoning
Short sale: No seasoning required

Minimum credit score: 560, subject to additional underwriting restrictions and lower allowable leverage.

Jumbo Second Mortgage Loan Amounts

Minimum loan amount: $150,000
Maximum loan amount: $500,000
Maximum DTI: 50%
Owner-occupied properties only

This second mortgage allows borrowers to access equity while leaving the existing first mortgage in place.

Available Jumbo Second Mortgage Terms

Available repayment options include:

5/1 ARM
7/1 ARM
10/1 ARM
15-year fixed
20-year fixed
30-year fixed
40-year fixed
30-year fixed with interest-only payments
40-year fixed with interest-only payments

Eligible Property Types

Eligible properties include:
Single-family residences
Warrantable condominiums
Townhomes

Full Documentation Qualification

Borrowers may also qualify using conventional income documentation.

Wage Earners

Documentation may include:

W-2 forms
Pay stubs
Personal tax returns

Self-Employed Borrowers

Traditional documentation may include:
CPA documentation
Federal tax returns
Other standard self-employment income documentation

Borrowers who do not qualify effectively using traditional documentation may instead be eligible for the program’s bank-statement or P&L-based alternative documentation options.

Jumbo Second Mortgage for Self-Employed Borrowers

Self-employed borrowers may qualify without relying exclusively on personal or business tax returns.

The lender offers alternative-documentation methods that can evaluate income using business cash flow, bank statements, and a borrower-prepared Profit and Loss statement.

These options can be particularly useful for borrowers whose taxable income does not accurately represent the cash flow available to make mortgage payments.

Preserve an Existing First Mortgage

A second mortgage can provide access to home equity without refinancing an existing first mortgage.

This may be beneficial when the borrower currently has a favorable first-mortgage interest rate and does not want to replace that loan with a new first mortgage at current market rates.

Potential uses of second-mortgage proceeds may include:

Debt consolidation
Home improvements
Business capital
Major personal expenses
Other permitted cash-out purposes

Available States

The Jumbo Second Mortgage program is available in:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, and Washington.

Jumbo Second Mortgage Program Summary

Loan amounts from $150,000 to $500,000
Credit scores down to 560
Up to 90% LTV for qualifying borrowers
Maximum 50% DTI
Owner-occupied properties
Fixed-rate and ARM options
Interest-only options available
Full-documentation qualification available
Bank statement qualification available
Borrower-prepared P&L option available
IRS Form 4506-T not required for Alt-Doc qualification
IRS Form 4506-C not required for Alt-Doc qualification
Prior bankruptcy, foreclosure, short sale, and mortgage late payments may be permitted subject to seasoning requirements

Reference #545221

True No Doc Home Loan

05/26/2015 09/03/2026

True No Doc – No Income or Asset Documentation

No Income Verification Super Jumbo Mortgage Loan Program – $30,000,000

No Income Documentation and No Employment History Stated on Application. This loan was designed for borrowers, Self-Employed Borrowers, W2 Wage Earner Borrowers, unemployed, retired, Day Trader, cash side business, does not matter. If you have a pulse and a good equity position, you’re in.

No Income | No Assets – No Employment

This No Doc Jumbo and Super Jumbo Mortgage Loan Program allows applicants to leave income, liquid assets, and employment information blank on the 1003 Uniform Residential Loan Application. This program is ideal for borrowers who cannot or prefer not to disclose their financial details. With no income, asset, or employment verification required, it offers a streamlined process for securing a mortgage.

Portfolio Non-QM Portfolio Direct Mortgage Lender

Direct lender- Lender Makes First and Final decision usually within 24-48 hours depending on the complexity of the borrowers’ credit profile and never requires an outside “investor” signature.

Specific No Doc Loan Program – Product and Service

This No Doc Loan program is unique simply because it’s offered by an independent lender. Our unique portfolio direct lender offers this unique one-of-a-kind No Doc Loan program, distinguishing itself by requiring no income, asset, or employment verification.

True No Documentation – No Liquid Asset Documentation

This exclusive product and service are provided by an independent lender, ensuring a streamlined application process. Experience a hassle-free loan approval with our one-of-a-kind No Doc Loan program.

Additional loan features available to help fix gap in funding or fit nicely in the Investor filling in any unanticipated gaps in funding – Capital delivered 2 business days.

Quick Close: Closing’s average 10-15 business days from application to closing.

Minimum Credit Score: 740

Cash Out Refinance

6 Month Title Seasoning Required. Not the “standard” 12 months

Eligible Occupancies: Owner-Occupied, Investment properties.

Purchase and refinance- 30-day seasoning for cash out using new appraised value.

3-year loans for borrowers with longer-term exit strategy as well as traditional bridge funding for Investors.

Closing in natural person name OR business entity such as LLC, Corporation, etc.

We have many additional alternative income documentation loan programs available. Connect with a Mortgage Expert: (800) 718-8906 or submit a prequalification without a credit check or an inquiry.

Mortgage Pre-Qualification Form – No Credit Check

Eligible Borrowers: US Citizen, Foreign Nationals, Resident Alien, Non-Residential Aliens

Underwriter Notes and Highlights: ~

* Cross-Collateralization – OK

* Non-Occupant Co-Borrowers – OK

** First Time Home Buyer (FTHB) – OK + (reduce maximum LTV 10%)

* Additional Reserves for Real Estate Owned (REO) – Not Required

** Bridge Funding for Investors

Available in the Following States:

Arizona, Alabama, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Michigan, Mississippi, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Asset Qualifier Jumbo Loan

05/13/2015 08/07/2026

Federal Tax Transcripts Not Required Loan

Qualifying Criteria for this loan program are Asset Based. This program can also be used to supplement additional alt doc programs such as Bank Statements and/or 1099’s.

Form 4506-T Not Required, and Form 4506-C Not Required

This loan program is specifically designed for moderate to high-net-worth borrowers. Qualifying calculation based on verified liquid assets as an alternative method to traditional income verification to determine borrower’s

ATR “Ability to Repay”.

Our investors take a common-sense approach to underwriting the creditworthiness of a particular borrower regarding the individual’s ability to repay the loan.

Asset-Based Loan Programs

People and their financial situations can be complex and unique, each with their own qualities and compensating factors. Our objective is to identify a borrower’s reasonable ability to repay a loan while mitigating risk for the end investor. Often the answer is overwhelmingly obvious that the applicant is worthy of a loan and thus the interest rate, fees and terms offered are very reasonable. Unconventional income is often better in terms of proper evaluation. This decision is centered upon the verification of the income documents provided by the borrower. Verified Assets for income, down payment, closing costs and cash reserves (if applicable).

Alternative Income Documentation:

6-, 12- or 24-Months Bank Statements – Large or Disproportionate Deposits must be Sourced.
No Tax Returns, W-2’s, Paycheck Stubs, Profit and Loss Statements Required.
Self Employed and W-2 Wage Earner and Salary Employees – OK.
Maximum Loan Amount – $10,000,000.
Maximum Cash Out (cash-in-hand) – $2,000,000

Eligible Asset Documentation:

2 Months Seasoning Required
VOD / Verification of Deposit – OK
Liquid Asset Business Funds can be used at 100% value for Down Payment and Closing Costs Required

Acceptable Asset Documentation Sources:

2 Months Seasoning Require* Checking and Savings Account – 100%
VOD / * Stocks and Bonds – 75%
Mutual Funds – 75%
401K and IRA – 75%
“Business Funds” – OK – 25% percentage of ownership

Loan Amounts – PITI Reserves Requirement

2 Months – 6 Months Reserves
$2,000,000 – 9 Months Reserves
$3,000,000 – 12 Months Reserves
$4,000,000 – 18 months Reserves
$5,000,000 – 24 months Reserves

Eligible Property Types & Eligible Occupancies

Eligible Property Types

SFR / Single Family Residence
PUD’s
2 Unit
4 Unit Owner-Occupied/ Investment

Eligible Occupancies

Investment Properties
Second Homes

Credit Score/ LTV & Loan Amount:

720 Credit Score
- 90% LTV to $3,000,000
- 85% LTV to $2,500,000
- 80% LTV to $2,000,000
700 Credit Score
- 90% LTV to $2,500,000
- 85% LTV to $2,000,000
- 80% LTV to 1,500,000
680 Credit Score
- 85% LTV to $2,500,000
- 75% LTV to $2,000,000
- 70% LTV to $1,500,000
660 Credit Score
- 85% LTV to $2,000,000
- 80% LTV to $1,500,000
- 75% LTV to $1,000,000
640 Credit Score
- 75% LTV to $1,500,000
- 75% LTV to $1,000,000
- 70% LTV to $1,500,000
620 Credit Score
- 70% LTV to $1,500,000
- 70% LTV to $1,000,000
- 65% LTV to $750,000

Cash Out Requirements

12 months Title Seasoning required to use current Market Value (opposed to purchase price value) for LTV qualification

Housing Event Seasoning Requirements:

680 Credit Score
- Foreclosure – 6 months
- Bankruptcy – 6 months
- Short Sale – 6 months
- Mortgage Lates – 12 months
660 Credit Score
- Foreclosure – 12 months
- Bankruptcy – 12 months
- Short Sale – 12 months
- Mortgage Lates – 12 months
640 Credit Score
- Foreclosure – 18 months
- Bankruptcy – 18 months
- Short Sale – 18 months
- Mortgage Lates – 24 months
620 Credit Score
- Foreclosure – 24 months
- Bankruptcy – 24 months
- Short Sale – 24 months
- Mortgage Lates – 36 months
600 Credit Score
- Foreclosure – 36 months
- Bankruptcy – 36 months
- Short Sale – 36 months
- Mortgage Lates – 48 months

Credit Criteria and Tradeline Requirements:

5 tradelines – 24 months history
3 tradelines open and active – 24-month history
Derogatory tradelines (liens, judgments, charge-offs, and collections) – 2 years seasoned

Underwriter Notes

Foreign Nationals OK for second homes and investment properties
Loan Amounts greater than $1,500,000 require 2 appraisals.
Gift Money and or Gift of Equity – Not Allowed
Permanent and Non-Permanent Resident Aliens – OK.
First-Time Homebuyers – OK to 80% LTV with a maximum loan amount of $1,500,000.
Nonexistent Housing Payment History for previous 2 years considered on case-by-case basis.

Available in the Following States:

Reference # 444 010288

Stated Income/ Verified Assets Super Jumbo

03/31/2015 10/29/2026

Update 2026 Stated Income Loan – Tax Returns Not Required

This Stated Income Mortgage loan program will be supported by the cash flow of bank statements and is for the Self-Employed borrower only.

Stated Income / Verified Assets SIVA – Forms 4506-T and 4506-C Not Required

This program offers an income documentation alternative tailored to well-qualified, self-employed borrowers who have at least 30% business ownership. Tax returns are not required. Instead, income is stated on the Uniform Residential Loan Application (Form 1003) and corroborated via bank statements and verified liquid assets. Rental incomes, fixed incomes (such as annuities, pensions, Social Security), and other consistent income sources are eligible.

Eligibility & Requirements

Borrower must show ownership of 30% or more in their business, with two years minimum in the same line of business.
Employment verification via business license or CPA letter; business contact information and ownership percentage must be clearly documented.
Two months of bank statements are required to verify liquid assets. Rental property leases are required if rental income is used.
Liquidity must support the stated income; minimum verified assets increase with loan amount (e.g. $100,000 for a $400,000–$650,000 loan).
Credit history: A minimum 6-year credit history with no foreclosures, bankruptcies, short sales, or late payments.
Property must be primary residence, of allowed types (single family, PUD), up to 12 acres.

Loan Amount Range – Minimum Liquid Assets:

$400,000 – $650,000, $100,000
$650,000 – $1,000,000, $250,000
$1,000,000 – $1,500,000, $500,000
$1,500,000 – $3,000,000, $1,000,000

Employment Verification:

Business license and or CPA letter depending on business industry showing 2-year minimum same line of business verifying the name of the business, the percentage of ownership business phone number will be verified by both 411 and or the internet.

Required Asset Documentation

Income is being “stated” on the 1003 Uniform Residential Application, but not verified by traditional income documents. 2 months bank statements to verify liquid assets. If using rental income to qualify, must provide leases for all rental properties. All fixed income including retirement, annuities, dividends, Social Security, child support, alimony can be utilized to qualify.

Additional Underwriting Guideline Summary

Underwriter Notes

Available to both permanent and non-permanent resident aliens.
Up to three financed properties permitted; unlimited ownership otherwise.
Gift of equity not allowed, occupancy must be primary residence.
6 months title seasoning required for cash out refinance of the subject property
Gift of equity not allowed

Eligible Occupancies: Primary Residence

Employment Type: Self-Employed only (30% ownership minimum).

Property Types:

Single Family Residence
PUD
10 acres maximum

Eligible Borrowers:

Permanent Resident Aliens
Non-Permanent Resident Aliens

Credit Notes:

6-year credit history – No Foreclosure, Bankruptcy, Short Sale, Loan Modification or consumer credit counseling
No mortgage lates (30 days)
No consumer debt lates – 1 year
Credit report must show a 2-year history of 2 or more open and active trade line accounts.
Unlimited real estate properties owned, but 3 financed properties maximum.

Available in the Following States:

Arizona. Alabama, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maine, Maryland, Mississippi, Nevada, North Carolina, Oregon, South Carolina, Tennessee, Texas, Virginia, and Washington.

Reference #124 10765_0523

Vesting Title in Legal Entities

03/26/2015 07/25/2026

Business Purpose Mortgages and Vesting Options

This Loan Program is for Corporations, LLC’s, Partnerships This gives the “borrower” the option to vest the title of their property into a trust, corporation, LLC, or Partnership.

Loan Purpose: Purchase, R/T Refinance, Cash Out Refinance

This unique option provides the sophisticated borrower with their preferred legal structure as to how they would like to retain the title and legal protection for which these legal entities were intended.

640 Minimum Credit Score and 90% LTV Maximum

The qualifying criteria is based on the credentials of the actual borrower who will appear on the standard 1003 loan application, middle credit score of the 3 major credit reporting agencies.

Super Jumbo Loan Amounts

$6,000,000 – Purchase Loan & Refinancer R/T
$5,000,000 – Refinance Cash Out

Eligible Property Types:

Single Family Residence (SFR) – Attached
Single Family Residence (SFR) – Detached
Condominium
2-Unit
3-Unit
4-Unit

Eligible Occupancies:

Owner-Occupied
Non-Owner-Occupied

Available Terms:

Fixed 30-year fixed and 40-year fixed
Adjustable – 5-year, 7-year ARM

Title Vesting

All trusts are eligible, LLC’s, Sub S Corporations, Partnerships. One of the benefits is legal protection.

Fast Turn Times and less paperwork

Available in the Following States:

Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.

Reference # – 245 528032615

Jumbo Investor Loan 720 FICO to 90% LTV

03/25/2015 11/11/2026

Jumbo Vacation Home Loan $3,500,000

This jumbo investor mortgage program provides financing for investment properties, non owner occupied homes, and eligible second homes, with loan amounts up to $3,500,000.

Purchase and rate/term refinance transactions are available up to $3,000,000, while cash out refinance transactions are available up to $1,500,000. Eligible real estate investors may own up to 20 financed properties.

Maximum Loan Amount

Maximum Program Loan Amount: $3,500,000

Transaction limits include:

Purchase: Up to $3,000,000
Rate/Term Refinance: Up to $3,000,000
Cash Out Refinance: Up to $1,500,000

Credit Score and Maximum LTV

Maximum LTV is based on the borrower’s qualifying credit score.

700 Credit Score – Up to 90% LTV
680 Credit Score – Up to 85% LTV
660 Credit Score – Up to 80% LTV
640 Credit Score – Up to 75% LTV

Income Documentation

Traditional income documentation is not required under this program, subject to applicable underwriting requirements.

Eligible Property Types

Eligible residential property types include:

Single Family Residence
2 Unit Properties
4 Unit Properties

Eligible Occupancy Types

The program is available for:

Investment Properties
Non Owner Occupied Properties
Second Homes

Eligible real estate investors may own up to 20 financed properties.

Credit and Underwriting Requirements

* Bankruptcy

A minimum of 36 months seasoning is required from the bankruptcy discharge date.

* Foreclosure

A minimum of 24 months seasoning is required following a foreclosure.

* Short Sale

Short sale seasoning requirements are subject to current underwriting guidelines.

Maximum Debt-to-Income Ratio

Maximum debt-to-income ratio: 50%.

This jumbo investor loan program is available in:

Available in the Following States

Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.

Reference #: 125 527030515

No Seasoning Requirement for Short Sale or Foreclosure

03/13/2015 10/27/2026

Non-Prime – One Day Out of a Short Sale or Foreclosure Loan

This loan is for people that have recently either foreclosed or short sold their property. If you have a recent short sale or foreclosure, this loan option could help you get into a home. No seasoning requirement for these housing events

Jumbo Loan Amount to $3,000,000

Loan Purpose:

Purchase
Refinance
Cash Out Refinance
Cash Out Refinance – $750,000 Maximum Cash Out (cash-in-hand)

Non-Prime – One Day Out of a Short Sale or Foreclosure Loan

680 Credit Score – 80% LTV to $3,000,000 with 12 Months Reserves
660 Credit Score – 80% LTV to $2,500,000 with 12 Months Reserves
640 Credit Score – 75% LTV to $2,000,000 with 12 Months Reserves
620 Credit Score – 70% LTV to $1,500,000 with 6 Months Reserves
600 Credit Score – 65% LTV to $1,000,000 with 9 Months Reserves
580 Credit Score – 60% LTV to $500,000 with 9 Months Reserves

Income Documentation Options:

Full Income documentation required:

Salary Employee – previous 2 years W-2’s and full tax return
Self Employed – previous 2 years full tax returns and current year profit and loss statement
50% maximum DTI Debt to Income ratio

Eligible Property Types:

SFR Single Family Residence – Detached
SFR Single Family Residence – Attached

Eligible Occupancies:

Owner Occupied
Second / Vacation Home – 75% maximum LTV

Available in the Following States:

Reference # – 123 527030515 HE

Asset Depletion Mortgage Program Up to 5 Million

03/12/2015 08/28/2026

This super jumbo Asset Depletion Mortgage Program allows qualified borrowers to use eligible assets to establish qualifying income instead of relying entirely on traditional employment or tax-return income.

This Non-QM mortgage option may be available to both W-2 wage earners and self-employed primary or co-borrowers with substantial liquid assets. Updated loan amounts are available up to $5,000,000, with purchase, rate-and-term refinance, and cash-out refinance options.

Tax returns are not required for income qualification under this asset depletion program, and Form 4506-C is not required.

Asset Depletion Loan Amounts and LTV

Program financing available up to $5 million, subject to credit score, loan amount, occupancy, property type, asset eligibility, and underwriting requirements.

Published financing tiers include:

Loan amounts up to $5,000,000
Up to 80% LTV on loan amounts up to $2,000,000 with a 660 credit score
Up to 75% LTV on loan amounts up to $2,000,000 with a 640 credit score
Minimum qualifying credit score: 640

Loan amounts above $2 million may be subject to lower maximum LTVs and additional underwriting requirements.

How Asset Depletion Income Qualification Works

Rather than qualifying solely from wages, tax returns, or self-employment income, eligible borrower assets may be used to calculate qualifying monthly income.

The lender reviews qualifying assets and applies the program’s asset depletion calculation to determine the income available for mortgage qualification.

Eligible assets and the percentage of those assets that may be used are subject to lender guidelines.

Income Documentation

Program income documentation features include:

No tax returns required for asset depletion qualification
Form 4506-T not required
Form 4506-C not required
Verified eligible assets used to establish qualifying income
Available to qualifying W-2 and self-employed borrowers

Credit Requirements

Credit requirements include:

Minimum credit score: 640
Minimum 2-year seasoning from bankruptcy, foreclosure, or short sale

Additional credit requirements may apply depending on the loan amount, LTV, and overall borrower profile.

Eligible Loan Purposes

The Asset Depletion Mortgage Program may be used for:

Purchase
Rate-and-term refinance
Cash-out refinance

Asset Depletion Cash-Out Refinance

Cash-out refinance transactions may allow up to $1,500,000 in cash proceeds, subject to maximum LTV, credit, reserves, and underwriting guidelines.

Eligible Property Types

Eligible property types include:

Attached Single-family residences (SFR)
Detached Single-family residences (SFR)

Other property types may require a different asset depletion or Non-QM loan program.

Eligible Occupancies

Eligible occupancy types include:

Owner-occupied primary residences
Second homes/ Vacation homes

Second and vacation homes are available up to a maximum 80% LTV, subject to loan amount and credit requirements.

Debt-to-Income Ratio Requirements

The program generally allows debt-to-income ratios in the 43% to 50% DTI range, depending on the borrower’s credit profile, LTV, loan amount, reserves, and other compensating factors.

Because asset depletion income is used in the qualifying calculation, the resulting monthly qualifying income is incorporated into the borrower’s DTI analysis.

Asset Depletion Mortgage Program Highlights

Key program features include:

Loan amounts up to $5,000,000
Minimum 640 credit score
Up to 80% LTV on qualifying loan amounts
No tax returns required
No Form 4506-T
No Form 4506-C
Purchase financing
Rate-and-term refinance
Cash-out refinance
Up to $1,500,000 cash out
Owner-occupied residences
Second and vacation homes
Asset-based income qualification

States Where the Asset Depletion Program Is Available

The program is available in the following states and the District of Columbia:

Super Jumbo Bank Statement Program

03/06/2015 08/12/2026

Super Jumbo Bank Statement Mortgage Program

This super jumbo bank statement mortgage program provides alternative income documentation for self-employed borrowers and independent contractors. Qualifying income may be documented using 24 months of personal or business bank statements instead of relying solely on traditional tax-return income.

Loan amounts are available up to $5,000,000, subject to credit score, loan-to-value ratio, debt-to-income ratio, occupancy, transaction type, property type, reserves, and other underwriting requirements.

Bank Statement Income Documentation

The program uses a 24-month bank statement history to document qualifying income. Personal or business bank statements may be used depending on the borrower’s income structure and applicable underwriting requirements.

Bank statement deposits are reviewed to determine qualifying monthly income and may provide an alternative for self-employed borrowers whose taxable income does not fully reflect ongoing business cash flow.

Loan Amount and Debt-to-Income Requirements

Maximum debt-to-income ratios vary by loan amount. Higher DTI ratios are available at lower loan balances, while larger super jumbo loans are subject to more restrictive DTI limits

Up to $3,000,000 – Maximum 55% DTI
Up to $2,500,000 – Maximum 50% DTI
Up to $2,000,000 – Maximum 43% DTI

Final DTI approval is subject to the complete borrower profile, including credit, income documentation, reserves, assets, and property characteristics.

Credit Score, LTV and Loan Amount Requirements

Maximum loan-to-value ratios and loan amounts are determined in part by the borrower’s qualifying credit score. The program provides multiple credit and equity tiers for jumbo and super jumbo financing.

720 Credit Score – Up to 70% LTV and $5,000,000
700 Credit Score – Up to 75% LTV and $4,500,000
680 Credit Score – Up to 80% LTV and $4,000,000
660 Credit Score – Up to 90% LTV and $3,000,000
640 Credit Score – Up to 85% LTV and $2,500,000

Maximum financing may also be affected by occupancy, transaction type, property type, reserves, and other underwriting factors.

Eligible Employment and Income Types

The program is primarily structured for borrowers using alternative income documentation. Eligible borrower and income combinations may include self-employment, independent contractor income, wage-earner co-borrowers, and asset-based qualifying methods where permitted.

Self-Employed Borrowers
1099 Independent Contractors
W-2 Wage Earner Co-Borrowers
Asset Depletion when permitted under the applicable program guidelines

A W-2 wage-earner co-borrower may be used with a bank statement borrower under qualifying scenarios. Form 4506-C requirements may apply when wage-earner income or other traditionally documented income is included.

Credit Events and Seasoning Requirements

Borrowers with a previous bankruptcy, foreclosure, or short sale may remain eligible after meeting the applicable seasoning requirement. Maximum LTV is reduced for more recent credit events.

Bankruptcy Seasoning

Bankruptcy eligibility is based on the amount of time that has elapsed since the credit event and the requested transaction type.

2-Year Seasoning – Up to 80% LTV Purchase | 75% LTV Cash-Out
1-Year Seasoning – Up to 75% LTV Purchase | 75% LTV Cash-Out

Foreclosure and Short Sale Seasoning

Foreclosure and short-sale guidelines also use seasoning periods to determine maximum financing.

2-Year Seasoning – Up to 80% LTV Purchase | 75% LTV Cash-Out
1-Year Seasoning – Up to 70% LTV Purchase | 75% LTV Cash-Out

Available in the Following States:

Stated Income Verified Assets to 75% LTV Owner Occupied

02/03/2015 09/26/2025

Stated Income / Verified Assets 660 Credit Score

Loan Program Overview Primary Residence Stated Income

This Stated Income / Verified Assets mortgage program is tailored for self-employed borrowers who need alternative income documentation. With simplified guidelines and no tax return requirement, it’s an excellent option for those with strong assets but non-traditional income sources.

Key Guidelines

* Minimum 660 Credit Score

* Maximum 75% LTV

* Form 4506-C Not Required

* Loan Amounts: $200,000 to $5,000,000

Eligible Occupancies:

* Primary / Owner-Occupied

* Second / Vacation Home

* Investment Property / Non-Owner Occupied

Eligible Property Types:

* Single Family Residence (SFR)

* Condos <4 stories

* Townhomes

* 2-4 Units

Terms Available:

* ARM 30 year amortized

* Fix and Flip – OK

* Cross Collateral OK

Available in the Following States:

Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming..

Reference – 124 526020315

Bank Statement Loan – 600 Credit Score

02/03/2015 09/11/2026

Bank Statement Loans for Self Employed Borrowers

Whether you’re purchasing your first home or expanding your real estate portfolio, these loans adapt to your income profile and make your homeownership goals achievable.

Bank statement loans are a game-changer for self-employed individuals seeking home financing. These loans allow the use of personal or business bank account statements to qualify, bypassing traditional income verification requirements.

For self-employed homebuyers, Non-QM mortgage lending provides flexibility. Alt-doc loans empower those with unique income structures, offering a straightforward path to homeownership. This option is ideal for freelancers, entrepreneurs, and small business owners who may not meet conventional lending criteria.

Loan Scenario Form – No Credit Check

Alternative Income Documentation | No Form 4506-C

We will utilize gross monthly deposits minus the appropriate industry specific and business model sensitive expense (ratio) factor to represent a qualified income dollar amount number for purposes such as debt to income (DTI) ratio, max loan amounts / max LTVs, etc. *Personal bank statements can be used and utilized as business bank statements for qualifying purposes, and is a great way for independent contractors to buy their first home or their tenth home. All pages required (except processed checks) for all months.

Non-Prime Bank Statement Loans

This Non-Prime income documentation program option is for an owner-occupied purchase, refinance and or cash out loan, including multiunit, investment properties.

Asset Depletion Income Loans and Income Supplementation

Loan Purpose: Purchase, Rate & Term and Cash Out Refinance

740 Credit Score:

Purchase to 95% LTV – $2,500,000
Rate & Term Refinance to 90% LTV – $2,500,000
Cash Out Refinance to 85% LTV – $2,500,000 *Unlimited Cash Out (cash-in-hand)
Bankruptcy, Foreclosure and Short Sale OK – 80% LTV
640 Middle Mortgage Credit Score (MMCS) up to 85% LTV

700-739 Credit Score:

Purchase to 90% LTV – $3,500,000
Rate & Term Refinance to 90% LTV – $3,000,000
Cash Out Refinance to 85% LTV – $2,500,000 *Unlimited Cash Out (cash-in-hand)
Bankruptcy, Foreclosure and Short Sale OK – 80% LTV
640 Middle Mortgage Credit Score (MMCS) up to 85% LTV

680-699 Credit Score:

Purchase to 90% LTV – $3,500,000
Rate & Term Refinance to 85% LTV – $3,250,000
Cash Out Refinance to 80% LTV – $3,000,000 | Unlimited Cash Out (cash-in-hand)
Bankruptcy, Foreclosure and Short Sale OK – 75% LTV
Previous one year – One 30-day rolling lates (consecutive) Mortgage / Housing Payment Lates 24 Month History
Allowed & One 60-day (no rolling 60’s) Mortgage / Housing Payment Lates (rolling lates) Allowed

660-679 Credit Score:

Purchase to 90% LTV – $3,250,000
Rate & Term Refinance to 85% LTV – $3,000,000
Cash Out Refinance to 80% LTV – $2,750,000
Bankruptcy, Foreclosure and Short Sale OK – 70% LTV
Twelve Months – Personal Account
Previous one year – One 30-day mortgage late allowed

640-659 Credit Score:

Purchase to 85% LTV – $3,000,000
Rate & Term Refinance to 85% LTV – $2,750,000
Cash Out Refinance to 80% LTV – $2,500,000
Bankruptcy, Foreclosure and Short Sale OK – 65% LTV
Twelve Months – Personal Account
Previous one year – One 30-day mortgage late allowed

620-639 Credit Score:

Purchase to 80% LTV – $2,750,000
Rate & Term Refinance to 85% LTV – $2,500,000
Cash Out Refinance to 75% LTV – $2,250,000
Bankruptcy, Foreclosure and Short Sale OK – 65% LTV
Previous one year – One 30-day mortgage late allowed

Non-Prime Bank Statement Credit Score Options

600-619 Credit Score:

Purchase to 75% LTV – $2,500,000
Rate & Term Refinance to 80% LTV – $2,250,000
Cash Out Refinance to 75% LTV – $2,000,000
Bankruptcy, Foreclosure and Short Sale OK – 60% LTV
Previous one year – 30-day mortgage lates allowed. No 60-day lates

580-599 Credit Score:

Purchase to 70% LTV – $2,500,000
Rate & Term Refinance to 70% LTV – $2,000,000
Cash Out Refinance to 65% LTV – $1,500,000
Bankruptcy, Foreclosure and Short Sale OK – 55% LTV
Previous one year – 60-day mortgage lates allowed. No 90-day lates

560-579 Credit Score:

Purchase to 80% LTV – $2,000,000
Rate & Term Refinance to 75% LTV – $1,500,000
Cash Out Refinance to 75% LTV – $1,000,000
Bankruptcy, Foreclosure and Short Sale OK – 50% LTV
Previous one year – 90-day mortgage lates allowed. No 120-day lates

Underwriting Notes and Highlights:

Non-Owner and Second Home OK
New for 2025 – Maximum Loan Amount – $5,000,000
2-4 Units, Condos, Townhouses, rural and condotels OK
First Time Homebuyer OK
Non-Occupant Co-Borrower OK (case by case basis

Available in the Following States:

Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Kansas, Maine, North Carolina, Oregon, Texas, Tennessee, Utah, Virginia Washington, and Wisconsin.

Reference – 139 526020315

Non-Prime Loan Program – 580 Credit Score

02/02/2015 09/11/2026

Bank Statement Non-Prime Loan Program

With varying documentation requirements and LTV ratios, borrowers can access up to $5,000,000 in maximum loan amounts across different property types, including investment properties and owner-occupied residences.

Non-Prime- 580 Credit Score

With credit scores as low as 580, our programs offer accessibility and flexibility. Our Non-Prime Mortgage Lender Programs feature Alt Doc and Full Doc options, catering to credit scores starting at 580.

Non-Prime Mortgage Form 4506-C – Not Required

Offer programs tailored to meet the unique needs of borrowers across the credit spectrum are available. As a s/e borrower, don’t expect to be asked to sign a 4506-c form because they’re not required; for any Non-QM loan we offer.

Non-Prime Lite Doc Programs

For streamlined documentation, explore our Non-Prime Lite Doc Programs, requiring minimal documentation history. Benefit from options such as 2-month bank statements or one-year tax returns, with credit score requirements starting at 620.

No Tax Returns Not Required

Non-Prime Mortgage Lender Program Highlights

WVOE (written verification of employment):
One Year After Foreclosure Finalization Date
580 Middle Credit Score
Credit Score Model 2, 4 or 5
75% LTV up to Maximum Loan Amount – $4,000,000
2 Months Bank Statements:
~~ 640 Middle Credit Score (model 2, 4 or 5)
80% LTV
$3,000,000
$5,000,000 70% LTV

One Year Tax Return:

~~ 600 Middle Credit Score (model 2, 4 or 5)
90% LTV
$3,000,000
~~640 Middle Credit Score (model 2, 4 or 5)
85% LTV
$4,000,000
2 Year Documentation History | Form 4506-T – Not Required
24 Months Bank Statements:
~~ 600 Middle Credit Score (model 2, 4 or 5)
90% LTV
$3,500,000 Maximum Loan Amount

Investment Property Programs

DSCR (debt service coverage ratio): 620 Middle Credit Score (model 2, 4 or 5) – 85%% LTV (rate and term) and 80% LTV (cash out refinance) up to $5,000,000 Maximum Loan Amount

Foreign National Investors:

Any Credit Score/Credit Score Not Required

80% LTV to $3,500,000
Tax Returns Not Required
Non-Prime No Doc (No Ratio) Programs

Purchase or Refinance with Cash Out: 740 Middle Credit Score (model 2, 4 or 5) – 70% LTV to $2,500,000

Foreign National: 600 Middle Credit Score (model 2, 4 or 5)

Available in the Following States:

First-Time Home Buyer Jumbo loan

01/22/2015 08/15/2026

Jumbo Purchase Loan for First-Time Homebuyers Up to $1,500,000

This jumbo mortgage program offers purchase, rate-and-term refinance, and cash-out refinance options for qualified borrowers. First-time homebuyers may finance up to $1,000,000 at 85% LTV, while eligible borrowers may qualify for up to 90% LTV on loan amounts up to $1,000,000 with as little as three months of reserves.

Eligible Transactions

Purchase, Rate/ Term Refinance, and Cash Out Refinance

Maximum Loan Amount and LTV Options

Maximum loan amount: $1,500,000
First-time homebuyers: Up to $1,000,000 at 85% LTV
Eligible borrowers: Up to 90% LTV on loan amounts up to $1,000,000

Reserve requirements are based on principal, interest, taxes, and insurance

Reserve Requirements by Loan Amount

$1,500,000 loan amount: 15 months of reserves
$1,250,000 loan amount: 12 months of reserves
$1,000,000 loan amount: 9 months of reserves
$750,000 loan amount: 6 months of reserves
$500,000 loan amount: 3 months of reserves

Acceptable Income Sources

Eligible income may include traditional and alternative income sources, subject to documentation and underwriting requirements.

Rental income
Alimony
Child support
Capital gains
Dividend income
Stock option income

Available Loan Terms

15-year fixed-rate mortgage
30-year fixed-rate mortgage
5/1 adjustable-rate mortgage
7/1 adjustable-rate mortgage

Underwriting Highlights

Mortgage Insurance and Gift Funds

Mortgage insurance may be required
Gift funds permitted up to 10%
Gift of equity permitted
Seller contributions permitted
Gift funds may be used toward the down payment, subject to underwriting requirements

Credit Requirements

No prior bankruptcy, foreclosure, or short sale
Minimum of two open credit tradelines
Broker credit report permitted
No additional credit check may be required, subject to lender approval

Property and Transaction Guidelines

Construction-to-permanent financing permitted

Detached condominiums permitted

Nationwide Availability

This jumbo loan program is available in all 50 states, subject to lender licensing, borrower eligibility, property location, and underwriting approval.

Reference Number: 147 525012215

Hard Money Super Jumbo Florida

01/21/2015 09/03/2026

Hard Money Super Jumbo Mortgage Program

Super Jumbo Loan Amounts: $5,000,000 and up to $10,000,000 on a case-by-case basis.

Eligible Transactions – Purchase, RT Refinance and Cash Out Too

Our mortgage products accommodate a wide range of property types, including single-family residences (SFR), condominiums, non-warrantable condos, high-rise condos, as well as properties with two, three, or four units.

By offering financing options for diverse property types, we strive to support a wide range of borrowers, from homeowners to real estate investors.

Whether you’re seeking to purchase a single-family home, condominium, or multi-unit property, our mortgage products are designed to meet your needs. With flexible terms and competitive rates, we aim to make the process of securing financing for your preferred property type as seamless and efficient as possible, empowering you to achieve your real estate goals with confidence.

Eligible Property Types

Single Family Residence
Condominium <4 Stories

Eligible Borrowers:

Eligible borrowers include Foreign Nationals, Foreign corporations, and Non-resident aliens.

Eligible Title Vesting

Corporations
LLC
Trusts

Underwriting Highlights:

Foreclosure Avoidance OK
Purchase seasoning not required for cash-out refinance.
Business Purpose (owner and non-owner-occupied investment properties)

Available in the Following States – Florida

Ref #155524012115

Stated Income/Verified Assets – Owner-Occupied Jumbo

11/13/2014 08/20/2026

Stated Income – Primary Residence to $10,000,000

True Stated Income eligible on your owner occupied residence. Include multi-unit owner-occupied investment properties. Form 4506-C not required.

This program can be used as a purchase loan or cash out refinance.

Purchase 90% LTV to $4,000,000
Cash Out Refinance to 90% LTV Financing to $2,000,000 and 85% LTV to $4,500,000
Loan amount exceptions to $10,000,000. Liquid asset requirements below.

This kind of mortgage is called a Business Purpose Loan. Our Business Purpose Loans for owner-occupied properties are structured differently than consumer mortgages.

No Credit Check Mortgage Pre Qualification Form

Business Purpose Mortgage Loan – Owner-Occupied

This particular loan program can be structured as an owner occupied business purpose mortgage that can meet the rule criteria, and in effect, safely circumvent the rule and you have is a legitimate business purpose stated income home loan. to be used to “expand the business” as you see fit and at your discretion in the case of a cash out refinance.

Cash Out Refinance Business Purpose Loan

Note: Cash out funds would need to be wired into your business bank account.

The Ability-to-Repay rule is a rule, not a regulation. and is a great alternative to hard money. Similar conditions, higher cost. Lender points, broker points and significantly higher rate.

It is special in that it provides the option for people that cannot or prefer not to verify their income or just simply want an easy and quick mortgage to purchase or refinance their primary home or investment property..

No Doc | Income and Employment Required Documentation – N/A

Required Employment Documentation: None
Required Income Documentation: None
Form 4506-C – Not Required

Verified Asset Requirements:

(see Stated Income/Stated Assets and No Doc)

$2,000,000 Loan Amount – $100,000 in liquid assets.
$2,000,000 – $3,000,000 Loan Amount – $300,000 liquid assets
$3,000,000 – $4,000,000 Loan Amount – $500,000 liquid assets
Loan Amounts >$4,000,000 – $$1,500,000 liquid assets. Underwriter discretion. Contact a loan officer for free consultation

Self-Employed Borrowers:

2-year Job History. 1 year considered with same line of work history
Company phone number and address must be located on a Third-Party Internet Directory Website
Business License or CPA letter
2 months bank statements or a VOD, Verification of Deposit, personal or business bank statements OK
Investors/ Property Managers – Rental Agreements can be qualified as income

Underwriting Highlights:

The borrower cannot have more than 10 financed properties. No limit on the number of properties owned
Non-Owner-Occupied Borrowers – OK
Private mortgage insurance not required
10 acres maximum on property

Eligible Property Types:

Single Family Residence SFR
Condo (70% LTV maximum)
No Non-warrantable Condos

Eligible Occupancies:

Single Family Residence – Attached
Single Family Residence – Detached
Second Home to 70% LTV – $1,500,000 on Purchase and Refinance. -No Cash Out

Appraisal Notes:

Full Appraisal required including interior and exterior with photos
Desk review required for all loans greater than $1,500,000
Property cannot have been on MLS for less than 90 days
No purchase seasoning – utilize the current market value

Credit History Notes:

Payment history: No 30-day lates within last 24 months on mortgage or rent
No 30-day lates on any consumer debt, revolving or installment
Minimum 2-year active history on a minimum of 2 accounts required

Eligible Borrowers:

US Citizen
Permanent and Non-permanent Resident Aliens
Fisrt-time Homebuyer OK with Non-Occupant C-borrower 3% contribution OK

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin

Reference# 254 52502021

Stated Income/Stated Assets

11/09/2014 08/04/2026

Stated Income/Stated Assets

Unconventional Mortgage Lending > Featured Loan Programs

For borrowers seeking minimal documentation, the Stated Income/Stated Assets (SISA) option provides an easy and opportune loan approval, focusing on stated financial details rather than extensive verification. This makes it a practical choice for self-employed borrowers and investors with unconventional or nonexistent income revenue streams.
Questions? Speak to a Loan Officer (800) 718-8906.

Stated Income/Stated Assets - Programs We Offer | Guidelines and Highlights:

P&L-Only Mortgage Loan Program

Self-employed borrowers may qualify with an unaudited 12-month or 24-month profit and loss statement. Program features include financing up to 90% LTV, loan amounts up to $4 million, and no bank statements required to support the P&L.

08/05/2026 11/11/2026

No Ratio Mortgage Program

05/29/2025 09/09/2026

Contact a Loan Officer

Commercial Mortgage Stated Income Super Jumbo

Commercial Mortgage Stated Income This Commercial Mortgage Loan Program Does Not Require Tax Returns or W-2’s Credit Score: 660 Middle Credit Score Loan Amount: Loan

09/17/2014 07/09/2026

Super Jumbo DSCR Investor Mortgage

Super Jumbo Investor Mortgage | DSCR. A specialized DSCR loan program for real estate investors with a minimum credit score of 620. Offers up to

06/17/2021 09/08/2026

Non-QM – Stated Expense Ratio

10/15/2020 07/08/2026

Stated Income Home Builder Construction Loan Program

Stated Income Jumbo Construction Loan up to $10 Million for home builders. Short-term financing for construction projects—no 4506-T or 4506-C forms required. Ideal for builders

03/14/2016 08/24/2026

Super Jumbo Investor Loan

Super Jumbo Real Estate Investor Loan Program to $5,000,000 This investor program was created for seasoned professional Business Purpose Real Estate Investors for most property

01/09/2020 09/03/2026

Non-Prime True No Doc Mortgage Program

03/11/2021 08/14/2026

No Income No Asset Verification Mortgage

No income or asset documentation required—no 4506-T or 4506-C forms needed. As of June 2025, tax returns are not required for self-employed or W-2 borrowers.

09/03/2014 10/29/2026

Alternative Income Documentation

Contact a Loan Officer

Asset Depletion Loan Programs

Purchase Loans | Alt Doc Loans

Refinance Loans | Alt Doc Loans

Cash Out Refinance

No Doc Loans

Stated Income Loans

Second Mortgage Bank Statement Loans

Credit Score Tools

Non-Prime Bank Statement Loan

10/28/2014 08/08/2026

Non-Prime Bank Statement Loan

A non-prime bank statement loan allows self-employed borrowers to qualify using documented bank deposits and cash flow rather than relying exclusively on traditional full income documentation. The program is primarily designed for self-employed borrowers whose tax returns may not accurately represent the income available to qualify for a mortgage.

Personal or business bank statements may be used depending on the program selected. Available documentation periods range from short-term bank statement programs to a standard 24-month business bank statement option.

Bank Statement Income Documentation

Bank statement income is calculated from eligible deposits appearing in the borrower’s personal or business accounts. Business bank statements are reviewed for revenue and applicable business expenses, while personal bank statement programs generally evaluate qualifying deposits received into the borrower’s personal account.

The primary borrower must be self-employed. A W-2 co-borrower may also be permitted under applicable program guidelines.

Bank Statement Documentation Periods

Several bank statement documentation periods are available depending on the borrower profile, account type, credit qualifications, and underwriting requirements.

1 Month Personal Bank Statements
2 Months Business Bank Statements – Case-by-Case
3 Months Personal or Business Bank Statements
6 Months Personal Bank Statements
12 Months Personal Bank Statements
24 Months Business Bank Statements

Shorter documentation periods may be subject to different credit, LTV, reserve, and underwriting requirements than the standard 24-month program.

No Form 4506-C Bank Statement Qualification

Bank statement programs may allow income qualification without using IRS tax transcripts to establish self-employment income. Instead, qualifying income is based on the applicable bank statement analysis and supporting documentation required by the lender.

Form 4506-C requirements can differ when another type of income is included in the loan file, such as W-2 income or a documentation method that specifically requires tax-return verification.

Credit Score and LTV Requirements

Maximum loan-to-value ratios vary based on the borrower’s qualifying credit score and overall credit profile.

660 Credit Score – Up to 80% LTV
640 Credit Score – Up to 75% LTV
620 Credit Score – Up to 70% LTV
600 Credit Score – Up to 65% LTV

Final LTV eligibility is subject to transaction type, occupancy, property type, bank statement documentation, reserves, credit history, and other underwriting requirements.

Debt-to-Income Requirements

The maximum debt-to-income ratio is generally 50%. DTI ratios up to 55% may be considered at underwriter discretion when the borrower has sufficient compensating factors.

Bank statement qualifying income, monthly liabilities, housing expenses, credit profile, reserves, and other financial obligations are considered when determining the final qualifying DTI.

Credit History and Mortgage Late Requirements

The program permits certain recent consumer credit delinquencies that may fall outside traditional mortgage guidelines.

Up to three 30-day late payments during the previous 12 months, with no rolling late payments
Up to one 60-day late payment during the previous 12 months

Credit approval remains subject to the complete borrower profile and applicable underwriting requirements.

Bankruptcy, Foreclosure and Short Sale Seasoning

Previous major credit events do not necessarily require the longer seasoning periods commonly associated with conventional mortgage programs.

Short Sale – 1 Day Seasoning
Foreclosure – 12 Months Seasoning
Bankruptcy – 12 Months Seasoning

Eligibility following a major credit event remains subject to credit history after the event, LTV, reserves, and the complete underwriting profile.

Gift Funds

Gift funds may be used toward the down payment when provided by an eligible immediate family member. Funds from other acceptable sources may require a 60-day seasoning period.

Exceptions may be considered when supported by sufficient compensating factors and permitted under the applicable underwriting guidelines.

Eligible Occupancies

The program provides financing for several occupancy types.

Primary Residence
Owner-Occupied Properties
Second Homes and Vacation Homes
Investment Properties

Occupancy may affect maximum LTV, reserve requirements, pricing, and other underwriting criteria.

Eligible Property Types

Eligible residential property types include:

Single-Family Residences – Attached or Detached
Duplexes
Triplexes
Four-Unit Properties
Condominiums
High-Rise Condominiums Over Four Stories

Property eligibility remains subject to appraisal, condition, condominium requirements, occupancy, and other applicable underwriting guidelines.

Available Loan Terms

Fixed-rate and adjustable-rate mortgage terms are available.

15-Year Fixed 20-Year Fixed
30-Year Fixed
40-Year Amortization
10-Year Interest-Only Period Available
3/1 ARM
5/1 ARM
7/1 ARM
10/1 ARM

Loan term and interest-only eligibility depend on the borrower’s qualifying profile and applicable program requirements.

Reduced Documentation Income Option

A separate reduced-documentation option may be available for borrowers with a shorter employment history. This option uses approximately 12 months of employment and income documentation rather than the standard two-year history commonly associated with full-documentation underwriting.

Program characteristics may include:

Previous Year W-2 or 1099
12-Month Borrower-Prepared Profit and Loss Statement
640 Minimum Credit Score

Form 4506-C requirements should be confirmed for this option before publishing or submitting a loan because the documentation requirements differ from the primary bank statement program.

Lite Documentation Income Option

A separate lite-documentation program may also be available using a one-year income history.

Program characteristics may include:

One Year of Tax Returns
12-Month Borrower-Prepared, Unaudited Profit and Loss Statement
620 Minimum Credit Score
Asset Depletion Income May Be Combined
Applicable Reserve Requirements

This is a separate income-documentation method and should not be confused with qualification based solely on bank statement deposits.

The Program is Listed as Available in:

Alabama, Arizona, California, Florida, Georgia, Maryland, Massachusetts, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

720 Credit Score Second Mortgage – 85% CLTV

10/27/2014 07/25/2026

This second mortgage program is designed for qualified borrowers with a 720 credit score seeking financing up to 85% combined loan-to-value (CLTV). It may be used as a stand-alone second mortgage or structured as a purchase-money piggyback loan alongside a first mortgage to achieve the desired total financing.

Portfolio Lender HELOC to $1,000,000

Full income documentation is required. Qualification is based on verified income, credit history, property equity, debt-to-income ratio, and the combined balance of the first and second mortgages.

Second Mortgage Program Highlights

Purchase-money piggyback financing available
Maximum second mortgage loan amount: $1,000,000
Financing up to 85% maximum CLTV with qualifying credit
Select options may allow up to 70% LTV with a 700 credit score
Cash-out refinance loan amounts up to $250,000
Available as a stand-alone second lien or in combination with a first mortgage

Available Second Mortgage Loan Terms

Borrowers may choose from the following second mortgage structures:
HELOC: 10-year draw period followed by a 20-year repayment period
Draw-period payments generally calculated at 1% to 2% of the outstanding balance
20-year fixed-rate second mortgage with fully amortizing payments

Eligible Property Types

Owner-occupied two-unit properties
Attached condominiums
Detached condominiums
Second homes

This program may provide additional financing flexibility for a home purchase, cash-out refinance, or equity-access transaction without requiring the borrower to replace an existing first mortgage.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

5481u027145s54

Non-Prime Full Doc Jumbo Program Loan

10/16/2014 08/08/2026

600 Credit Score Jumbo Mortgage Programs

A 600 credit score jumbo mortgage provides non-prime financing for borrowers who meet full income documentation and underwriting requirements but may not qualify under conventional or traditional jumbo credit standards. This program permits jumbo and super jumbo loan amounts up to $3,500,000, subject to credit profile, loan-to-value ratio, property type, occupancy, and other underwriting requirements.

Non-Prime Jumbo Loan Program

This is a full-documentation mortgage program. Borrowers must document qualifying income, employment, assets, and other required financial information under the applicable underwriting guidelines.

The program is available for owner-occupied properties and provides financing for borrowers with qualifying credit scores as low as 600.

Loan Amount and LTV Requirements

Loan amounts are available up to $3,500,000. Maximum loan-to-value ratios vary according to the transaction type, borrower profile, and applicable underwriting requirements.

Loan Amounts up to $,500,000
Purchase Financing up to 80% LTV
Cash-Out Refinance up to 75% LTV
Higher LTV eligibility may be available under specific program tiers and qualifying scenarios

Final LTV is determined by the complete credit profile, property characteristics, transaction type, and other underwriting factors.

Income Documentation Requirements

Full income documentation is required for this program. Income must be verified using the documentation applicable to the borrower’s employment and income source.

Alternative documentation such as bank statements, 1099-only income, or no-income verification is not part of this specific program unless permitted under a separate loan product.

Credit Score and Credit Requirements

The minimum qualifying mortgage credit score is 600. In addition to the credit score, underwriting reviews the borrower’s established credit history, current account status, tradelines, and prior major credit events.

Tradeline Requirements

Borrowers must demonstrate an established credit history through qualifying tradelines.

Minimum of 2 tradelines seasoned for 24 months
At least 1 tradeline seasoned for 12 months with a minimum $3,000 high credit limit
Existing installment loans must be current and in good standing
Credit card and revolving accounts must be current and in good standing

Bankruptcy, Foreclosure and Short Sale Seasoning

Previous bankruptcy, foreclosure, and short-sale events generally require a minimum six-month seasoning period.

Exceptions may be considered when the borrower has sufficient compensating factors and otherwise meets the applicable underwriting requirements.

Eligible Property Types

The program is available for qualifying residential properties, including:
Single-Family Residences
Condominiums
Condominiums with fewer than four stories
Property eligibility remains subject to appraisal, condition, project requirements, and other underwriting criteria.

Eligible Occupancy

Eligible occupancy is limited to:
Owner-Occupied / Primary Residence

Available Loan Terms

Available financing includes adjustable-rate mortgage structures with interest-only payment options.

5/1-Year ARM
7/1-Year ARM
Interest-Only Available

Interest-only eligibility is subject to the applicable loan amount, LTV, credit profile, and underwriting requirements.

600 Credit Score Jumbo Mortgage Guidelines

A 600 credit score does not determine approval by itself. Jumbo underwriting also considers income documentation, employment stability, assets, reserves, tradeline history, recent payment performance, prior credit events, property type, and requested loan amount.

Borrowers with stronger compensating factors may qualify for exceptions to standard guidelines when permitted by the lender.

This program is currently listed as available in:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin.

Real Estate Investor Bank Statement Loan

10/07/2014 09/03/2026

Unique Investor Loan Program

real-estate-investor-cash-out/Designed for real estate investors, this Bank Statement loan can qualify investor income and self-employment income in different or multiple accounts. Rental income instead of tax returns, leases can be utilized to document income.

Include your Rental Income

Rental income may be included in conjunction with Borrowers Bank Statement Gross Deposit Income. Leases with Bank Statements or 1099’s with or without Asset Depletion.

* Real Estate Investor Alternative Documentation – Leases and bank accounts showing at least 4 consecutive months of rent receipt from all qualifying rental property leases. With the new lease and receipt of a security deposit equal to one month of rent, rent seasoning is not required. Also, in addition, (in conjunction with rental income) bank statements can be utilized just like a regular “bank statement loan,” 12 months or 12 months.

* Real Estate Investor borrower bank statements, business, personal or dba. Multiple commingle accounts OK if bank transfers can be identified as income revenue from an income source. Large deposits will be sourced.

Airbnb and Short-Term Rentals OK

Short-term Rental Income may be properly documented with the short-term rental facilitator statements,

Short-term rental income dollar amount is derived from a 12-month rent deposit average. Lenders can document rental income with most previous 10 months rental facilitator statements.

Guidelines and Requirements

Documentation type, credit depth and seasoning, borrower employment and business seasoning, Liquid asset sources, purchase seasoning.

Non-QM and Benefit to Borrower

Benefit to Borrower and the Ability-to-Repay Rule require Tangible Benefits to borrower such as Property Acquisition, Interest Rate Reduction, Credit Card Debt Consolation, Disposable Income increase, Fixed Rate or Term Extension Rate and Term Refinance, Cash Out Refinance for Business Expansion.

Bank Statements or “1099 Only” and/or REO Leases – Including Short Term Rental | Airbnb. Use your 1099’s or the co-borrowers’ 1099’s for additional income qualification.

Alternative Income Documentation

12-24 months Bank Statements or Form 1099 Only, Leases without tax returns or Form 4506T
Terms: 30 and 15-year fixed. ARM, 5-year, and 7-year
Debt-to-Income Ratio (DTI) up to 55%
Subordinate Financing Permitted
Business Purpose Available
Foreign National for either Second Home or Investment Property
Loan Amount >$1,500,000 – 2 Appraisals Required. Transfers Accepted on Approved AMC
Interest-Only Options Available
10-year Interest only term available for 40-year fixed rate and amortization up to 85% LTV, 80% LTV on 2-4 units.

Purchase or Rate/Term Refinance

720 Credit Score Loan Matrix

Credit Score	Loan-to-Value	Loan Amount
720	85% LTV	$2,500,000
720	75% LTV	$3,000,000
720	70% LTV	$4,000,000

700 Credit Score Loan Matrix

Credit Score	Loan-to-Value	Loan Amount
700	90% LTV	$2,000,000
700	85% LTV	$2,500,000
700	80% LTV	$3,000,000
700	75% LTV	$3,500,000

680 Credit Score Loan Matrix

Credit Score	Loan-to-Value	Loan Amount
680	85% LTV	$2,000,000
680	75% LTV	$3,000,000
680	70% LTV	$4,000,000
680	65% LTV	$4,000,000

660 Credit Score Loan Matrix

Credit Score	Loan-to-Value	Loan Amount
660	85% LTV	$2,000,000
660	80% LTV	$3,000,000
660	75% LTV	$3,500,000
660	65% LTV	$4,000,000

640 Credit Score Loan Matrix

Credit Score	Loan-to-Value	Loan Amount
640	80% LTV	$1,500,000
640	70% LTV	$2,000,000
640	65% LTV	$2,500,000

Cash Out Refinance

700 Credit Score Loan Matrix

Credit Score	Loan-to-Value	Loan Amount
700	75% LTV	$2,500,000
700	70% LTV	$3,000,000
700	65% LTV	$4,500,000
700	60% LTV	$5,000,000

680 Credit Score Loan Matrix

Credit Score	Loan-to-Value	Loan Amount
680	75% LTV	$2,000,000
680	70% LTV	$3,500,000
680	65% LTV	$4,000,000
680	55% LTV	$4,500,000

660 Credit Score Loan Matrix

Credit Score	Loan-to-Value	Loan Amount
660	75% LTV	$1,500,000
660	70% LTV	$2,000,000
660	65% LTV	$3,000,000
660	55% LTV	$4,000,000

Credit History Requirements – Credit Event Seasoning

* Maximum 1 30-day late for previous six months

* Foreclosure, 24 Months

* Bankruptcy, 24 Months

* Short Sale, 24 Months

* Deed In Lieu, 24 Months

* Housing Payment History

Loan Scenario Form – Credit Check Not Required

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.

Jumbo Cash Out Refinance Loan

10/06/2014 06/19/2026

Jumbo Loan Amounts to $4,000,000 85% LTV

-.08 x Tap into your home’s equity with a jumbo cash-out refinance up to $4,000,000 with a maximum loan-to-value (LTV) of 85% and minimum credit score of 660. Available for owner-occupied and second homes, including eligible single-family residences (attached or detached) and low-rise condos (under four ). .5

Jumbo Cash-Out Refinance Highlights -0.1

Maximum LTV: 85% -1
Cash Out Amount: Up to $3,000,000 _

Eligible Occupancy Types: 0

Owner-Occupied -1.2
Second Homes -.1
2 Unit OK 5% LTV Reduction -.1

Eligible Property Types: 0

Single-Family Residence (Detached) -1.2
Single-Family Residence (Attached) -.1
Condominiums (Less than 4 stories) -.1

Available Terms: 0

5-Year ARM -1.2
7-Year ARM -.1
No Prepayment Penalty on Owner-Occupied -.1

Credit Requirements: 0

Bankruptcy: Minimum 1-year seas -1.2
Foreclosure: Minimum 1-year seasoning
Short Sale: Minimum 1-year seasoning _

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

4581006142o2k

Jumbo Cash Out Refinance $4,000,000 So Cal

10/03/2014 11/25/2025

Jumbo Loan Program for Borrowers with Challenged Credit

For those with less-than-perfect credit, this Jumbo Loan program offers financing up to $4,000,000, with maximum cash-out proceeds reaching $3,000,000.

Credit and Property Guidelines

To begin with, a minimum credit score of 660 is required. When it comes to property types, single-family homes and duplexes qualify for up to 85% LTV financing.

Occupancy Options

Moreover, both owner-occupied and investment properties are eligible: 1–2 units and 3–4 units can be financed up to 70% LTV, with loan amounts up to $2,000,000. Second homes are permitted with a maximum of 80% LTV financing.

Additional Program Features

In addition, gift funds and unseasoned assets may be used toward the down payment, and there is no requirement for Private Mortgage Insurance (PMI) helping to reduce monthly costs.

Available in the Following States:

California.

Commercial Mortgage Stated Income Super Jumbo

09/17/2014 07/09/2026

Commercial Mortgage Stated Income

This Commercial Mortgage Loan Program Does Not Require Tax Returns or W-2’s

Credit Score: 660 Middle Credit Score

Loan Purpose:
Purchase
Refinance
Cash Out Refinance. Cash out can be used for any reason and is capped at 70% LTV

Loan Amount:

$250,000 minimum
Super Jumbo to $5,000,000 Maximum

Loan to Value:

85% LTV Purchase Maximum
80% LTV Cash Out Refinance Maximum

Eligible Property Types:

Multi-Unit >5 Units
Mixed Use
Automotive Services
Office Space
Self-Storage
Retail Store
Mobile Home Parks
Warehouse

Available Terms:

3-Year ARM
5-year ARM
30-Year Fixed
40-Year Fixed
30-Year Fixed Interest Only
40-Year Fixed Interest Only
No balloon note rolls into 6-month Libor ARM

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Nevada, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

778091714369

Nontraditional Credit Loan

09/16/2014 11/04/2026

Nontraditional Credit Loan Program | 620 Credit Score Required

This loan is for borrowers that don’t have or don’t have enough traditional credit; credit that is reported to the 3 credit bureaus. The underwriter will require 3 credit accounts with a 12-month minimum history. These 3 pieces of “credit history” can be any combination of both traditional and Non-traditional credit and can come from either the borrower or co-borrower for a total of six, minimum.

Underwriting Guideline Highlights:

Purpose: Purchase & Cash Out Refinance

Required Credit Criteria:

Traditional Tradelines Can Come from Either the Borrower or Co-Borrower or Both.

Authorized User Tradelines Do Not Qualify.

Eligible Property Types:

SFR
Condo – Less Than 4 Stories
3-4 Unit Properties Require All Traditional Tradelines/credit Accounts on the Credit Report

Eligible Occupancies:

Owner-Occupied Only

Available Terms

1-, 3- and 5-year ARM
15 and 30 year-fixed

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Reference# – 245091114

95 Percent Financing 620 Credit Score

09/16/2014 11/20/2025

96.5% LTV Purchase Loan 630 Credit Score Update

Purchase and Rate and Term Refinance Only. No Cash Out

This high-LTV program provides an accessible path to homeownership with 96.5% financing available for borrowers with a 630 credit score. It supports purchase and rate-and-term refinance transactions only, ensuring a focus on long-term borrower stability. Cash-out is not allowed, which helps maintain responsible equity positions. The structure is well-suited for borrowers who need flexible credit parameters without sacrificing underwriting discipline.

Borrowers may qualify with a 55% maximum DTI, and the program applies exclusively to owner-occupied properties, including single-family homes, low-rise condos, and up to four units. A minimum of two months of reserves is required to demonstrate basic payment readiness. This combination of high leverage and reasonable reserve expectations makes the program appealing to first-time buyers and credit-challenged borrowers seeking a stable entry point into homeownership.

55% Maximum Debt Ratio DTI

* Owner Occupied Only

Property Types: SFR, Condos (<4 Stories), 4 Units

Assets: 2 Months Reserves required

Eligible Borrowers:

* Military Personnel

* Permanent Resident Aliens

* Non-Permanent Resident Aliens

Eligibility extends to military personnel, permanent resident aliens, and non-permanent resident aliens, creating a broad and inclusive borrower base.

Credit Notes and Summary:

Credit requirements include at least two tradelines with 24 months of activity, along with seasoning periods of two years after bankruptcy and three years after foreclosure. Housing, installment, and revolving credit histories must show no 30-day late payments during the past 12 months. Additional flexibility is provided for medical collections and charge-offs, while restrictions apply to recent judgments, tax liens, and vehicle repossessions.

* Need a minimum of two tradelines with a 24-month history

* Bankruptcy requires 2 years seasoning

* Foreclosure requires 3 years seasoning

* Mortgage or rent history, no 30-day lates for the last 12 months

* Installment Loans and Revolving Accounts, no 30-day lates for last 12 months

* No open judgments for the last 24 months

* No Tax liens for previous 12 months

* Medical Collections and Charge-offs OK

* No Car repossessions in previous 24 months

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Reference# 784528091614841

Investor Purchase Loan Program for Real Estate Investors

09/16/2014 09/03/2026

This investor purchase loan program provides flexible financing for borrowers acquiring residential investment properties, second homes, and select owner-occupied properties. Qualified borrowers may finance multiple properties, use lease-based documentation, and access jumbo loan amounts from $250,000 to $4,000,000.

Borrowers may own an unlimited number of properties; however, no more than 10 properties may currently have mortgage liens. Financing may be available for borrowers with up to 12 financed properties, subject to credit, reserve, property, and underwriting requirements.

Investor Loan Credit and LTV Requirements

Qualified borrowers may be eligible for financing up to 85% loan-to-value with a 680 middle credit score.

Final LTV eligibility depends on the loan amount, occupancy, property type, available reserves, credit history, and overall loan profile.

No-Ratio and Rental Income Documentation

A no-ratio income documentation option may be available, allowing qualification without calculating the borrower’s personal debt-to-income ratio.

Property income may be documented using:

Current lease agreements
Appraisal Form 1007 market-rent analysis
Tax returns when rental income must be included in the qualifying calculation

Lease agreements may also be accepted when permitted under the applicable underwriting guidelines.

Reserve Requirements for Multiple Properties

Borrowers must generally document:

Six months of reserves for the subject property
Six months of liquid reserves for each additional financed property

Eligible cash-out proceeds may be used to satisfy reserve requirements when permitted by the lender.

Jumbo Investor Loan Amounts

Available loan amounts include:

Minimum loan amount: $250,000
Maximum loan amount: $4,000,000

Maximum financing is determined by credit score, loan-to-value ratio, property type, occupancy, reserves, and the borrower’s complete financial profile.

Eligible Property Types

The investor purchase loan program may be available for:

Single-family residences
Non-warrantable condominiums
Two-unit properties
Planned unit developments

Eligible Occupancy Types

Financing may be considered for:

Owner-occupied properties
Non-owner-occupied investment properties
Second homes

Program guidelines and income-documentation requirements may differ by occupancy type.

Additional Underwriting Guidelines

Rental income may require tax returns when it is used for qualification, although current lease agreements may be accepted under select program guidelines.

A minimum seven-year seasoning period may be required following a bankruptcy or foreclosure.

Interested-party contributions may be permitted for eligible second-home and non-owner-occupied investment-property transactions.

Available States

This business purpose mortgage program may be available in:

Asset Depletion Super Jumbo Mortgage

09/16/2014 08/05/2026

Asset Depletion Income and Jumbo Bank Statement Loans

Asset Depletion loans offer flexible qualification for borrowers with substantial liquid assets, using those assets in place of traditional income documentation. Ideal for high-net-worth individuals or retirees, this super jumbo mortgage product allows up to 80% LTV with a $2,500,000 loan amount, a 660 minimum credit score, and a 40-year term with a 10-year interest-only option. Tailored for borrowers who prioritize cash flow and long-term financial strategy.

Asset Depletion 660 Credit Score

For borrowers that prefer, for whatever reason, not to provide their tax transcripts with a lender that does not require them and in addition, does not require a signed or executed Form 4506-C.

Asset Depletion to Offset Income Ratios

Bank Statements can also be utilized to supplement income. This can be done under any loan program within this program’s core product offering including the Super Jumbo program to 5 million. This loan is for borrowers that cannot or choose not to document their income but also have a considerable amount of liquid assets. The difference between this loan and a regular Bank Statement loan is the super jumbo loan amounts and the loan program flexibility, making it all-around easier to qualify for.

Loan Program Breakdown

Asset depletion mortgage: Use liquid assets (cash, investments, retirement) as qualifying ‘income. No W-2s or tax returns required, ideal for asset-rich borrowers.

Loan Purpose Purchase, Cash Out Refinance

Eligible Property Types:

Single Family Residence – attached and detached
Condominiums <4 stories
1-2 Units
3 Units
4 Units

Eligible Occupancies:

Owner-Occupied Primary
Owner-Occupied Investment
Investment
Second/ Vacation

Asset Depletion Loan Underwriter Notes:

Auxiliary Dwelling Unit (ADU) – OK
Full Income Documentation Pricing
Eligible Liquid Assets: CD’s, Monet Market, Stocks, etc. Speak to your Loan Officer (800) 718-8906 additional information
24-48-Hour Underwriting Turn-Time
Credit Scores: 640 Middle Credit Score, the Middle of the three credit scores or lower of two

Highly qualified borrowers with strong credit and reserves are not getting the mortgage loans they should.

Available in the Following States:

Alabama, Alaska, Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Minnesota, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, Wisconsin, and Wyoming.

No Income No Asset Verification Mortgage

09/03/2014 10/29/2026

No Income or Asset Documentation Mortgage Program

This mortgage program allows eligible borrowers to qualify for financing without traditional income or asset documentation. No tax returns, 4506-T, or 4506-C are required for qualification.

Financing is available for owner occupied primary residences and second homes, with loan amounts from $350,000 to $3,500,000 and maximum LTV up to 80%.

Updated: October 2026

No Tax Returns, or 4506-C Required

Borrowers are not required to provide traditional income documentation or asset documentation for qualification under this program.

The program does not require:

Tax Returns
4506-T
4506-C
Traditional Income Documentation
Traditional Asset Documentation

Loan Purpose

Eligible transactions include:

Purchase
Rate/Term Refinance
Cash Out Refinance

Cash Out Refinance Seasoning

For cash out refinance transactions, the property must have been owned for at least 90 days to use the current market value when calculating loan-to-value.

If the property has been owned for less than 90 days, the purchase price will be used to determine LTV.

Credit Score, LTV and Loan Amount

Program guidelines include:

Minimum Credit Score: 660
Maximum LTV: 80%
Minimum Loan Amount: $350,000
Maximum Loan Amount: $3,500,000

Eligible Property Types

Eligible property types include:
Single Family Residences (SFR)
Planned Unit Developments (PUDs)

Eligible Occupancy Types

The program is available for:

Owner Occupied Primary Residences
Second Homes

Available in the Following States

This no income or asset documentation mortgage program is available in:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Maine, Maryland, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

100% LTV USDA Financing

06/25/2014 10/08/2026

USDA financing provides eligible homebuyers with the ability to purchase a primary residence with 100% financing and no down payment. The USDA Single Family Housing Guaranteed Loan Program is designed for qualified low- to moderate-income households purchasing homes in eligible rural areas.

This program can be especially useful for borrowers who have sufficient income to qualify for a mortgage but want to minimize the amount of cash required for a down payment.

USDA Loan Program Highlights

Up to 100% LTV financing
No down payment required for eligible purchases
620 minimum credit score
Purchase financing
Eligible USDA refinance transactions
Primary residence only
30-year fixed rate financing
No cash out refinance
Eligible rural property location required
Household income limits apply
First time homebuyer status is not required
USDA upfront guarantee fee and annual fee apply
USDA officially permits 100% financing for eligible borrowers and properties, and the program is not restricted to first time homebuyers.

USDA Purchase Financing

USDA purchase financing allows qualified borrowers to finance up to 100% of an eligible home’s value, which can eliminate the need for a traditional down payment.

The property must be located within a USDA eligible area and must be occupied as the borrower’s primary residence. Borrowers must also satisfy applicable household income and underwriting requirements.

Eligible transactions may include the purchase of an existing home or new construction, subject to USDA and lender requirements.

Financing Closing Costs and the USDA Guarantee Fee

USDA guidelines allow certain eligible closing costs and reasonable customary expenses to be included in the transaction.

The USDA upfront guarantee fee may also be financed. USDA guidance permits the maximum loan amount to exceed 100% of appraised value when the financed upfront guarantee fee is included.

The final loan amount remains subject to appraisal, eligibility, and underwriting requirements.

USDA Refinance Loans

USDA refinance programs are available for certain borrowers who already have an eligible USDA loan.

A refinance may be used to replace an existing USDA Section 502 Direct or Guaranteed loan with a new USDA mortgage, subject to the requirements of the applicable refinance option.

Rate/Term Refinance

An eligible USDA rate/term refinance may be used to pay off an existing USDA mortgage and replace it with a new USDA loan.

Depending on the refinance option, requirements may address:

Existing USDA loan history
Current interest rate
Payment history
Property occupancy
Household income
Loan seasoning
Appraisal requirements
Payment reduction requirements

Cash Out Refinance

Cash out is not available with USDA refinance financing.

USDA guidelines do not permit borrowers to receive cash from available property equity as part of the refinance transaction.

USDA Property Types

Eligible property types may include:

Single family residences
Condominiums
Planned Unit Developments
Modular homes
Eligible manufactured homes

USDA specifically identifies detached and attached homes, condominiums, PUDs, modular homes, and manufactured housing as potentially eligible property types, subject to applicable program requirements.

The property generally cannot be used as an income producing property and must serve as the borrower’s permanent primary residence.

USDA Property Location Requirements

USDA financing is intended for properties located in designated eligible rural areas.

However, the term rural can be broader than many borrowers expect. Eligible locations can include small towns, communities outside major metropolitan areas, and certain suburban locations.

Property eligibility is determined by the USDA based on the specific property address and current geographic eligibility boundaries.

Is the Property USDA Eligible?

USDA provides an online property eligibility system that can be used to determine whether a specific address is located within an eligible area.

Because USDA eligibility boundaries can change, the property address should be checked during the loan qualification process rather than relying solely on the city or county.

USDA Household Income Limits

USDA loans are subject to household income limits.

For the USDA Guaranteed Loan Program, household income generally cannot exceed 115% of the applicable median household income for the area.

This is an important distinction because USDA considers household income for program eligibility rather than looking only at the qualifying income used to approve the mortgage.

Income limits vary based on:

Property location
Household size
Applicable USDA income limits
Allowable income adjustments and deductions

A borrower can therefore have sufficient qualifying income to obtain the mortgage while still needing to satisfy the separate USDA household income eligibility test.

USDA Credit Score Requirements

This program is available with a 620 minimum credit score, subject to lender underwriting requirements.

Credit score is only one part of the approval process. Underwriting may also evaluate:

Mortgage and rental payment history
Revolving and installment debt
Debt-to-income ratios
Employment history
Income stability
Assets
Credit events
Overall credit profile

Meeting the minimum credit score does not by itself guarantee loan approval.

USDA Debt-to-Income Requirements

USDA underwriting evaluates the relationship between the borrower’s qualifying income and monthly obligations.

Debt-to-income requirements may vary depending on the overall loan profile, automated underwriting findings, credit history, compensating factors, and lender overlays.

Borrowers with stronger overall credit profiles may have additional underwriting flexibility when permitted under USDA guidelines.

Primary Residence Requirement

USDA Guaranteed Loans are intended for owner occupied primary residences.

The borrower must agree to personally occupy the property as a primary residence. USDA financing is generally not available for:

Investment properties
Vacation homes
Second homes
Non owner occupied properties

USDA states that eligible borrowers must personally occupy the property as their primary residence.

USDA Mortgage Terms

USDA Guaranteed Loans generally use a 30-year fixed rate mortgage.

This provides borrowers with a fixed principal and interest payment over the term of the loan rather than an adjustable interest rate. USDA identifies 30-year fixed rate financing as the standard structure for the Guaranteed Loan Program.

USDA Guarantee Fee and Annual Fee

USDA Guaranteed Loans include an upfront guarantee fee and an annual fee.

The upfront guarantee fee may generally be financed into the loan rather than paid entirely out of pocket at closing.

The annual fee is calculated based on the outstanding principal balance and is typically collected as part of the borrower’s monthly mortgage payment.

These charges function differently from conventional private mortgage insurance and should be included when evaluating the total monthly payment and financing structure.

USDA Loans Are Not Just for First Time Homebuyers

USDA financing is not limited to first time homebuyers.

A borrower who has owned a home previously may still qualify as long as the borrower satisfies USDA occupancy, household income, credit, property eligibility, and other underwriting requirements.

Available States

This USDA loan program is available in:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin.

Program availability may vary by state, lender, borrower qualifications, property location, and current underwriting requirements.

USDA Loan Qualification

USDA financing can be a strong option for borrowers seeking to purchase a primary residence with little or no money available for a down payment.

Qualification generally requires review of:

Property eligibility
Household income limits
Borrower qualifying income
Employment history
Credit profile
Debt-to-income ratios
Existing monthly obligations
Property type
Occupancy
Available assets and funds needed for closing

A loan officer can review the complete scenario to determine whether the borrower, property, and requested loan meet USDA and lender requirements.

Mortgage Pre-Qualification Form – No Credit Check

If you are considering USDA financing, complete our Mortgage Pre-Qualification Form – No Credit Check to have your loan scenario reviewed before submitting a full mortgage application.

We can review your income, credit profile, estimated purchase price, property location, and financing objective to determine whether a USDA loan or another available mortgage program may be appropriate.

A soft credit inquiry is also available when additional credit information is needed.

Manufactured Home Loans

06/25/2014 06/06/2026

Manufactured Home Loan Programs

680 Credit Score, Minimum

50% – Maximum Debt-to-Income Ratio DTI

No Cash Out

All Automated Underwriting

Owner-Occupied Only

FHA

Maximum LTV:

Purchase – 96.5%Rate and Term Refinance – 97.5%

Streamline Refinance Available

Maximum LTV:

Purchase – 100%

Rate and Term Refinance – 90%

Streamline Refinance Available

Conventional Financing Available to 80% LTV

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Louisiana, Maine, Maryland, Massachusetts, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Reference# – 225062514222ali

Rural Property

06/18/2014 11/04/2026

Flexible Financing for Homes and Acreage in Rural Areas

Our Rural Property Loans are designed for buyers and investors seeking mortgages for residences or acreage beyond metropolitan areas. We provide programs that address unique property types and income profiles that may not fit traditional guidelines.

Key Features

Competitive interest rates for qualified borrowers
Options for primary, second homes, or investment properties
Financing available for acreage or mixed-use parcels (subject to underwriting)
Flexible documentation for self-employed and non-traditional income sources
Solutions for larger lots, farms, or specialized property types

Why Choose Broker Mortgages

With deep expertise in non-QM and portfolio lending, we help clients secure mortgages that fit rural property needs. Our personalized approach ensures you receive the best guidance and loan structure for your goals.

Start Your Application

Explore financing for your rural property with an experienced mortgage team. Contact us today to discuss eligibility and loan options.

Portfolio Mortgage Programs

06/18/2014 07/25/2026

Portfolio Mortgage Program Highlights 2026

Portfolio mortgage programs provide expanded flexibility. This one is for borrowers who require solutions outside traditional agency parameters.

With options ranging from Portfolio Jumbo, FHLMC Super-Conforming and FHA 60-day flips to non-conforming jumbo financing up to $20 million, borrowers gain access to a broad set of underwriting paths tailored for complex scenarios.

Additional features—such as transferred appraisals, unpermitted space eligibility, and repair escrows up to $150,000 for buyers and investors.

This loan program also supports alternative qualification methods, including delayed financing, stated income options, asset depletion, and pledged assets.

Borrowers with multiple financed properties benefit from expanded allowances up to ten properties with strong credit to meet their diverse residential financing needs.* FHLMC Super-Conforming.

Guidelines and Highlights

FNMA unpermitted space ok if documented per guidelines
Transferred appraisals ok on most programs-
5-10 Financed Properties w/ 700 FICO
FHA Flips Less than 60 Days
EEM (Energy Efficient Mortgages)
Non-Conforming (Jumbo and Super Jumbo) to $15,000,000
HUD $ 100 Down
Repair Escrow to $150,000 on HUD REO
Delay financing & stated income
Asset depletion / Pledge assets

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Maine, Missouri, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wisconsin.

203K Streamline

06/17/2014 06/16/2026

Cash Grant for Repairs

This is a government program available to most borrowers. The government likes it when a homeowner buys in a rough area when their intention is to fix up the house and in effect fix up the neighborhood.

Loan Purpose:

Purchase and Rate and Term Refinance that comes with grant cash

203K Streamline is a fast and easy mortgage loan

Include up to $35,000 in repair expense

No Manufactured Homes

640 Credit Score minimum

Owner Occupied only

Manual desk review for all appraisals

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Kentucky, Maine, Maryland, Minnesota, Mississippi, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Washington, Wisconsin, and Wyoming.

6bm621145

Jumbo Bank Statement Loan 5-Million

05/23/2014 10/23/2025

Lite Doc – 12-Month Bank Statement Program

Qualify with a 12-month average of gross deposits instead of traditional income documentation. Designed exclusively for self-employed borrowers, this program no longer requires Forms 4506-T or 4506-C. Now expanded to include sole proprietor independent contractors.

Get Pre-Qualified No Credit Check

October 2025 Update:

* Purchase & Rate/Term Refinance: Up to 85% LTV

* Cash-Out Refinance: Up to 80% LTV, with a maximum $2,000,000 cash-in-hand (excluding proceeds used for debt consolidation under the “Debt Consolidation Mortgage Program”). Underwriter exceptions to $3,000,000

Alternative to Traditional Bank Statement Loans

Instead or in addition to bank statements, 1099s can be used without requiring a 1040 or Schedule C. This income is added to the overall qualifying income, aligning more closely with a Full Income Documentation Program—unlocking Full Doc pricing.

Credit Notes

* Credit Score 680 Minimum Middle for all Borrowers

* Bankruptcy Discharge Seasoning Requirements – 2 Years Seasoning Required for Chapter 7

* Seasoning Required for Chapter 13 Bankruptcy

* Foreclosure Discharge Seasoning Requirement – 4 Years Seasoning Required

* Loan Modification Complete (yeah, right. Lose your Paperwork, did they?)- 3 Years Seasoning Required

Available Terms

* 5-, 7- and 10-year ARM’s and 15 year fixed

* Balloon note at ARM maturity or option to roll into an equity line

Eligible Property Types

* Single Family Residence

* 1-4 Unit Properties

* Condominiums

Eligible Occupancies

* Owner-Occupied

* Investment Property

* Second Home

Get Pre-Qualified No Credit Check

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Washington, Wisconsin, and Wyoming.

Home Equity Line of Credit – HELOC

05/21/2014 09/07/2025

Portfolio Prime Loan Program

Overview

The Portfolio Prime Loan Program is designed for borrowers with strong financial profiles who may not qualify for conventional or jumbo loans. This program provides flexible underwriting, alternative income documentation options, and higher loan limits.

Key Features:

Minimum FICO Score: 620 (Alternative Documentation Allowed)

Loan Amounts: Up to $3.5 million

Maximum Loan-to-Value (LTV): 90%

Debt-to-Income (DTI) Ratio: Up to 50%

Alternative Income Documentation:

12 & 24-month bank statements
:Profit & Loss (P&L) statements
1099 IRS Form
Asset Conversion

Occupancy Options:

Primary Residences

Second Homes

Investment Properties

Cash-Out Refinance: Available up to $1 million

Loan Terms:

30-Year Fixed

40-Year Fixed

5/6, 7/6 Adjustable Rate Mortgages (ARM)

Interest-Only ARM options

Eligible Borrowers:

U.S. Citizens

ITIN Borrowers (Non-U.S. Citizens with U.S. Tax Obligations)

Property Types:

Single-Family Homes

Townhomes

Condominiums (Non-Warrantable Condos Allowed)

Multi-Unit Properties (Restrictions Apply)

Mixed-Use Properties (Must be primarily residential)

Underwriting Highlights

Recent Credit Events Allowed (with seasoning):

Foreclosure, Bankruptcy, Short Sale, or Deed-in-Lieu (Minimum 48-month seasoning required)

Flexible Reserve Requirements:

Cash-out proceeds can be used for reserves

Minimum reserves range from 6-12 months based on loan amount

Expanded Borrower Eligibility:

Self-Employed Borrowers Accepted

First-Time Investors Allowed (LTV restrictions apply)

Prepayment Penalties:

Allowed on Investment Properties (Where Permissible by Law)

Non-Arm’s Length Transactions: Subject to additional underwriting review

Ideal Borrowers

This loan program is tailored for:

High-net-worth individuals requiring alternative documentation

Self-employed borrowers with strong income but limited W2 earnings

Investors seeking flexible financing for multiple properties

Borrowers with recent credit events who meet seasoning requirements

Internal Linking Strategy

This loan program should be interlinked with the following relevant pages:

[Prime Advantage Loan Program] (For Prime Borrowers)

[Flexible Advantage Plus] (For Portfolio Borrowers Needing Expanded Guidelines)

[Investor Advantage (DSCR)] (For Real Estate Investors)

[Flexible Advantage] (For Non-Prime Borrowers)

Call to Action

Find out Your Financing Options Today!

Contact us to learn more about the Portfolio Prime Loan Program and see if you qualify. Our team is ready to help you find the best mortgage solution for your needs.

Super Jumbo Programs

04/10/2014 09/02/2026

Super Jumbo Non-QM Mortgage Broker Loan Program

Our Super Jumbo Non-QM Mortgage Broker program is designed for high-net-worth borrowers seeking maximum flexibility and financing solutions beyond traditional lending guidelines. Whether you’re purchasing a luxury home, refinancing an existing mortgage, funding a commercial investment, or accessing equity through a cash-out refinance, this program offers loan amounts from $200,000 to $10,000,000.

Unlike conventional loan programs, this Non-QM financing option provides greater flexibility for borrowers with complex financial profiles while supporting a wide range of loan purposes and property types.

Key Benefits of Our Super Jumbo Non-QM Mortgage Program

Our Super Jumbo Non-QM loan offers numerous advantages for qualified borrowers:

Loan amounts from $200,000 to $10,000,000
Financing for luxury residential and select commercial properties
Flexible underwriting for high-net-worth borrowers
Cash-out available for virtually any legal purpose
Multiple occupancy and property type options
Available in 20+ states
Designed for borrowers who may not fit traditional agency guidelines

Whether you’re purchasing your dream home or leveraging your property’s equity for future investments, our Non-QM Mortgage Broker program provides customized financing solutions.

Eligible Loan Purposes

This Super Jumbo loan program supports a variety of financing needs, including:

Home Purchase
Rate-and-Term Refinance
Cash-Out Refinance
Construction Financing
Commercial Property Financing
Property Acquisition

Our lending specialists work with borrowers seeking customized financing strategies for both residential and commercial real estate transactions.

Cash-Out Refinance with Maximum Flexibility

One of the most attractive features of this Non-QM loan program is the ability to access your property’s equity through a cash-out refinance.

Borrowers can use the proceeds for nearly any legal purpose, including:

Investing in real estate projects
Purchasing stocks or other investments
Business expansion
Paying college tuition or education expenses
Home renovations
Debt consolidation
Purchasing additional investment properties
Building personal wealth
Major life expenses or financial planning

Unlike many conventional loan programs, this financing provides exceptional flexibility in how your funds are used.

Loan Guidelines

Loan Amount

Minimum: $200,000
Maximum: $10,000,000

Minimum Borrower Net Worth

Applicants must have a minimum verified net worth of:

$2,000,000

Eligible Occupancy Types

This loan program is available for:

Owner-Occupied Primary Residences
Second Homes
Non-Owner Occupied Investment Properties

Eligible Property Types

Qualified property types include:

Single-Family Residence (SFR)
Condominiums
1–4 Unit Residential Properties

Additional commercial property opportunities may also qualify under program guidelines.

Who Is This Super Jumbo Non-QM Loan Best For?

This financing solution is ideal for:

High-net-worth individuals
Self-employed borrowers
Real estate investors
Business owners
Luxury home buyers
Borrowers seeking large loan amounts
Clients requiring flexible underwriting
Individuals with substantial assets but non-traditional income documentation

Our experienced Non-QM Mortgage Brokers help borrowers navigate complex financing scenarios that many traditional lenders cannot accommodate.

Work with an Experienced Non-QM Mortgage Broker

Choosing an experienced Non-QM Mortgage Broker can make all the difference when securing high-balance financing. We specialize in helping borrowers qualify for Super Jumbo mortgage solutions with personalized service, competitive rates, and flexible underwriting designed for today’s unique financial situations.

If you’re looking for a Super Jumbo Non-QM loan between $200,000 and $10 million, our team is ready to help you explore your options and find the financing solution that best fits your goals.

States Where This Program Is Available

Our Super Jumbo Non-QM Mortgage Program is currently available in the following states:

Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington

Super Jumbo Bank Financing to 30 Million

04/10/2014 07/02/2026

Our Jumbo Mortgage Portfolio Bank Loan is designed for borrowers seeking larger loan amounts, flexible underwriting, and financing solutions beyond traditional agency guidelines. Whether you’re purchasing, refinancing, or accessing equity, this portfolio program offers competitive terms with expanded qualification options for high-value residential and commercial properties.

Ideal for self-employed borrowers, business owners, investors, and high-net-worth individuals, this program includes alternative income documentation—including 1099-only qualification up to $3 million—along with interest-only options, flexible occupancy guidelines, and loan amounts up to $30 million.

Jumbo Mortgage Portfolio Bank Loan – Highlights

* Alternative Lite Doc income documentation: 1099 Only to $3,000,000

* Excellent alternative to a conventional jumbo mortgage.

* Property Types: Residential, Commercial, Industrial, Apartments, Mixed-Use, Schools, and Special Purpose Properties.

* Loan Amounts: $500,000 – $30,000,000

* Available in 49 states (all states except New York).

* Trust Deed Position: 1st Lien Only

* Extremely competitive interest rates.

* 5-, 7-, and 10-Year Interest-Only options available on 30-year loan terms.

* 20-Year Fixed and 30-Year Fixed terms available.

* Departing residence rental income may be used to help qualify.

* Eligible for Single-Family Residences.

* Available for both Owner-Occupied and Non-Owner-Occupied properties.

Available in the Following States:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia

Stated Income Jumbo – 740 Credit Score

04/10/2014 08/08/2026

Stated Income Mortgage Loan Up to $4,000,000

Access an easy home loan up to $4,000,000 based on stated income, with a minimum credit score of 740. Skip the hassle and stress of an executed Form 4506-C – it’s not needed for your application, approval or at any time throughout to close. Access substantial financing without the paperwork fuss and frustration, delays, improper expectations, etc.

Stated Income and Verified Assets Loan Program

This stated income mortgage program requires a strong overall credit profile, with a minimum qualifying credit score of 740. Credit history, mortgage payment performance, open tradelines, and recent derogatory events are reviewed as part of the underwriting decision.

740 Minimum FICO
No IRS Form 4506-C
Loans to $4,000,000
Exceptions to $5,000,000 with strong compensating factors

Credit Score and Credit Requirements

Mortgage Credit Score Requirements

The qualifying mortgage credit score is based on the middle score when three credit scores are available or the lower score when only two scores are reported. A minimum 740 FICO score is required.Credit Events and Payment History

Borrowers may not have a history of bankruptcy, foreclosure, or consumer credit counseling. Collections, liens, judgments, and charge-offs are subject to underwriting review and may be required to be satisfied depending on the circumstances.

Consumer revolving debt may generally include up to two 30-day late payments during the previous 12 months. Installment debt may not have late payments during the previous 12 months.

Mortgage payment history must remain current, with no mortgage late payments permitted during the previous 24 months.

Tradeline Requirements

Borrowers must demonstrate an established credit history with a minimum of four open credit accounts. At least two accounts must be open and active with a minimum two-year credit history.

Refinance Requirements

Existing mortgage liens must be paid off
Cash out OK
Six-month seasoning
Property-value seasoning
Ownership transfer restrictions
Market-value seasoning / MLS required

Property Value and Appraisal Requirements

Two appraisals when value exceeds $3,500,000
Property condition
Property condition

Self-Employed Borrower Eligibility Requirements

Self-Employed Borrowers: 2-year Job History. 1 year considered with industry experience. There are many ways to verify employment. Example: third party such as your CPA. or anyone else who carries an active and verifiable license. Ask your loan officer for assistance, further details and additional information.

Stated Income/Verified Assets Reserve Requirements

Your income is stated on the application by loan officer. Stated Income/Verified Assets The amount of liquid assets required pertains to your loan amount illustrated below:

Liquid Asset Requirements: Loan Amount / Reserves

Reserve Requirements

$2,000,000 / $150,000
$2,000,000 / $250,000
$3,000,000 / $400,000
$4,000,000 ‘/ $500,000

Acceptable Liquid Assets

Keep checking, savings, CDs, stocks/bonds, retirement, money market, cash 30 days seasoned in the bank. etc. as bullets rather than headings.

2 months bank statements or a VOD, Verification of Deposit, personal or business bank statements OK

Eligible Borrowers

Investors/ Property Managers – Rental Agreements can be qualified as income
Permanent Resident Aliens
Ineligible Borrowers
Real Estate Owned and Financed Property Limits.
20 Financed REO Maximum

Eligible Property Types

Single-Family Residence
Townhomes
PUDs
Condos
1–4 units if applicable

Eligible Occupancies

Owner-Occupied
Non-Owner-Occupied
Investment Properties
Second Homes

Additional Underwriting Guidelines

Borrower Fraud Alert report ordered by lender before funding
Business phone verification
Gift funds
Accounts receivable
Residual income
Other miscellaneous underwriting notes

Available Loan Terms

5- and 7-Year ARMs
15-Year Fixed
40-Year Amortization
Interest-Only Available

Available in the Following States:

Stand Alone Second Mortgage Loan Program

04/10/2014 09/10/2026

Second Mortgage – $750,000 680 Credit Score

This Stand-Alone Second Mortgage Loan Program offers flexible financing solutions for homeowners seeking additional funds without refinancing their first mortgage. Borrowers can access up to $750,000 through a second mortgage, whether for a purchase piggyback, refinance piggyback, or cash-out purposes.

90% CLTV Closed End Mortgage

This program allows up to 90% combined loan-to-value (CLTV) and requires a minimum 680 credit score. Eligible properties include detached and attached single-family homes as well as condos, with occupancy options for primary residences and second homes. Borrowers must provide full income documentation, and both salaried and self-employed applicants are eligible.

Submit your Loan Scenario for Loan Officer Review

Eligible Property Types:

Single Family Residence – Detached
Single Family Residence – Attached
Condo

Eligible Occupancy Types:

Owner-Occupied / Primary Residence
Second / Vacation Home
Consolidated debt calculated into the end result DTI, debt to income ratio

Credit Notes:

680 Minimum Mortgage Credit score

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington

Manual Underwriting Loan Programs

04/10/2014 11/04/2026

Manual Underwriting Loan Programs

Flexible Mortgage Solutions with Manual Underwriting

Manual underwriting is designed for borrowers who may not meet traditional automated underwriting requirements. Instead of relying solely on credit scores and computer-driven approvals, a manual underwrite allows lenders to carefully review your full financial picture—income, assets, and payment history—to provide a tailored mortgage solution.

Who Benefits from Manual Underwriting?

Self-Employed Borrowers – Ideal for individuals with complex or non-traditional income documentation.
Credit Challenges – Flexible for borrowers with limited credit history or past credit issues.
Unique Financial Situations – Great for applicants who do not fit into conventional guidelines but can demonstrate the ability to repay.
Non-QM and Alternative Loans – Expands approval opportunities where automated systems fall short.

Key Features of Manual Underwriting Loans

Consideration of compensating factors such as savings, rental history, and stable employment.
Greater flexibility compared to standard agency underwriting.
Available for both purchase and refinance transactions.
Suitable for investors, first-time homebuyers, and borrowers seeking non-traditional options.
Conforming, Jumbo Conforming, FHA loan programs
Full and Lite Doc income documentation programs
Up to 64.9% Debt to Income ratio Available
1 day off MLS, cash out OK
Non warrantable condos ok

Why Choose a Broker for Manual Underwriting?

Working with a mortgage broker gives you access to multiple lenders who specialize in manual underwriting programs. We help present your financial profile in the best way possible, increasing the chance of approval with competitive terms.

Submit your application for 48-hour approvals!

Ok to double app and close/fund before the other lender has your approval!

Available in the Following States:

Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Nevada, New Jersey, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Virginia, and Washington

Investor Mortgage Program

04/10/2014 10/29/2026

Real Estate Investor Mortgage Program

Our Investor Mortgage Program is designed to meet the financing needs of real estate professionals, property managers, and individual investors seeking strategic solutions for their portfolios. Whether you are purchasing single-family rentals, acquiring multi-unit residences, or refinancing mixed-use properties, this program delivers a balance of flexibility, competitive pricing, and professional underwriting expertise.

We provide financing for properties held in LLCs, partnerships, or individual ownership, with structures tailored to suit diverse goals. Options include Debt Service Coverage Ratio (DSCR) underwriting, bank-statement alternatives, and loan amounts that extend into jumbo territory for qualifying assets. Our programs also support both short-term and long-term investment strategies, with a focus on maintaining healthy cash flow and maximizing return on equity.

Borrowers benefit from favorable credit parameters, clear reserve requirements, and streamlined documentation. Our team works closely with investors to craft solutions that account for property performance, rental income, and market conditions, allowing you to expand or stabilize your holdings with confidence.

Whether you are growing a portfolio, consolidating existing debt, or repositioning assets, our Investor Mortgage Program offers the structure and expertise needed to support your objectives across multiple markets.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

California Hard Money 30-Million

04/10/2014 09/03/2026

Super Jumbo Hard Money Loan Program

1st, 2nd, and 3rd Stand-Alone Mortgage | Forms 4506-T and 4506-C Not Required

LTV – 70% to 75% depending on property location and property condition

Eligible Occupancies:

* Owner-Occupied (Business Purpose)

* Non-Owner Occupied

Eligible Property Types:

* Residential (SFR, 2-unit, 4-unit) & Commercial properties

Term – Short Term Bridge or longer-term loans No Prepayment Penalties

Credit Score – No FICO Minimums, No Tax Returns Required, and, in some cases, No Appraisal Required

Real Estate Investors – Multiple Properties Owned OK, use as Cross Collateral

This program is available in the following California counties: Sacramento CA, San Francisco CA, Los Angeles CA, San Diego CA, Orange CA, San Jose CA, and Marin CA.

Jumbo Private Hard Money Program

04/10/2014 09/03/2026

Hard Money Loan Program

All Property Types (Except Land & Manufactured Homes)

1st Trust Deeds Available and 2nd Trust Deed HELOC’s from $250,000 – $10,000,000

Guideline Highlights

Bridge Loans

Current NOD / NOS = OK

Current Bankruptcy = OK

Mortgage Lates = OK

Low Fico Scores = OK

Quick Funding

Just Funded: $980,000 1st TD, $1,100,000 1st TD, $700,000 1st TD, $150,000 2nd HELOC, $250,000 2nd HELOC, $185,000 2nd HELOC, $145,000 2nd HELOC, $300,000 HELOC

Available in the following states:

Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Oregon, Texas, and Washington.

2nd Mortgage Program to $350,000

04/09/2014 03/17/2026

Jumbo Second Mortgage | Alt Doc +

Minimum Mortgage Credit Score: 680

Available Terms – 15- or 20 Year Fixed Rate Second Mortgages. Available for Refinance or Purchase

HELOCs available on Refinances (except Texas)

Loan Amounts:

Maximum Loan Amount $350,000

Minimum Loan Amount $200,000

$100,000 Minimum Loan Amount on HELOCs

Stand Alone or Combo (1st and 2nd) Loan Packages Available

Property Types: Single Family Residence, 1-2 Units, Condos (<4 stories)

Occupancy: Owner Occupied. Non-Owner-Occupied

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin.

Bridge and Hard Money Loans

04/09/2014 09/03/2026

A lender committed to providing gap financing solutions

1st and 2nd Loan Packages

Cross collateralization for larger loan sizes

Fast underwriting decisions and funding

Additional information coming soon

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Mississippi, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Jumbo Cash-Out Refinance Loan – DTI Up to 55%

04/09/2014 08/28/2026

This Jumbo Cash-Out Refinance Loan provides financing for homeowners who need to access substantial home equity while qualifying with a higher debt-to-income ratio.

The program allows DTI ratios up to 55%, loan amounts up to $3,000,000, and cash-out proceeds up to $1,500,000, subject to credit score, loan-to-value, occupancy, property type, and underwriting requirements.

Purchase financing is also available under the same jumbo program.

Jumbo Cash-Out Refinance Program Highlights

Key features include:

Cash-out refinance proceeds up to $1,500,000
Maximum loan amount up to $3,000,000
Debt-to-income ratio up to 55%
Credit scores starting at 620 (reduce LTV 10%)
Purchase financing up to 85% LTV
Cash-out refinance up to 80% LTV
Fixed-rate and adjustable-rate mortgage options
Interest-only options available
No mortgage insurance
Owner-occupied, second home, and investment property options

Maximum financing varies based on credit score, loan amount, occupancy, property type, and transaction type.

Jumbo Loan Credit Score, LTV and Loan Amount Matrix

The following tiers illustrate available financing based on qualifying credit score, maximum LTV, and loan amount.

Credit Score	Loan-to-Value	Loan Amount
620	75% LTV	$1,000,000
640	70% LTV	$1,500,000
660	65% LTV	$2,000,000
680	80% LTV	$2,000,000
700	80% LTV	$2,500,000
720	85% LTV	$3,000,000

Additional 680 Credit Score Jumbo Tiers

Credit Score	Loan-to-Value	Loan Amount
680	75% LTV	$1,000,000
680	75% LTV	$1,500,000
680	70% LTV	$2,000,000

Additional 720 Credit Score Jumbo Tiers

Credit Score	Loan-to-Value	Loan Amount
720	85% LTV	$1,000,000
720	80% LTV	$1,500,000
720	75% LTV	$2,000,000

The applicable LTV may be lower for cash-out refinances, investment properties, certain condominiums, and higher loan amounts.

Purchase and Cash-Out Refinance Options

This jumbo mortgage program is available for both purchase and cash-out refinance transactions.

Jumbo Purchase Financing

Purchase transactions may be available up to:

85% LTV
Loan amounts up to $3,000,000
Owner-occupied, second home, and eligible investment property financing

Actual maximum LTV depends on credit score and loan amount.

Jumbo Cash-Out Refinance

Cash-out refinance transactions may be available up to:

80% LTV
Up to $1,500,000 in cash-out proceeds
DTI up to 55%
Loan amounts up to $3,000,000

Cash-out proceeds, maximum LTV, and loan amount are subject to the applicable underwriting tier.

Jumbo Loan DTI Up to 55%

One of the primary features of this program is the ability to qualify with a debt-to-income ratio of up to 55%.

This may provide additional flexibility for borrowers with substantial qualifying income but higher monthly obligations who do not meet the lower DTI limits associated with many conventional and traditional jumbo mortgage programs.

Approval at the higher DTI level is subject to the borrower’s overall credit profile and underwriting requirements.

Eligible Property Types

Eligible property types include:

Single-family residences
Condominiums

Condominium LTV Adjustment

Condominiums located in buildings with more than four stories may require a 5% reduction in maximum LTV.

Eligible Occupancies

The program may be used for:

Owner-occupied primary residences
Second homes
Investment properties

Maximum LTV may vary by occupancy type.

Available Jumbo Loan Terms

Available mortgage structures include:

Fixed-rate mortgages
Adjustable-rate mortgages (ARMs)
Interest-only options

The specific term and interest-only structure available will depend on the borrower, property, loan amount, and underwriting tier.

Additional Jumbo Cash-Out Program Features

Additional program highlights include:

No cash-out pricing adjustment to the interest rate or lender fee under applicable program guidelines
MLS seasoning may be acceptable
No pricing adjustment for electing to waive impounds when permitted
Credit decisions may be available in less than 24 hours
Expedited closing options may be available
No private mortgage insurance

Turnaround times and pricing are subject to lender capacity, file completeness, appraisal requirements, and final underwriting.

States Where the Jumbo Program Is Available

This Jumbo Cash-Out Refinance Loan Program is available in all states except New York and Massachusetts.