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90% LTV – $1,500,000 – 4 Months Reserves

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 ScoreLoan AmountPurchase & R/T RefinanceCash Out RefinanceMonths Reserves
700$1,500,00090% LTV85% LTV4 Months
700$2,000,00090% LTV85% LTV6 Months
700$2,500,00085% LTV80% LTV6 Months
700$3,000,00080% LTV75% LTV9 Months
700$4,000,00075% LTV70% LTV12 Months
700$5,000,00070% LTV65% LTV18 Months
700$5,000,00065% LTV60% LTV Months
680$1,500,00085% LTV80% LTV6 Months
680$2,000,00080% LTV75% LTV6 Months
680$2,500,00075% LTV70% LTV9 Months
680$3,000,00070% LTV65% LTV9 Months
680$4,000,00065% LTV60% LTV12 Months
680$5,000,00055% LTV50% LTV18 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)
** 2-4 Units – Maximum LTV – 85%

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

Alternative Income Documentation

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