Stated Income / Verified Assets
Minimum Credit Score - 660
Maximum Financing 70% LTV
IRS Forms 4506-T and 4506-C Not Required
Occupancies:
Primary / Owner-Occupied
Second / Vacation Home
Investment property / Non Owner Occupied
This lender offers 3 alternative income documentation programs:
Full Doc:
For Self/Employed and W-2 wage earners
Bank Statements:
- For Self/Employed and W-2 Wage Earner Co-Borrowers
Gross Sales for Investment properties
- For Self/Employed - Gross Income amount utilized to calculate debt ratios
Terms Available:
ARM 30 year amortized
Property Type:
SFR
Condos <4 stories
Townhomes
2-4 Units
File will need to document Ability to Repay depending on total loan scenario
Loan Amounts:
Maximum loan amount - $500,000
Senior Underwriter approval to $800,000
Fix and Flip - OK
Cross Collateral OK
States;
Arizona, California, Colorado, Florida, Georgia, Idaho, North Carolina, Oregon, Texas, Utah, Virginia, Washington
Reference - 124 526020315