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