Asset Depletion Jumbo Loan | Forms 4506-T and 4506-C Not Required
Income Documentation Alternative:
Asset Depletion
Self Employed and W-2 Wage Earner Co-Borrower
660 Mortgage Credit Score - 80% LTV to 2 million
640 Mortgage Credit Score - 75% LTV to 2 million
Credit Notes:
2 years seasoning required from bankruptcy discharge date
2 years seasoning required for short sales and foreclosures
Purpose:
- Purchase
- Refinance
- Cash Out Refinance - $1,500,000 Maximum Cash Out
Property Types:
- Single Family Residence SFR
Occupancies:
- Owner Occupied
- Second / Vacation Home – 80% Maximum LTV
Debt to Income ratio:
- 43% maximum DTI
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 Washington