Self-Employed Borrowers - Purchase & Rate & Term Refinance - 90% LTV and Cash Out - 85% LTV
Super Jumbo Loan Amounts
- $15,000,000 Maximum
- $12,000,000 Cash Out
Credit Scores (middle mortgage) and LTV's
- 620 Score - 75% LTV
- 640 Score - 80% LTV
- 660 Score - 85% LTV
- 680 Score - 90% LTV
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 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, Money Market Funds, Retirement "dollar amount invested", Trade Equity, Savings Bonds, peanut butter & jelly sandwiches with the crusts removed, trust accounts, sale of real estate, etc.
Eligible Business Entities
- Corporation
- LLC
- Sole Proprietor
Eligible Property Types
- SFR - Detached
- SFR - Attached
- 2-4 Units
- Condominiums
- PUD's
Eligible Occupancies
- Owner-Occupied
- Investment
- Second Home
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
Notes:
First Time Homebuyer - OK
Compensating Factor examples: Low LTV. Low DTI. equity position, credit depth and over-all seasoning
Interest-Only Available
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