Self-Employed Borrowers Purchase / Rate & Term Refinance - 90% LTV | Cash Out - 85% LTV

Super Jumbo Loan Amounts

  • $5,000,000 Maximum
  • $2,000,000 Cash Out

Credit Scores and LTV's

  • 620 Score - 75% LTV
  • 640 Score - 80% LTV
  • 660 Score - 85% LTV
  • 680 Score - 90% LTV

Employment Types

  • Self Employed - One Year
  • 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

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