Asset Depletion Income Program
85% LTV on Primary / Owner-Occupied
70% LTV on Investment / Non-Owner-Occupied
Restricted Stock Income - OK
- Departing residence rental income - OK
- Projected rental income on Investment Property loans - OK. NOO (60% max LTV on NOO).
- Rental income - we can use your most recent year of rental income on Schedule E instead of 24-month history.
- Rental income – properties not showing on 1040s, allowed case by case with proof of lease and canceled checks.
Less than 2 year company history self-employed allowed case by case (65% or less LTV on primary). Most prevalent loan scenario/funded example has been when the borrower goes from W2 to 1099 and does not have a full 2 year of tax returns.