Asset Depletion Income Program to 85% LTV and 75% LTV on Investment / Non-Owner-Occupied

Maximum Loan Amount: $2,000,000 on Primary / Owner-Occupied

For Reserve Requirement, Restricted Stock Income - OK

Income Documentation:

  • Departing Residence Rental Income - Yes

  • Projected Rental Income on Investment Property Loans - OK. NOO (60% max LTV on NOO)

  • Rental Income - We Can Utilize Your Most Recent Year of Rental Income on Schedule E instead of 24-Month History

  • Rental Income – Properties Not Showing on the 1040s, Allowed Case by Case with Proof of Lease and Canceled Checks

Less Than 2 Year Company History Self-Employed Allowed case by case (80% 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 Years Tax Returns

 

States:


Alabama | Arizona | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Illinois | Nevada | New Jersey | North Carolina | Oregon | South Carolina | Tennessee | Texas | Utah | Vermont | Virginia | Washington | Wisconsin