1 Year Tax Return Program
Reduced doc loan program is for both W2 Wage Earner and Self-Employed borrowers. 1099 Only Programs also Available
Income Documentation - One Year Full Doc Tax Return
- One Year business and personal tax return with all schedules
- Profit and Loss Statement or balance sheet starting month after previous year tax return (file extensions OK case by case). Income to be stable or growing
- Distribution Income OK
- Rental Income OK without Schedule E
- Trust Income OK
- Bank Statement Income Documentation Options Available | Form 4506-T Not Required
Verification of Employment - Self-Employed Borrowers
- CPA Letter- Provided by any Tax Professional or equivalent such as a Certified Public Account (CPA), Enrolled Agent (EA) containing the following criteria:
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- Percentage of Ownership
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- Regulatory status
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- 2+ year history
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- Business name and physical address
Underwriter Notes
- Loan Amounts - $4,000,000
- LTV - 85%
- Credit Score(s) - 620
- Reserves - 3 Months
- Occupancies - 75% LTV max on Investment Properties
- Property Types - SFR, 2 Unit, 4 Unit, Condo
- DTI 50%
- Gift of Equity - OK
Available Terms
- 15, 30, and 40-Year Fixed
- 3, 5, 7 and 10 Year ARMs
- Interest-Only Available on 40-Year Term
| Loan Scenario Form - Credit Check Not Required |
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin