1 Year Tax Return Program

This reduced doc loan program is for both W2 Wage Earner and Self-Employed borrowers.

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

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:
    • Percentage of Ownership
    • Regulatory status
    • 2+ year history
    • 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



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, Wisconsin