Income Documentation - None | No Ratio

Reserves - 6 Months (not including Cash Out Refinance)

This Alt Doc loan program is for buyers that have extraordinary or unconventional income and documentation including self-employed borrowers and fixed income along with previous credit challenges due to inconsistent employment, foreclosure, bankruptcy, short sale, divorce, and or health issues. This loan program is specifically designed to bridge the gap and resolve the problem that prevents good borrowers from obtaining mortgage credit. Manual underwriting through intelligent guidelines brings forth opportunity of home ownership to borrowers of all kinds

Minimum Mortgage Credit Score - 620

Loan Purpose

  • Purchase
  • Rate/Term Refinance
  • Cash Out Refinance

LTV's

  • 75% Maximum for Purchase and Rate and Term
  • Cash Out to 70% LTV

Occupancies

  • Owner-Occupied
  • Vacation Homes

Available Terms

  • ARM's - 3 Year, 5 Year
  • Fixed - 15 Year, 20 Year, and 30 Year
  • Interest-Only Available
  • Gift Funds - OK
  • Non-Occupant Co-Borrower - OK

 

 

Loan Scenario Form - Credit Check Not Required

 

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin