Bank Statement Non-Prime Loan Program

Non-Prime Mortgage Lender Programs and Highlights

Non-Prime - Alt Doc (Form 4506-C Not Required) and Full Doc (Form 4506-C is Required)

  • 580 Middle Credit Score
    • Credit Score Model 2, 4 or 5
  • 90% LTV up to
  • $1,000,000 Maximum Loan Amount
  • One Day After Foreclosure Finalization Date

Non-Prime Lite Doc Programs

  • 1 Year Documentation History or Less | Form 4506-T - Not Required

    • 2 Months Bank Statements: 620 Middle Credit Score (model 2, 4 or 5) - 90% LTV up to $3,000,000 Maximum Loan Amount
    • One Year Tax Return: 620 Middle Credit Score (model 2, 4 or 5) - 90% LTV up to $3,000,000 Maximum Loan Amount
    • WVOE (written verification of employment): 640 Middle Credit Score (model 2, 4 or 5) - 85% LTV up to $4,000,000 Maximum Loan Amount 

Non-Prime Alternative Doc Programs

  • 2 Year Documentation History | Form 4506-T - Not Required

    • 24 Months Bank Statements: 600 Middle Credit Score (model 2, 4 or 5) - 90% LTV to $3,500,000 Maximum Loan Amount 

Non-Prime No Doc Programs

  • Investment Property Programs

    • DSCR (debt service coverage ratio): 620 Middle Credit Score (model 2, 4 or 5) - 85%% LTV (rate and term) and 80% LTV (cash out refinance) up to $5,000,000 Maximum Loan Amount
    • Foreign National Investors: Any Credit Score/Credit Score Not Required - 80% LTV to $3,500,000 Maximum Loan Amount | Tax Returns Not Required 

Non-Prime No Doc (No Ratio) Programs

  • No Income Documentation

    • Purchase or Refinance with Cash Out: 740 Middle Credit Score (model 2, 4 or 5) - 70% LTV to $2,500,000 Maximum Loan Amount | Owner Occupied/ Primary Residence
    • Foreign National: 600 Middle Credit Score (model 2, 4 or 5) - 90% LTV to $3,500,000 Maximum Loan Amount | No Tax Returns Not Required | Form No 4506-T Not Required

 

 

  Loan Scenario Form - Credit Check Not Required   

 

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington