Bank Statement Non-Prime Loan Program
With varying documentation requirements and LTV ratios, borrowers can access up to $5,000,000 in maximum loan amounts across different property types, including investment properties and owner-occupied residences.
Non-Prime- 580 Credit Score
With credit scores as low as 580, our programs offer accessibility and flexibility. Our Non-Prime Mortgage Lender Programs feature Alt Doc and Full Doc options, catering to credit scores starting at 580.
Non-Prime Mortgage Form 4506-C – Not Required
Offer programs tailored to meet the unique needs of borrowers across the credit spectrum are available. As a s/e borrower, don’t expect to be asked to sign a 4506-c form because they’re not required; for any Non-QM loan we offer.
Non-Prime Lite Doc Programs
For streamlined documentation, explore our Non-Prime Lite Doc Programs, requiring minimal documentation history. Benefit from options such as 2-month bank statements or one-year tax returns, with credit score requirements starting at 620.
No Tax Returns Not Required
Non-Prime Mortgage Lender Program Highlights
- WVOE (written verification of employment):
- One Year After Foreclosure Finalization Date
- 580 Middle Credit Score
- Credit Score Model 2, 4 or 5
- 90% LTV up to Maximum Loan Amount – $4,000,000
- 2 Months Bank Statements:
- ~~ 640 Middle Credit Score (model 2, 4 or 5)
- 90% LTV
- $3,000,000
- $5,000,000 70% LTV
One Year Tax Return:
- ~~ 620 Middle Credit Score (model 2, 4 or 5)
- 90% LTV
- $3,000,000
- ~~640 Middle Credit Score (model 2, 4 or 5)
- 85% LTV
- $4,000,000
- 2 Year Documentation History | Form 4506-T – Not Required
- 24 Months Bank Statements:
- ~~ 600 Middle Credit Score (model 2, 4 or 5)
- 90% LTV
- $3,500,000 Maximum Loan Amount
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
- Tax Returns Not Required
- Non-Prime No Doc (No Ratio) Programs
Purchase or Refinance with Cash Out: 740 Middle Credit Score (model 2, 4 or 5) – 70% LTV to $2,500,000
Foreign National: 600 Middle Credit Score (model 2, 4 or 5)
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kentucky, Maine, Maryland, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.
Last Updated on 20 hours ago by Broker Mortgages