Unconventional Mortgages (800) 718-8906

Unconventional Mortgages and Loans

(800) 718-8906

Unconventional Mortgages - A Wealth of Information Resource & Service: (800) 718-8906

Search

Bank Statement Super Jumbo Loan

Non-Prime Super Jumbo Bank Statement Loan – 600 Credit Score

Personal or Business Bank Account Statements (comingle OK)

Forms 4506-T and 4506-C Not Required

Alternative Income and Verification of Employment Documentation Options: 24 Consecutive Months. For this program, Underwriter will utilize 100% of Personal Bank Statement deposits and as much as 90% (Expense Factor) of Business Bank Statement deposits along with:

** “Borrower Prepared and Unaudited Profit and Loss” or an expense Letter from CPA or Tax Preparer Professional

Self-Employed Alternatives

* Bank Statements

* Borrower Prepared P&L

* Tax Returns Not Required

* Form 4506-T Not Required

* Form 4506-C Not Required

Jumbo Maximum Loan Amount – $10,000,000

* Flexible Debt-to-Income Ratios – 55%

* Full Doc for Salary Employee – W-2’s and 30 Days Paycheck Stubs

* Full Doc for Commission Professional – 2 years 1040’s and Profit and Loss Statement

* Liquid Assets Not Required

* No Mortgage Lates

No Liquid reserve requirement – $0

Consult a Mortgage Professional to be properly pre-qualified:

Mortgage Pre-Qualification – Without a Credit Check

Purchase Loans | Loan-to-Value (LTV) – Credit Score:

* 90% LTV – 680 Middle Credit Score

* 85% LTV – 660 Middle Credit Score

* 80% LTV – 640 Middle Credit Score

* 75% LTV – 620 Middle Credit Score

* 65% LTV – 600 Middle Credit Score

Cash Out Refinance | LTV – Credit Score:

* 75% LTV – 680 Middle Credit Score

* 75% LTV – 660 Middle Credit Score

* 75% LTV – 640 Middle Credit Score

* 70% LTV – 620 Middle Credit Score

* 65% LTV – 600 Middle Credit Score

Major Derogatory Credit Seasoning Requirements:

* Bankruptcy – 2 Years Seasoned

* Foreclosure – 2 Years Seasoned

Property Types:

* Single Family Residence (SFR)

* Condo

* Non-Warrantable Condos

* Townhouse

* 2-4 Unit

* Condotels Case-Specific

Eligible Occupancy Types:

* Owner-Occupied

* Non-Owner-Occupied

* Second Home

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Hard Money Loans

Investor Loans

Investment Property Loans