Non-Prime – No Income and No Employment
If you’re seeking the right Non-Prime No-Income/No-Employment program requiring minimal documentation.
With no verification of income or employment required, this option is well-suited for investors, and borrowers with or without complex financial profiles who may not fit traditional underwriting standards. The structure focuses on equity, and property stability rather than conventional income metrics, allowing borrowers to secure financing with significantly reduced friction.
This program also supports exceptionally high loan amounts, offering up to 85% LTV and $6 million loan amount, with Super Jumbo solutions extending to $20 million. Liquid assets and reserves are not required, and qualifying alternatives, such as bank statement income options are available up to 85% LTV for borrowers who prefer an additional pathway to approval. Together, these features deliver a true non-traditional lending solution built for borrowers who need both discretion and high-capacity financing
Following are a few underwriting guideline highlights:
- Verification of employment and Income – Not Verified
- Liquid Assets & Reserves – Not Required
- 85% LTV Jumbo Financing $6,000,000
- Super Jumbo Options – $20,000,000 Loan Amounts
- Bank Statement Income Option Available to 85% LTV Financing
Favorable Terms, Pricing and Approval Conditions – Asset Depletion – liquid asset statements can almost always be utilized in conjunction for more favorable terms, conditions, and pricing – interest rates, points (0-point options too), etc.
Major Derogatory Credit “credit event” Seasoning Requirements:
- Bankruptcy – 3 years
- Bankruptcy/Foreclosure – 2 years (if not included in a bankruptcy)
- Short Sale – 2 Years
- Debt Ratio Very Flexible to 61% DTI
- Prepayment Penalties Available or More Favorable Rate and/or Pricing
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Mexico, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.