Non-QM Mortgage Broker | Self-Employed Home Loans
Alternative Bank Statement Income
Bank statement lenders apply varying underwriting guidelines for expense percentage ratios, also referred to as an expense rate. This percentage represents the business expenses and functions similarly to calculating net income.
Qualify for mortgages using bank statements instead of traditional income verification. Ideal for self-employed borrowers.
Non-Qualified Mortgage Broker
Specialized in Non-QM loans for unique financial profiles, offering customized mortgage solutions.
What is a No Doc Loan?
A No Doc Loan is a financing option that does not require the borrower to provide traditional income verification documents. This includes no need for personal or business tax returns, and no submission of IRS forms 4506-T or 4506-C.
Other alternative doc Types: Reduced Doc, and Lite Doc Options Available
-1099 Only | (no p&l, tax returns, schedules, .. )
-Investor Cash Flow DSCR – 90% LTV to $4,000,000
-Investor Cash Flow DSCR | 90% LTV to $4,000,000
-Asset Qualifier | Qualifiable liquid assets / 36 months income
-Asset Distribution | Supplemental Income
Business or Personal account OK Including Commingled accounts; Multiple Bank Accounts -OK
Guideline Highlights:
** No Tax Returns
** No Business Tax Returns Not Required
** Personal Tax Returns Not Required
** 4506-T and 4506-C Form Not Required
Numerous Ways to Calculate Bank Statement Income
Flexible Self-Employed Stated Expense Ratios down to 20%
Super Jumbo Loan Amounts to $4,000,000
** Maximum Cash Out $750,000. Use Cash Out for Reserves
* Maximum DTI 50%. Exceptions made to 55% DTI.
* Maximum LTV 90%
* Minimum Credit Score 600
* Eligible Occupancies:
* Primary
* Owner Occupied
* Second Home
* Non-Owner-Occupied
* Multi-Unit Investment
Eligible Title Vesting Options:
C and S Corps, LLC’s, Partnerships
Eligible Property Types:
SFR, Townhome, 1-2 Units, 2-4 Units, Condos, and Non-Warrantable Condos
Available Terms: 5/1 ARM, 7/1 ARM, 10/1 ARM, 30 Year Fixed with Interest Only
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.