Reduced Doc Qualify 1 Year Tax Returns to Qualify; Asset Depletion/Asset Amortization/Asset Based to Supplement; 

Cash Out - $2,000,000 Cash in Hand - 85% LT V

Reduced Income Documents:

  • Lite Doc - One Year W2 
    • Previous Year W2 30 Days Paycheck Stubs including YTD
    • 30 Days Paycheck Stubs Including YTD
    • 4506-T Required
      • One Year Personal Tax Transcripts
  • Lite Doc - One Year Self-Employed Lite Doc:

    • One Year Tax Returns
    • Previous Year Business and Personal Returns, All Schedules Including K1 / 1065
    • Taxes Filed and Current with Extension
    • 2-Year Business Seasoning required
    • PNL - Previous Year through the most recent month
      • Only the Businesses we're using for Qualification

Wage Earner Verification of Employment

  • Written Verification of Employment / WVOE
    • Signed by the Owner, Officer of the company or Direct Supervisor
  • Verbal Verification of Employment / VVOE:
    • Phone Number for the Human Resource Department
    • Small Business?; Direct Supervisor Phone Number

Self-Employment Verification of Employment

  • Evidence of >2-Years Self-Employment The means to that end are as follows:
    • Tax Professional such as a CPA, EA, Professional Book Keeper
    • Verifiy Phone Number and Business Address via Third Party resource, Manta, etc.

Terms:

  • 30 Year Fixed Rate, 5/1, 7/1, 10/1 ARMS's
    • 10-Year Interest Only
    • 20 Year Amortization
  • 40 Year Fixed Rate, 5/1, 7/1, 10/1 ARMS's
    • 10-Year Interest Only
    • 30 Year Amortization

Unlimited Financed Properties - 

Credit:

  • 620 Minimum Credit Score - Up to a 55% Debt-to-Income Ratio (DTI)
  • Seasoning for Major Derogatory Credit Requires Only 2 Years Seasoning
  • Housing Payment History 1 30-Day Mortgage or Rent
  • With a 620 can go up to 55% Debt to Income Ratio

States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.