1099 Only Lite Doc Income Documentation - Portfolio Non-QM Lender Guidelines & Highlights

Bank Statement Loan | 660 Credit Score - 90% LTV to $1,500,000

  • 1-Year Income and Employment Verification Documentation, Asset Utilization

  • Form 4506-T and 4506-C is Required - One Year
  • Tax Return is Required - One Year for Lite Doc

Credit Scores

600 Minimum Score for the Primary Income Earner

580 Minimum from any Co-Borrower

Simplifying Non-QM Underwriting and process by defaulting to our core Non-QM guidelines and interpretation of the Ability to Repay rule. We can expedite and close your loan with minimal conditions and fast closing

Underwriter Niche Guidelines

  • VOR (Verification of Rent) Not Required
  • No Credit LOE's (Letter of Explanation) for previous addresses, work history, recent credit inquiries
  • Reserves not required on Primary Residence
  • No Liquid Assets Requirement for either a Rate and Term Refinances but also, Cash-Out refinance
  • No Residual Income requirements
  • Six Months Title Seasoning on Market Value Cash-Out Refinance
  • First Time Homebuyers qualify the same
  • 100% Gift Funds with 5% Borrower Contribution
  • 55% DTI (debt-to-income) Ratio
  • Cash-Out Available
  • Fixed-Rate Interest-Only Terms Available
  • Prepayment Options Available


Available in the Following States:

Alabama, California, Florida, Georgia, Hawaii, Illinois, Maryland, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Texas, Utah, Virginia, and Washington