True No Doc Home Loan
EXCERPT FROM CONTENT EDIT True No Doc Home Loan
05/26/2015
11/28/2024
A Wealth of Information & Service | (800) 718-8906
EXCERPT FROM CONTENT EDIT True No Doc Home Loan
Niche Multiple Bank Account Statement Mortgage Business and Personal Bank Accounts If it is your bank statements that are holding you back from an approval, this could be the solution loan program for you. “Borrower
6 Months Bank Statements – 660 Minimum Mortgage Credit Score Personal or Business account statements can be used with any qualified assets with a credit score of 660 to a
Real Estate Investor Loan Program Designed for real estate investors, this Bank Statement loan can qualify investor income and self-employment income in different or multiple accounts. Rental income instead of
Primary Borrower – Self-Employed Home Loan 222 Bank Statement Loans are ideal for self-employed borrowers, defined as those with at least 25% ownership in a company. Alt Doc (24 months) – Bank Statement Program 222 These programs focus on bank
Foreign Nationals are buying properties now more than ever which means good & effective Buying Power for the foreign national and also more and more experience for us with the Foreign National mortgage loan programs. Purpose: Purchase, Cash Out Refinance
1 Year Full Doc (Lite Doc) Program – Lite Income and Reduced Employment Reduced doc loan program is for both W2 Wage Earner and Self-Employed borrowers. 1099 Only loan programs are also available. All Lite Doc and Reduced Doc Loans
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
12 or 24 Months Business or Personal Bank Statements More and more Self-Employed Americans are finding it much easier to obtain reasonable mortgage financing. Without the alternative income documentation programs, we offer to Self-Employed borrowers, it would be very difficult
One-Year Lite Income Documentation | W2 Wage Earner Co-Borrower OK 620 Minimum Middle Credit Score – 75% LTV * Purpose: Purchase / Rate & Term | 85% LTV – 680 Credit Score* Cash-Out Refinance | 80% LTV – 640 Credit
Bank Statement and Asset Depletion Non-QM loan program uses bank statements In lieu of Traditional Income Documentation to determine a borrower’s Ability-to-Repay. Agency – government regulated. Non-QM is manually underwritten per investor guidelines as well as underwriter discretion. Non-QM Income
Alt-Doc Mortgage Program | Forms 4506-T and 4506-C Not Required ** 90% LTV (loan-to-value) Financing ** $1,500,000 – Maximum Loan Amount: ** $3,500,000 – Maximum Loan Amount: ** 6 Month Reserve Requirement for primary residence + 3months for Each additional
Second Mortgage Bank Statement Loan Loan Purpose: Purpose: Second Mortgage/ Cash Out/ Debt Consolidation (cash out can be used to meet reserve requirement) Alternative Self-Employed Income Documentation: * 12 Months Personal Account Bank Statements * 24 Months Business Account Bank
Bank Statement Second Mortgage Loan Program A Stand-Alone Second Mortgage, also known as a second lien mortgage, allows borrowers to access home equity while keeping their existing first mortgage and low interest rate. This program is available for primary residences,
Non-Prime Mortgage Lender Programs and Highlights Independent contractor mortgage borrowers can now use their 1099 forms to qualify as additional income, demonstrating their ability to repay. This is particularly beneficial for sole proprietors seeking mortgage approval. By including 1099 income,
Asset Depletion Income Program to 90% LTV Our asset depletion programs can also qualify your business as well as your personal bank (100% gross deposits) accounts on either a 6-month, 12-month, or 24-month bank statement programs. Mortgage Asset-based Service We
Bank Statement Mortgage – Wage Earner Jumbo and Super Jumbo Alt Doc Mortgage Purpose: Purchase, Rate/Term and Cash Out Lite Doc – W2 Wage Earner Wage Earner Income Documentation – Lite Doc * One (1) Year Employment Verification * Previous
Qualifying Criteria for this loan program are Asset Based. This program can also be used to supplement additional alt doc programs such as Bank Statements and/or 1099’s. Form 4506-T Not Required, and Form 4506-C Not Required This loan program is
12 Month Bridge Program Lending Partner with the Flexibility to Deliver Results 12 Month Bridge Loan allows Borrowers Access to the Equity in their Property Before it is Sold. Occupancies: Primary Residence, Second Homes, and Investment Properties Property Types: SFR
3 Month Bank Statement Loan Program – 2024 Our flexible loan options cater to those who have had an exceptional last 3 months. Instead of the standard 12 or 24 months, providing 3 months of bank statements can be more
P&L Only Mortgage Loan Program The 12-Month P&L Only Loan Program offers a streamlined alternative documentation solution for borrowers with complex tax returns. Use profit and loss statements prepared by a CPA, CTEC, attorney, or EA to verify income, eliminating
Self-Employed Home Loan 600 Credit Score Self-employed borrowers can qualify for an extensive line of alt doc home loans. 12 Months Bank Statements – 90% LTV – 680 Credit Score With only one year of employment verification and 12 months