For example, we offer 1-Year Tax Return Low Doc and 1-Year W-2 Reduced Doc options for self-employed borrowers. These programs use one year of income documentation and can allow up to 80% LTV, creating a simpler path to qualification.
For borrowers and investors, select programs may allow you to keep title vesting in an existing LLC (and in certain trust structures).
Underwriter guidelines may also support cross-collateralization and bridge financing in eligible scenarios.
Our portfolio super jumbo program can offer unlimited cash-out with loan amounts up to $5,000,000, and no title seasoning requirement in eligible cases. Cash-out proceeds may also be considered for reserves and/or used in asset depletion calculations, depending on underwriting.
These kinds of programs can allow non-occupant co-borrower income to support debt ratio qualification for:
* Purchase
* Rate/term refinances
* Cash-out refinances
Including second homes and certain multi-unit scenarios. This can improve qualification by using blended income and liabilities.
In eligible cases, one DTI strategy is to exclude:
* A departing primary residence housing expense (even if not yet in contract), and/or
* Alimony or child support
This can reduce calculated DTI and improve approval odds, subject to program rules.
Pledged Asset Lending (also called securities-based lending) uses an investment portfolio—such as stocks, bonds, or mutual funds as collateral.
It can provide liquidity without selling investments, and may offer competitive terms compared to unsecured borrowing.
While conventional loan programs are ideal for some borrowers with standard wage earner income and credit profiles. Conventional lenders also have out-of-the-box mortgage solutions mixed in with some unique guideline variances, We are also experts in conventional lending, lenders, loan programs, as well.
Some programs allow RSUs, stock options, and stock grants to be used for liquid reserve requirements. In certain cases, vested stock may be counted as an asset and/or used for qualifying.
Conventional loans work well for many borrowers with straightforward wage income and strong credit. We also handle conventional financing, including lender-specific guideline flexibilities, while offering alternative solutions when conventional requirements are too restrictive.
Contact a Loan Officer