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Non-QM Low Doc Jumbo

Non-Qualified Mortgage Jumbo Programs

This Non-QM mortgage product is from a Portfolio lender and is unique unseasoned employment and super jumbo loan amounts.

Non-QM Income Documentation for Self-Employed Borrowers and W2 Commission Employee

Asset Utilization and Cash-Flow such as bank statements and investments (including unseasoned distribution account/agreement monthly income) Program – Creative Financing. This unique loan program is designed for borrowers who fall just outside prime jumbo.

Two Documentation Categorical Bank Statement Options

Twenty-Four Months Business Bank Account with or without Asset Depletion (asset utilization) or,

Twelve Months Personal Bank Account with or without Asset Depletion (asset utilization)

Six Months Person or Business Bank Statements

Low Doc Income and Employment History

One Year W-2 and/or 1-Year Tax Return (stand-alone or in conjunction) with YTD Profit & Loss (P&L) – Borrower Prepared and unaudited.

Bank Statements and Low Doc Programs are for Self-Employed Borrowers Only. Co-Borrower W-2 Employee OK for Low Doc – 1 Year W-2 in Lieu of the Traditional 2-Year Requirement

Max Debt-to-Income Ratio: (DTI) 50% Based on and/or (stand-alone or in conjunction) Liquid Assets, Cash-Flow and Real Estate Portfolio equity.

Loan Purpose / Percentage of Financing

Purchase – 10% Down Payment

Refinance – 90% LTV

Cash Out Refinance – 85% LTV

Credit Notes & Highlights

Minimum Mortgage Credit Score: 660 (middle score)

Two Years Seasoning Required on Bankruptcy, Foreclosure, and Modification

Maximum Jumbo Loan Amount – $6,000,000

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Reference – 1245587

Alternative Income Documentation

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Non-Qualified Mortgage Lending

Hard Money Loans

Investor Loans

Investment Property Loans