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Purchase, Refinance. Cash Out Yes 80% LTV

Non-Prime 3-Month Bank Statement Mortgage Loan Program

3-Months Bank Statements (business, personal or both (multiple accounts OK) accounts if income deposit activity can be identified and makes sense. If there’s income deposit activity, provide statements from that account. Include Asset Based Income Doc Option

Four Easy Income Doc Options:

1. Bank Statements:

  • Three Months (most recent all pages) Bank Statements
    • Personal Bank/ DBA Account(s) Only

2. P&L Statement Only:

  • One Year P&L Statement
    • Borrower prepared and unaudited
      • + 2 Months Business Bank Statements – Lite Doc

3. Written Verification of Employment | WVEO:

  • Two Year History

4. Asset Depletion

  • liquid asset accounts can be a separate source of income calc: Total liquids assets / 5 months-9 months Stated on the 1003

3 Months Bank Statements Income Doc Type

Non-Prime Alt Doc loans offer flexible options for borrowers with unique income verification needs. Choice options allowing you to utilize only 3 months of bank statements.

Written Verification of Employment (WVOE), or a Borrower Prepared, “and unaudited” P&L Only Statement (with two months business bank statements to support.

Self-Employed Mortgage Product & Service ~

Secure up to $4,000,000 with a 680+ FICO, or $3,000,000 with a 660+ FICO, or $2,500,000 with a 640+ FICO, OR 1,500,000 with a 620+ FICO. Additionally, cash-out OK up to 80% LTV/CLTV is available for those with a 660 credit score, making Non-Prime Alt Doc loans good sense for self-employed homeowners and/ or Real Estate Investor’s

Loan Amount / LTV Purpose/ Middle Credit Score/ ~

  • $4,000,000/ 80% LTV Purchase/ 75% LTV Cash Out OK/ 700+ FICO
  • $3,000,000/ 75% LTV Purchase/ 70% LTV Cash Out OK/ 680+ FICO
  • $2,500,000/ 70% LTV Purchase/ 65% LTV Cash Out OK/ 660+ FICO
  • $2,000,000/ 65% LTV Purchase/ 60% LTV Cash Out OK/ 640+ FICO
  • $1,500,000/ 60% LTV Purchase/ 55% LTV Cash Out OK/ 620+ FICO

Eligible Property Types: ~

  • SFR/ PUD, 1-4 Units Residential

Eligible Occupancy Types: ~

Eligible Borrower Types: ~

  • American Citizen
  • Foreign National
  • Permanent Resident Alien
  • Non-Permanent Resident Alien

~ Available Terms – 7/6 ARM, and 7/1 ARM. 30-Year Am. and I/O | Interest-Only

Available in the Following 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.

177_06282024-1992

FICO/ LTV/CLTV

P&L or WVOE