Self-Employed Home Loan $4,000,000 10% Down
Every loan is different, and not every borrower fits traditional lending guidelines.
We offer a variety of Non-QM loan programs designed to help with unique financing situations. Contact us today to discuss your options.
Loan Program Transaction Types: (credit score matrix below)
- Purchase Loan – 10% Down Payment
- Rate/Term Refinance – 90% LTV
- Cash Out Refinance – 85% LTV
Full Doc, Lite Doc and Alt Doc Income Documentation
- Full Doc (two years tax returns, W2’s, paystubs, etc.)
- Lite Doc (one year tax returns W2’s, paystubs, etc.)
- 24 Months Bank Statements
- 12 Months Bank Statements
- Two Years 1099
- One Year 1099
- P&L Only 12 Months with 3 Months Business Bank Statements
- P&L Only 24 Months with 3 Months Business Bank Statements
- P&L Only 12 Months without 3 Months Business Bank Statements
- P&L Only 24 Months without 3 Months Business Bank Statements
- Asset Depletion applies to all
Loan Program Highlights
- Loan Amounts up to $4,000,000
- Full Income and Alternative Income Options up to 90% Loan-to-Value
- Manufactured Home – OK
- First Time Homebuyers – OK
- Cash Out for Reserves – OK
- Market Value Purchase seasoning for cash out not required
- Non-Occupying Co-Borrower – OK
- Exceptions considered case-by-case
- Debt Consolidation OK (to reduce DTI)
- Rural Properties up to 20 Acres – OK
– Loan Program Matrix – Credit Score | Purpose –
Loan Amount – $200,000 to $1,500,000
| Credit Score | Purchase and R/T Refinance | Cash Out Refinance |
|---|---|---|
| 720 | 90% LTV | 80% LTV |
| 700 | 90% LTV | 80% LTV |
| 680 | 85% LTV | 75% LTV |
| 660 | 80% LTV | 75% LTV |
| 640 | 80% LTV | 70% LTV |
| 620 | 75% LTV | 70% LTV |
Loan Amount – $1,500,000 to $2,000,000
| Credit Score | Purchase and R/T Refinance | Cash Out Refinance |
|---|---|---|
| 720 | 90% LTV | 80% LTV |
| 700 | 90% LTV | 80% LTV |
| 680 | 85% LTV | 75% LTV |
| 660 | 80% LTV | 75% LTV |
| 640 | 75% LTV | 65% LTV |
| 620 | 70% LTV | 70% LTV |
Jumbo Loan Amount – $2,000,000 to $2,500,000
| Credit Score | Purchase and R/T Refinance | Cash Out Refinance |
|---|---|---|
| 740 | 85% LTV | 80% LTV |
| 720 | 85% LTV | 80% LTV |
| 700 | 85% LTV | 75% LTV |
| 680 | 80% LTV | 70% LTV |
| 660 | 75% LTV | 65% LTV |
| 640 | 75% LTV | 60% LTV |
Super Jumbo Loan Amount – $2,500,000 to $3,000,000
| Credit Score | Purchase and R/T Refinance | Cash Out Refinance |
|---|---|---|
| 740 | 80% LTV | 75% LTV |
| 720 | 80% LTV | 75% LTV |
| 700 | 80% LTV | 70% LTV |
| 680 | 75% LTV | 65% LTV |
| 660 | 70% LTV | 60% LTV |
| 640 | 75% LTV | 60% LTV |
Super Jumbo Loan Amount – $3,000,000 to $3,500,000
| Credit Score | Purchase and R/T Refinance | Cash Out Refinance |
|---|---|---|
| 760 | 80% LTV | 70% LTV |
| 740 | 80% LTV | 70% LTV |
| 720 | 75% LTV | 70% LTV |
| 700 | 75% LTV | 70% LTV |
| 680 | 70% LTV | 65% LTV |
| 660 | 65% LTV | 60% LTV |
Super Jumbo Loan Amount – $3,500,000 to $4,000,000
| Credit Score | Purchase and R/T Refinance | Cash Out Refinance |
|---|---|---|
| 720 | 70% LTV | 65% LTV |
| 700 | 70% LTV | 65% LTV |
| 680 | 65% LTV | 60% LTV |
Eligible Property Types
- Single Family Residence
- 2 Unit (reduce LTV 5%)
- 4 Unit (reduce LTV 10%)
- Warrantable Condominium (reduce LTV 10%)
- Condotel (reduce LTV 20%)
Eligible Occupancies
- Owner-Occupied
- Second Home
- Non-Owner-Occupied
Terms Available
- Eligible Borrowers
- US Citizen
- Permanent Resident Alien
- Non-Permanent Resident Alien
- FTHB OK $1,500,000 Max Loan Amount
Get Started Now: Mortgage Pre-Qualification Form – No Credit Check
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Massachusetts, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Washington, and Wisconsin.
Last Updated on 2 weeks ago by Broker Mortgages