Unique Investor Loan Program
real-estate-investor-cash-out/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 tax returns, leases can be utilized to document income.
Include your Rental Income
Rental income may be included in conjunction with Borrowers Bank Statement Gross Deposit Income. Leases with Bank Statements or 1099’s with or without Asset Depletion.
* Real Estate Investor Alternative Documentation – Leases and bank accounts showing at least 4 consecutive months of rent receipt from all qualifying rental property leases. With the new lease and receipt of security deposit equal to one month of rent, rent seasoning not required. Also, in addition, (in conjunction with rental income) bank statements can be utilized just like a regular “bank statement loan,” 12 months or 12 months.
* Real Estate Investor borrower bank statements, business, personal or dba. Multiple comingle accounts OK if bank transfers can be identified as income revenue from an income source. Large deposits will be sourced.
Airbnb and Short-Term Rentals OK
Short-term Rental Income may be properly documented with the short-term rental facilitator statements,
Short-term rental income dollar amount is derived from a 12-month rent deposit average. Lenders can document rental income with most previous 10 months rental facilitator statements.
Guidelines and Requirements
Underwriting Guideline exceptions and requirements are based on credit scores, Debt to Income ratio, equity position/loan to value ratio, occupancy, property type, and various variables and loan characteristics such as “credit event” seasoning.
Documentation type, credit depth and seasoning, borrower employment and business seasoning, Liquid asset sources, purchase seasoning.
Non-QM and Benefit to Borrower
Benefit to Borrower and the Ability-to-Repay Rule require Tangible Benefits to borrower such as Property Acquisition, Interest Rate Reduction, Credit Card Debt Consolation, Disposable Income increase, Fixed Rate or Term Extension Rate and Term Refinance, Cash Out Refinance for Business Expansion.
Bank Statements or “1099 Only” and/or REO Leases – Including Short Term Rental | Airbnb.
Use your 1099’s or the co-borrowers 1099’s for additional income qualification.
Alternative Income Documentation
- 12-24 months Bank Statements or Form 1099 Only, Leases without tax returns or Form 4506T
- Terms: 30 and 15-year fixed. ARM, 5-year, and 7-year
- Debt-to-Income Ratio (DTI) up to 55%
- Subordinate Financing Permitted
- Business Purpose Available
- Foreign National for either Second Home or Investment Property
- Loan Amount >$1,500,000 – 2 Appraisals Required. Transfers Accepted on Approved AMC List
- Interest-Only Options Available
- 10-year Interest only term available for 40-year fixed rate and amortization up to 85% LTV, 80% LTV on 2-4 units.
Credit Score/LTV/Loan Amount Matrix
Purchase or Rate/Term Refinance
720 Credit Score
| Credit Score | Loan-to-Value | Loan Amount |
| 720 | 85% LTV | $2,500,000 |
| 720 | 75% LTV | $3,000,000 |
| 720 | 70% LTV | $4,000,000 |
700 Credit Score
| Credit Score | Loan-to-Value | Loan Amount |
| 700 | 90% LTV | $2,000,000 |
| 700 | 85% LTV | $2,500,000 |
| 700 | 80% LTV | $3,000,000 |
| 700 | 75% LTV | $3,500,000 |
680 Credit Score
| Credit Score | Loan-to-Value | Loan Amount |
| 680 | 85% LTV | $2,000,000 |
| 680 | 75% LTV | $3,000,000 |
| 680 | 70% LTV | $4,000,000 |
| 680 | 65% LTV | $4,000,000 |
660 Credit Score
| Credit Score | Loan-to-Value | Loan Amount |
| 660 | 85% LTV | $2,000,000 |
| 660 | 80% LTV | $3,000,000 |
| 660 | 75% LTV | $3,500,000 |
| 660 | 65% LTV | $4,000,000 |
640 Credit Score
| Credit Score | Loan-to-Value | Loan Amount |
| 640 | 80% LTV | $1,500,000 |
| 640 | 70% LTV | $2,000,000 |
| 640 | 65% LTV | $2,500,000 |
Cash Out Refinance
700 Credit Score
| Credit Score | Loan-to-Value | Loan Amount |
| 700 | 75% LTV | $2,500,000 |
| 700 | 70% LTV | $3,000,000 |
| 700 | 65% LTV | $4,500,000 |
| 700 | 60% LTV | $5,000,000 |
680 Credit Score
| Credit Score | Loan-to-Value | Loan Amount |
| 680 | 75% LTV | $2,000,000 |
| 680 | 70% LTV | $3,500,000 |
| 680 | 65% LTV | $4,000,000 |
| 680 | 55% LTV | $4,500,000 |
660 Credit Score
| Credit Score | Loan-to-Value | Loan Amount |
| 660 | 75% LTV | $1,500,000 |
| 660 | 70% LTV | $2,000,000 |
| 660 | 65% LTV | $3,000,000 |
| 660 | 55% LTV | $4,000,000 |
Credit History Requirements – Credit Event Seasoning
- Foreclosure, 24 Months
- Bankruptcy, 24 Months
- Short Sale, 24 Months
- Deed In Lieu, 24 Months
- Housing Payment History
- Maximum 1 30-day late for previous six months
Loan Scenario Form – Credit Check Not Required
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.