Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

(800) 718-8906

Unconventional Mortgages - A Wealth of Information Resource & Service: (800) 718-8906

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Refinance - Investment Property Options

Investment property loans usually depend on two things: property units within a property, and the use of a property as a principal residence. Furthermore, there are two types of investment property loans: residential and commercial. The standards for the lending of loans for the above two segments are significantly different. It is important to understand the difference between the two before contemplating getting a loan.

Residential Loans are for properties that provide dwelling for families or individuals and are comprised of four units or less. The loans are made on standards such as: Debt to Income, Credit Score, Loan to Value (LTV), and Landlord or property owner experience. After the sub-prime mortgage crisis, the standards have become quite stringent resulting in the dropping of LTV ratio from 125% to 70%- 80% range. Land experience, although not a requirement, can affect your ability to get a loan.

Commercial loans on the other hand, are designed for properties with five units or more, and other non-residential investment properties. The rates are higher, and the terms are shorter. The standards for commercial loans are similar with the exception of the addition of one major standard in the form of Debt Service Coverage Ratio (DSCR). The degree and extent to which the standards are applicable to commercial loans is also varied.

The qualification process for commercial loans focuses on the income and cash flow generated from the property, unlike residential loans where your personal income and profile have precedence. This is based on the premise that commercial properties are often larger in size, and if the borrower is unable to make the payments, the property should be able to cover for itself. DSCR ratio, which equals net operating income/debt service is the primary tool used by the lenders in determining the ratio of cash flow to expenses of a particular property. A commercial lender typically likes to see a DSCR of between (depending on the lender), meaning PITIA (subject property) should be between .75% and 1.5% of the proposed payment.

Until now, the information we have covered pertains to conventional mortgage loans, that is, a loan with a fixed interest rate and a fixed period. When we think of conventional loans, we usually associate them with large financial institutions such as banks. But unfortunately, not everyone is able to meet the stringent requirements of large financial institutions usually due to the credit profiles that do not yield a high enough credit score. In this event, unconventional loans may be the only option available to investors who are financially sound but have hit a financing wall with conventional funding, and that is where we come in.

We not only provide conventional loans but also specialize in providing unconventional mortgage loans with varying guidelines, terms, and conditions. Based on different investor profiles and needs, we have six different “Non-Owner Occupied” Loan programs ranging from short term property loans for flips, and foreclosures, to jumbo and more conventional portfolio loans with special terms and conditions for investors with excellent profiles. More details of the options available to you are in the link below.

Investment Refinance Loans – Guidelines and Highlights. Below is a list of some of our Refinance “Investment Property” loan programs.

Let us know if you have any questions. Call Customer Service 800-718-8906 to speak with a Mortgage Expert or fill out a Pre Qualification form.

Super Jumbo DSCR $4,500,000

Debt Service Coverage Ratio (DSCR) continues to be popular with real estate investors. Below are guidelines using Long- and Short-Term Rental Income. We can use

Hard Money Loan Asset Based Program

This program is an asset-based lender Stated Income / No Doc Currently in foreclosure OK Currently in bankruptcy or past bankruptcies OK In probate OK

Exception-Based Non-Prime Loan

Specialized lender leads the way in the Non-Prime niche mortgage lending space with over 50 years of collective wholesale lending and loan origination experience and

Super Jumbo Investor Mortgage | DSCR

Unconventional Real Estate Investor (DSCR) Loan Program Debt Service Coverage Ratio – 620 Minimum Credit Score * Maximum LTV 85% Purchase Transactions * 80% Cash

Bank Statement Loan to 75% LTV 620 Credit Score

Six Alternative Income Verification Options Non-QM loan program uses bank statements In lieu of Traditional Income Documentation to determine a borrower’s Ability-to-Repay. Agency – government

Debt Service Coverage No Ratio

DSCR – Real Estate Investor Program to $5,000,000 Employment Not Required. Income – Rental Leases or Appraisal. Traditional Income Documentation Not Required. Debt-to-Income Ratio Not

Non-Prime True No Doc Mortgage Program

Income Documentation is None/Not Applicable – No Ratio.No DTI (debt-to-income ratio) considered. Equity Driven Product * Reserves – 6 Months (not including Cash Out Refinance)

Non-QM – Stated Expense Ratio

Alternative Bank Statement Income | Non-QM Mortgage Broker * Other Alt Doc, Reduced Doc, and Lite Doc Options Available -1099 Only -Investor Cash Flow DSCR

Non-QM Portfolio Lender Loan Programs

Non-Qualified Mortgage Lender Serving California Business Owners Non-Qm lender offering Non-QM loan programs to California self-employed borrowers. California business owners need flexible non-qualified underwriter guidelines

Debt Service Coverage Ratio Program

Business Purpose Investor Loan Programs Loan programs for home buyers and homeowners looking to refinance, rate/Term and Cash Out their Single-Family Residence, Condo or Multi-Unit

Non-QM Lenders and Loans

Bank Statement Program – 2024 This Bank Statement mortgage is designed for self-employed borrowers. You benefit from a simplified qualifying method with income based on

12 Month Bridge Loan

12 Month Bridge Program Lending Partner with the Flexibility to Deliver Results 12 Month Bridge Loan allows Borrowers Access to the Equity in their Property

90% LTV – ITIN Investors

Foreign Nationals are buying properties now more than ever which means good & effective Buying Power for the foreign national and also more and more

Reduced Doc – Employment History | One Year

1099 Only Lite Doc Income Documentation Portfolio Non-QM Lender Guidelines & Highlights * 1-Year Income and Employment Verification Documentation, Asset Utilization * Form 4506-T and

Condo Mortgage 90% LTV Jumbo

Condo Mortgage Program 90% LTV to $2,500,000 Purpose: Purchase, Refinance Cash Out 90% LTV – $2,000,000 – 700 Credit Score 90% LTV – $1,500,000 –

Stand-Alone Second Mortgage

Second Mortgage Bank Statement Mortgage Loan Stand-Alone Second Mortgage Program (cash out can be used to meet reserve requirement) This product is ideal for the

Non-Prime Lite Doc and/ or Reduced Doc

Lite Doc – Previous 12 Months Income Documentation: * As an alternative to the standard two years of income documentation, you have two options: either

Non-Prime Jumbo 95% LTV

$10,000,000 Super Jumbo Alt Doc > $10,000,000 Case-by-Case Basis Self-Employed Income * Documentation: Bank Statements from 600+ FICO to 90% LTV Full Income Documentation to 90%

Bank Statement Loan to $5,000,000

Purpose: Purchase Rate & Term Refinance – Rate & Term and Cash Out * Jumbo Bank Statement Loan to $5,000,000 * Maximum Loan Amounts: $5,000,000

6 Month Bank Statement Mortgage Loan

Alternative Income Documentation for Self-Employed and W2 Commission Business Professionals This 6 Month Super Jumbo Bank Statement Non-Qualified Mortgage (/non-qualified-mortgages) (Non-QM) loan program is for

Non-QM Interest-Only Jumbo Program

Interest-Only Non-QM Jumbo Mortgage Product Interest Only – $2,000,000 Eligible Transactions: Purchase; Refinance – Rate/Term; Refinance – Cash Out Non-QM Mortgage Loans /”Interest-Only” Payment Option

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

Bank Statement Super Jumbo Loan

Non-Prime Super Jumbo Bank Statement Loan – 600 Credit Score Personal or Business Bank Account Statements (comingle OK) Forms 4506-T and 4506-C Not Required Alternative

Investor Loan – No Doc

No Income No Asset Verification – Forms 4506-T and 4506-C Not Required Foreign Nationals – OK Unique mortgage loan program designed for the Residential Real

Hard Money 5-Million Owner Occupied

This hard money lender will do primary residential loans which are somewhat rare. Similar to a Business Purpose Mortgage Loan Purpose: Purchase, Refinance, and Rate

Jumbo Hard Money to 3-Million 80% LTV

High LTV Hard Money Jumbo Loan This hard money loan program can be applied to a variety of loan types including Fix and Flip, Blanket

Inherited Property Loan Program

Inherited Property Financing 80% Loan-to-Value This loan program is for people that have lost a family member and would like to keep the home. This

Asset Qualifier Jumbo Loan

Asset-Based Loan Program Qualifying Criteria for this loan program are Asset Based. This program can also be used to supplement additional alt doc programs such

Stated Income / Verified Assets Super Jumbo

Income Documentation Alternative for the Well Qualified Self-Employed Borrower December 2023 Stated Income Loan – Tax Returns Not Required Stated Income Mortgage loan program will

Vesting Title in Legal Entities

This Loan Program is for Corporations, LLC’s, Partnerships. This gives the “borrower” the option to vest the title of their property into a trust, corporation,

Asset Depletion Program to 5 Million

Asset Depletion Jumbo Loan | Forms 4506-T and 4506-C Not Required Income Documentation Alternative: Asset Depletion Self Employed and W-2 Wage Earner Co-Borrower 660 Mortgage

Super Jumbo Bank Statement Program

Super Jumbo Bank Statement Loan | Form 4506-T and 4506-C Not Required Tax Returns Not Required Utilize personal or business bank statements in lieu of

Bank Statement Loan – 600 Credit Score

Bank Statement Loan | Self Employed Borrowers Forms 4506-T or 4506-C Not Required Self Employed Only – Personal or Business Bank Account Statements. Bank Statement

First Time Home Buyer Jumbo loan

Jumbo Purchase Loan for the First-Time Homebuyer to $1,000,000 Cash Out Refinance Loan Amount / Cash Reserves/Liquid Assets Requirements: 1 million – 3 months reserves

Non-Prime Bank Statement Loan

Alt Doc – Bank Statement Programs Bank statement revenue, cash-flow centric Income alternative | No Tax Returns | No Form 4506-T or Form 4506-C Bank

600 Credit Score Jumbo Mortgage Programs

Non-Prime Jumbo Program Loan Amount – $3,500,000 600 Credit Score Jumbo Mortgage Program, designed to provide accessible financing solutions for discerning investors. With loan amounts

Jumbo Cash Out Refinance Loan

Jumbo Cash Out to $1,500,000 Purpose: Purchase and Cash Out – no maximum on the cash to the borrower Jumbo Loan Amounts: $2,500,000 Maximum Minimum

Jumbo 1.5 Million Southern California

This Jumbo Loan Program is for Borrowers with Less Than Perfect Credit Jumbo Loan Amounts to $4,000,000 | Maximum Cash Out – $1,500,000 Credit Score

Commercial Mortgage Stated Income Super Jumbo

Commercial Mortgage Stated Income This commercial mortgage loan program does not require Tax Returns or W-2’s 660 middle credit score Loan Purpose: Purchase, refinance, and

95 Percent Financing 620 Credit Score

96.5% LTV with 630 Credit Score Purchase and Rate and Term Refinance Only. No Cash Out 55% Maximum Debt Ratio DTI * Owner Occupied Only

Investor Purchase Loan Program

Real Estate Investor Loan: Up to 12 Financed Properties OK Borrower can own unlimited properties, but only 10 can have a mortgage lien 680 Middle

No Income No Asset Verification

Income and Asset Documentation Not Required Forms 4506-T and 4506-C Not Required * Update: September 2023 Tax Returns Not Needed for Self Employed or W-2

Manufactured Home Loans

Manufactured Home Loan Programs 680 Credit Score, Minimum 50% – Maximum Debt-to-Income Ratio DTI No Cash Out All Automated Underwriting Owner-Occupied Only FHA Maximum LTV:

Rural Property

Max Loan Amount $550,000 Loan Purpose: 97% LTV Purchases Rate/Term and Cash Out Refinance Unlimited acreage I multiple parcels Terms: Fixed & Arms available Property

Portfolio Mortgage Programs

Portfolio Mortgage Program Highlights January 2023 FHLMC Super-Conforming FNMA unpermitted space ok if documented per guidelines Transferred appraisals ok on most programs- 5-10 Financed Properties

203K Streamline

203k-streamline Cash Grant for Repairs This is a government program available to most borrowers. The government likes it when a homeowner buys in a rough

Super Jumbo Programs

Non-QM Mortgage Broker For the Super Jumbo Loan Program facilitated by our Non-QM Mortgage Broker, various loan purposes are accommodated, including Purchase, Rate/Term and Cash

Stated Income Jumbo – 740 Credit Score

Stated Income to $4,000,000 – 740 Credit Score Forms 4506-T and 4506-C Not Required Jumbo Loan Amounts: * $500,000 Minimum * $4,000,000 Maximum Verification of

California Hard Money 30-Million

1st, 2nd, and 3rd Stand-Alone Mortgage | Forms 4506-T and 4506-C Not Required LTV – 70% to 75% depending on property location and property condition

Jumbo Private Hard Money Program

Hard Money Loan Program All Property Types (Except Land & Manufactured Homes) 1st Trust Deeds Available and 2nd Trust Deed HELOC’s from $250,000 – $10,000,000

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Hard Money Loans

Investor Loans

Jumbo Investment Property Loans

6 Month Bank Statement Loans

Credit Score Tools

One Month Bank Statement Loan

Bank Statement Refinance Loans

Non-QM Lending

Jumbo Bank Statement Loans

Additional Loan Programs A-Z