Unconventional Mortgages (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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Multi-Unit Investment Property Mortgages

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 higher of current market rent or lease stating rental income, depending on the scenario. No limit to number of financed properties and no resverve requirement increase.

DSCR – Short-Term Rental OK

Eligible Transactions: Purchase, Refinance Rate/ Term and Cash Out Refinance

Eligible Borrowers: Natural Person, Business Entity, and Foreign National

Eligible Property Types: Single Family Residence, 2 Unit, 3 Unit, and 4 Units, warrantable Condos and Non-Warrantable condos

Eligible Occupancy: Non-Owner-Occupied Only

Jumbo Loan Amounts: $4,500,000

85% LTV to $1,500,000 – 620 Credit Score

85% LTV to $2,000,000 – 640 Credit Score

85% LTV to $2,500,000 – 660 Credit Score

85% LTV to $3,000,000 – 680 Credit Score

85% LTV to $3,500,000 – 700 Credit Score

85% LTV to $4,000,000 – 720 Credit Score

85% LTV to $4,500,000 – 740 Credit Score

Use short-term market rent – Appraisal Form 1007 or Current lease dollar amount for long-term rental

Debt-Service-Coverage Ratio: .75 – 1.5. Expense Factor 15% on rental income. 85% of short-term or Long-Term rental income. Use Interest-Only Payment to qualify

We allow Title in a Trust, Corporation, or LLC, and don’t report entity Title on the borrower’s credit report

Minimum Credit Score – 600

We use highest credit score out of three.

12-month Short-Term rental payment history and AirBnB internet listing, etc. <12-month history considered case-by-case.

Pre-payment Penalty: 1 year minimum

Term: 40-Year Fixed, 40-Year Fixed Interest-Only, 30-Year Fixed, 30-Year Fixed Interest-Only, 10, 7, and 3-Year ARMs

Stated Income/Verified Assets – California

2024 Update –

Almost all Stated Income loans are for investments properties. This loan is special in that it gives the option for people that can’t or prefer not to verifiy their income to purchase or refinance their primary home in California, Colorado, Florida, Texas, Virgina and Washinton.

Self Employed only

Purpose: Purchase, Rate and Term Refinance and Cash Out Refinance

Jumbo Loan Amounts:

Purchase to $2,500,000

Cash Out Refincne to $1,500,000 “cash-in-hand

Maximum Financing: Purchase and Rate and Term Refunance to 75% LTV. Cash Out Refincne to 80% LTV

Property Types: SFR Attached and Detached. Condos OK with 5% LTV Reduction

Occupancies: Owner Occupied. Second Home to 70% LTV

Credit Score requirement: 680 Minimum

Verified Asset Requirments:For loan amounts less than $1,000,000 – 6 Months Reserves (Housing Expense). For loan amounts greater than $1,000,000 – 12 Months Reserves Reserves (Housing Expense)

Underwriting Notes:

Borrower cannot have more than 10 financed properties. No limit on number of properties owned

Non owner occupied borrowers not allowed

Private mortgage insurance not requied

10 acre maximum on property

Appraisal notes:

Full Appraisal required, interior and exterior with photos of both

Desk review required for all loans greater than $750,000

Property cannot have been on MLS for more than 90 days

No purchase seasoning required for refinance – utilize current market value for LTV purposes

Credit history notes:

Payment history: No 30 day lates within last 36 months on mortgage or rent and consumer debt, revolving or installment

3 year active history on a minimum of 3 accounts (tradelines) required

Income document requirements:

Self Employed: 2 year job history

Business license or CPA letter

2 months bank statements or a VOD, Verification of Deposit, personal or business bank statements OK

Rental Agreements can be qualified as income

Eligible Borrowers: US Citizen, Permanent and Non-permanent Resident Aliens

Gift Funds for down payment OK. 5% borrower contribution required

Any liens on subject property must be a minimum of 6 months seasoned. 12 months on a HELOC with no draws within the last 12 months

reference# 254 525020215

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

Residential and commercial properties

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Kentucky, Maine, Massachusetts, Mississippi, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, and Washington.

Bank Statement Loan Options for Self-Employed

Self-Employed Borrowers: Personal Bank Statements, Business Bank Statements and Comingled Bank Statement Accounts

Bank Statement Alt Doc Options Available – 2023 Updates

We calculate your monthly income number (DTI purposes) before your loan is submitted to the underwriter based on either your previous 3 months, 6 months, 12- or 24- months bank statements. Saves time because it will be a clean loan, the way the underwriter likes it. Quicker turn times and happy borrowers. Interest rates are always important. Service is key. Mortgages can come with a lot of moving parts.

* 20% Minimum Business Ownership Required

* Gift Funds OK to 100% with 5% Borrower Contribution

* One Year Business History Required

Eligible Property Types:

* Single Family Residences (SFR) (attached and detached)

* 2 Units

* 3 Units

* 4 Units

* Condos

* Non-Warrantable Condos (70% Max LTV)

Eligible Occupancies:

* Primary / Owner-Occupied

* Second /Vacation Homes

* Investment Properties

* ADU OK (5% LTV reduction) First Time Investors

Investor Service

First time investors can be eligible with no previous housing expense (rental history/mortgage payment) for the previous 12 months.

Rent free (no current housing expense (10% LTV reduction 680 credit middle score)

Available in the Following States:

Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

California Hard Money Jumbo – 80% LTV

Jumbos, Super Jumbos, and Cash-Out – 600 Credit Score

Second Mortgages also Available. Private Money Lender, southern California based with LTVs up to 80% on Investment properties all throughout California. Airbnb rental income, OK. Direct lender out of Irvine California focusing on value-add residential, commercial and Business Purpose mortgages.

Super Jumbo Loan Amounts to $30,000,000

** 80% LTV Hard Money

LTVs are based on borrower’s real estate experience, type of transactions, subject property location, county and zip code, and the overall credit profile of the borrower.

Income, Liquid Assets and Employment

No personal income verification. Liquid Assets for Reduced Investor Pricing and Underwriter Guideline Exceptions.

Loan Scenario Form – Credit Check Not Required

Eligible Property Types

Single Family Residence Attached, (SFR-A), Single Family Residence Detached, (SFR-D), 2-4 Units, 5+ Multi-Family Units, Townhomes, Condominiums (<9 stories), Townhomes, PUD.

Available Terms

Short-term 6-18 months. 2 year and 3 year, and 7 year ARMs are also available for long-term rental investors. Interest-Only (I/O) available on all terms. Pre-Payment options are available for reduced pricing.

Loan Program Benefits

Inhouse control: Servicing, Fund Control, 5-Day Close

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, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

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 have streamlined the approval and escrow work flow perfected the escrow for better time efficiency from pre-qualification, full application, underwriter approval/Conditional Loan Approval (CLA), Prior to Doc (PTD) conditions, Condition Review, final underwrite, Prior to Funding (PTF) conditions, Clear to Close (CTC), Closing Docs to escrow, sign, and close.

Non-QM Lenders and Loans Unique to an Individual Borrower

We have many loan options, and we are poised to increase the buying power of the small to medium size business owner by utilizing industry tools, built into their proprietary mortgage Loan Origination Software (LOS) to make the escrow process smooth and rolling along in a timely fashion. We are closing Non-QM Alt Doc loans in 10-21 days.

Innovative Product and Service

As a successful business professional, you provide exceptional service to your clients and customers so you should expect the same level of service and care from the people that work for you. We work for you to serve you the way you want to be served. Non-QM lenders make it possible for us to originate and close Non-Prime solutions that other loan officers cannot. to individual W2 Wage Earner borrowers and Self-Employed business professionals or anyone else that has a complicated tax return can benefit from 1 or more of the following:

Alt Doc and Reduced Doc Programs

* Bank Statements
* 1099 Only
* Asset Depletion
* No Doc
* Reduced Doc

Bank Statement Loan Options

Super Jumbo Loan Amount – $4,000,000 ($2,000,000 – Max Cash Out)

* 2 Month Business or Personal Account

* 6 Month Business or Personal – Comingle OK

* 12 Month Business or Personal – Comingle OK

* 24 Month Business or Personal – Comingle OK

Employment Types:

* Self Employed – Two Years Minimum

* Wage Earner / W2 Co-Borrower OK

Eligible Business Entities:

Corporation

* LLC

* Sole Prop

Employment Verification:

* Business License

* CPA Letter or Tax Professional stating Percentage of Ownership

* Borrower Prepared Profit and Loss Statement

Eligible Property Types:

* SFR Single Family Residence – Detached

* SFR Single Family Residence – Attached

* Duplex

* Triplex

* 4 Units

* Condominiums

Eligible Occupancies:

* Owner-Occupied

* Non-Owner-Occupied Investment

* Vacation Home

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, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

One Month Bank Statement Loan

Self-Employed Borrower Programs

Refinance Loans

Self-Employed and Investor

Non-QM Lender Categories

Second Mortgages

Alt Doc Purchase Loans

Non-Prime Mortgages

Non-Prime Mortgages