Unconventional Mortgages (800) 718-8906

Unconventional Mortgages and Loans

(800) 718-8906

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


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 Statement Loans and Options:

1 Month – Personal Account

2 Months – Business Account (exceptions made)

3 Months – Business or Personal Account(s)

6 Months – Personal Account(s)

12 Months – Personal Account~

24 Months – Business Account~

Primary Borrower must: be Self-Employed | W2 Co-Borrower – OK

Self-Employed is Defined by 25% Ownership in a Company

Asset Depletion

Asset Depletion / Asset Based: (in conjunction “Blended Income” with any Full Doc or Alt Doc program)

3 Reduced Doc Options:

1 year Lite Doc

1 year W2 or 1 year 1099 in lieu of the standard 2-year income history and employment history verification requirements including full Tax Returns with all Schedules

4506T is executed but for only the 1 year W-2. Not the previous year.

4506T is not executed for the self-employed borrower

Tax Returns not required

1 Year Tax Returns instead of the standard 2-year requirement

1 Year P&L Profit and Loss Statement

Borrower Prepared and Unaudited

Available Alt Doc: No Doc, Stated Income, Bank Statements, Reduced Doc, Asset Depletion, Lite Doc

Assets / Reserves:

24 Months Reserves Seasoned for 3 Months or VOD Verification of Deposit

Property Types:

SFR Single Family Residence

Condominiums > 4 stories

Condominiums – Highrise OK


1-2 Units

2-4 Units



Owner Occupied

Second Home

Non-Owner Occupied

Available Terms:

ARM’s: 3/1, 5/1, 7/1, 10/1

Fixed Rates: 15 Year, 20 Year, 30 Year

600 Credit Score to 80% LTV

DTI – 55%

Underwriting Notes:

3 previous 30-day Mortgage Lates within Previous 12 Months OK

1 60-day Previous Mortgage Late within the Last 12 Months – OK

Short Sale, 1 day seasoned

Foreclosure, 1 year seasoned

Bankruptcy, 1 year seasoned

Gift Funds for down payment OK if from an immediate family member or it must be 60 days seasoned (exceptions with other compensating factors)

Available in the Following States:

Alabama, Arizona, California, Florida, Georgia, Maryland, Massachusetts, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Hard Money Loans

Investor Loans

Investment Property Loans