Income Documentation Self-Employed Alternative + 55% DTI
24 Months Business or Personal Bank Statement Program
** $3,000,000 Loan Amount – 55% DTI
** $2,500,000 Loan Amount – 50% DTI
** $2,000,000 Loan Amount – 43% DTI
Loan Amounts, Credit Scores and Loan to Value Highlights:
** 70% LTV to 5,000,000 – 720 Credit Score
** 75% LTV to 4,500,000 – 700 Credit Score
** 80% LTV to 4,000,000 – 680 Credit Score
** 90% LTV to 3,000,000 – 660 Credit Score
** 85% LTV to 2,500,000 – 640 Credit Score
Eligible Employment Types:
** Self Employed, 1099 Independent Contractors – see a list of 1099 Only Loan Programs
** W-2 Wage Earner Co-Borrower OK for Bank Statement loan/ Asset Depletion – 4506-C Required
Credit Event Seasoning/ LTV Highlights:
** 2-Year Seasoning Required from Bankruptcy Discharge Date – 80% LTV Max for Purchase | 75% LTV Cash Out
** 2 Years Seasoning Required for Short Sales and Foreclosure – 80% LTV Max for Purchase | 75% LTV Cash Out
** 1-Year Seasoning Required from Bankruptcy Discharge Date – 75% LTV Max for Purchase | 75% LTV Cash Out
** 2 Years Seasoning Required for Short Sales and Foreclosures – 70% LTV Max for Purchase | 75% LTV Cash Out
Eligible Property Types:
** SFR Single Family Residence (attached and detached)
** Condominiums >4 Stories – 80% Max LTV
** Condominiums >4 Stories – 75% Max LTV
** 1-4 Units
Eligible Occupancies:
** Owner-Occupied
** Second/ Vacation Home – 75% maximum LTV
Available in the Following States:
Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.