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Lenders We Offer

We can research your “loan scenario” with an extensive number of lenders (Prime, Non-Prime, Portfolio) and loan programs (qualified and non-qualified) including niche programs to meet a specific requirement(s).

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Bank Statement Loan Service

Our bank statement loan service provides flexible solutions. By analyzing gross monthly deposits and subtracting an expense ratio or factor percentage, our lenders pre-underwrite and calculate your qualifiable income. This approach ensures a tailored evaluation for debt-to-income (DTI) ratios and loan-to-value (LTV) thresholds, enabling access to competitive financing options.

Each Lender Its Own

Each Non-QM lender applies a unique manual underwriting process, considering various business-specific factors to determine the appropriate percentage. These criteria include your industry, business model, cash flow patterns, merchant payment methods, and utilization of funds. This detailed analysis maximizes your income and enhances your financial profile for approval.

As a specialized mortgage broker service, we focus on maximizing borrowers’ unconventional income streams. Whether you’re self-employed, an independent contractor, or own a small business, our Non-QM mortgage lending solutions adapt to your unique circumstances, providing flexibility and efficiency in achieving your homeownership goals

Bank Statement Pre-Underwrite

The Pre-Underwrite Department can process/analyze (some lenders 1, 2, 3, 6, 12, and 24 months with personal account bank statements so we have the income figured out and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, and disclosures.

Bank Statement Service

We pre-underwrite your bank statements for you before the Underwriter sees them to ensure we get the right Conditional Loan Approval (CLA).

1. Your Loan Officer analyzes the bank statements (and any Asset Depletion potential to supplement total income).

After your Loan Officer reviews the statements, often times, 1 of 2 things will happen, your Loan Officer will either have questions for you regarding the statements; deposits, Income deposits, transfers to get clarity on how you run your business in terms of how you utilize your bank accounts in anticipation of any questions the lender rep (Wholesale Account Executive) will have for the loan officer before Underwriter Submission. To ensure a smooth loan, the lender rep will bring them to the actual underwriter along with a lender specific criterion, Income Worksheet, etc.

Bank Statement Loan Pre-Underwrite

Non-QM Mortgage Broker Service

We can have the income figured out $X/Mo) and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, prelim docs, etc.

Bank Statement Service

After your Loan Officer reviews the statements, often times, 1 of 2 things will happen, your Loan Officer will either have questions for you regarding the statements; deposits, Income deposits, transfers to get clarity on how you run your business in terms of how you utilize your bank accounts in anticipation of any questions the lender rep (Wholesale Account Executive) will have for the loan officer before Underwriter Submission. To ensure a smooth loan, the lender rep will bring them to the actual underwriter along with a lender specific criterion, Income Worksheet, etc.

Most businesses have more than one business bank account that receive income deposits and one or two personal accounts.

This service is particularly ideal for self-employed people that maintain multiple bank accounts, business and personal for different reasons. Especially when the borrower owns multiple companies. Rentals.., e-business, etc.

We can (broker service) analyze (some lenders 1, 2, 3, 6, 12, and 24 months with personal account bank statements so we have the income figured out and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, etc.

We pre-underwrite your bank statements for you before the Underwriter sees them to ensure we get the right Conditional Loan Approval (CLA).

Submit pre-underwritten straight to underwriting along with standard documentation for Initial Submission

If you have Multiple Streams of Income and you process payment, funds/revenue (for whatever reason) differently depending on method of payment.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wyoming.

Jumbo Bank Statement Alt Doc – 640 FICO

Non-Prime Bank Statement Options

Self-Employed Borrowers: Portfolio Direct Lender is a direct lender with their own portfolio of loan products and programs, and they make their own Non-QM and Non-Prime manual underwriting decisions. Some Portfolio lenders can also lend their own money as well as a portfolio they contribute to or commit to a pre-determined lender service term.

Credit Leniency and Underwriter Discretion

Major credit events only require 1 year seasoning. Mortgage lates OK not to exceed 3 x 60 x 24 (6-60 day lates, including “rolling lates”), within the previous 24-month time period. Or 3 x 30 x 12 (3-30 day lates, including “rolling lates”), within the most recent, previous 12-month time period. Never-the-less, borrowers are seen as people and people are considered individuals.

Lender Solutions and Niche Loan Products

This loan program works well for borrowers that fall outside the standard Non-QM box with credit scores as low as 600 and minimal tradelines required.

LTV% / Loan Amount / Credit Score | Matrix
90% LTV to $3,500,000 | 660 FICO
85% LTV to $2,500,000 | 640 FICO
80% LTV to $3,000,000 | 650 FICO
75% LTV to $3,500,000 | 680 FICO
70% LTV to $4,000,000 | 700 FICO

Bank Statement Documentation and “Income Deposits”

Business industry and business model can dictate your Expense Factor. Flexible “expense factor” (aka expense ratio) options for the bank statements both business and personal. Cash Out to $1,500,000. Additional details below.

Bank Statement Income Documentation Options

12 Month Personal or Business Bank Statements

24 Month Personal or Business Bank Statements

“1099 Only” for Sole Proprietors / Independent Contractors

Asset Based Feature for Additional Qualifying Income (Higher LTVs, Higher Loan Amounts)

Maximum Debt-to-Income Ratio’s (DTI)

55% to $2,000,000

50% to $2,500,000

43% to $3,000,000

38% to $3,500,000

Eligible Property Types:

Single Family Residence (SFR)

2-Unit – $2,500,000 Max Loan Amount

4-Unit – $2,000,000 Max Loan Amount

Eligible Occupancies

Owner-Occupied/Primary Residence

Second Home to 85% LTV

Non-Owner-Occupied/Investment

Available Terms:

15 Year Fixed – Interest Only Allowed

30 Year Fixed Interest-Only Allowed

40 Year Fixed and Interest-Only Allowed

Additional Underwriting Highlights:

Non-Occupant Co-Borrowers – Allowed

First Time Buyers OK

Non-Permanent Resident Aliens – OK

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.

Investor DSCR Mortgage Program

The Real Estate Investor Program offers flexible income documentation options, including Full Doc or DSCR (Debt Service Coverage Ratio)

Purpose: Purchase or Cash Out Refinance

Income Documentation: Full Doc or DSCR (Debt Service Coverage Ratio)
Eligible DSCR and LTV Ratios:
Debt Service Coverage Ratio (DSCR) .75% – 1.5%

Loan-to-Value (LTV): 80% Purchase and 75% Cash Out Refinance

Super Jumbo Loan Amounts from $250,000 to $7,500,000

Credit Score Requirement: 620

Eligible Property Types: Single Family Residence (SFR), Condos, 2-4 Units
Eligible Occupancy: Investment Properties
Terms Available: 10-year arm, 30-year fixed, 40 year fixed. Interest only also available
Underwriting Notes: Investors, 1-10 Financed Properties allowed even if non-owner occupied.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

One-Year History Verification | VOE

1099 Only Lite Doc Income Documentation

Bank Statement Loan | 660 Credit Score – 90% LTV to $1,500,000

* 1-Year Income and Employment Verification Documentation, Asset Utilization

* Form 4506-T and 4506-C is Required – One Year

* Tax Return is Required – One Year for Lite Doc

    Minimum Credit Scores:

    * 600 Minimum Score for the Primary Income Earner

    * 580 Minimum Co-Borrower

        Portfolio Non-QM Lender Guidelines & Highlights

        Simplifying Non-QM Underwriting and process by defaulting to our core Non-QM guidelines and interpretation of the Ability to Repay rule. We can expedite and close your loan with minimal conditions and fast closing.

        Underwriter Niche Guidelines:

        * VOR (Verification of Rent) Not Required

        * No Credit LOE’s (Letter of Explanation) for previous addresses, work history, recent credit inquiries

        * Reserves not required on Primary Residence

        * No Liquid Assets Requirement for either a Rate and Term Refinances but also, Cash-Out refinance

        * No Residual Income requirements

        * Six Months Title Seasoning on Market Value Cash-Out Refinance

        * First Time Homebuyers qualify the same

        * 100% Gift Funds with 5% Borrower Contribution

        * 55% DTI (debt-to-income) Ratio

        * Cash-Out Available

        * Fixed-Rate Interest-Only Terms Available

        * Prepayment Options Available

          Available in the Following States:

          Alabama, California, Florida, Georgia, Hawaii, Illinois, Maryland, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

          Super Jumbo DSCR to $4,000,000

          DSCR First Time Investor Loan OK

          Our DSCR cash flow loan offers borrowers an interest-only option to qualify using the interest-only payment plus escrows. This is just another benefit of this easy to close loan product specifically for real estate investors to maximize property cash flow.

          Business Entity Vesting – OK

          DSCR is considered a Business Purpose Loan simply because the subject property is an investment property. However, we do have Business Loan Programs for primary residences, too.

          Highlights of our DSCR product: Ability to vest in the name of LLC or corporation. Loan amounts up to $2 million Cash-out refinance to unlock equity for future investments. Talk to us today about how you can close more deals for real estate investors!

          Lite Doc Investor Loan Program

          Our DSCR program uses the rental income to qualify for the DSCR for a purchase or refinance investment properties. Available terms: 30-Year and 40-year Fixed Rate including Interest Only. Maximum loan amount $4,000,000.

          DSCR / (Debt-Service-Coverage Ratio) – .75% and 1.5%

          The DSCR is calculated by dividing the borrower’s net operating income (NOI) by their total debt service. The net operating income represents the income generated from the property, such as rental income, minus operating expenses. Total debt service includes the principal and interest payments on the mortgage, as well as any other debt obligations.

          Different Lenders and Different Guidelines | Non-QM Mortgage Broker

          Lenders typically have specific DSCR requirements that borrowers must meet to qualify for a DSCR mortgage.

          For example, if a lender requires a minimum DSCR of 1.25, it means that the borrower’s net operating income must be at least 1.25 times their total debt service. This ensures that the borrower has a buffer of cash flow to cover their debt obligations and demonstrates their ability to manage the mortgage payments.

          Commercial and Mixed-Use Properties – OK

          DSCR mortgages are often used for commercial real estate properties, such as office buildings, retail centers, or apartment complexes, where the property’s income potential plays a significant role in determining loan eligibility. By assessing the borrower’s cash flow ability, lenders can mitigate the risk of default and make more informed lending decisions.

          Debt service coverage ratio (DSCR) is an important metric for investors, particularly those interested in income-generating properties like commercial real estate. Investors analyze the DSCR to assess the property’s ability to generate sufficient income to cover its debt obligations. Here’s how DSCR is relevant to investors:

          Risk assessment: Investors use the DSCR to evaluate the level of risk associated with an investment property. A higher DSCR indicates a property with a stronger ability to cover its debt payments, which lowers the risk of default. Conversely, a lower DSCR suggests a higher risk of potential financial strain and difficulty in meeting debt obligations.

          Investment Property Decision-Making Criteria

          The DSCR is a crucial factor in determining whether an investment property is financially viable. Lenders often have specific DSCR requirements that investors must meet to secure financing. Investors typically seek properties with DSCRs that comfortably exceed these lender requirements to ensure they have a sufficient margin of safety.

          Number Crunching – PITIA (Housing Expense / $Rent Income)

          Cash flow analysis: DSCR is closely tied to the property’s cash flow. By comparing the property’s net operating income (NOI) to its debt service, investors can assess whether the cash flow is robust enough to cover the mortgage payments. Positive cash flow, indicated by a DSCR above 1, is generally desirable for investors, as it suggests surplus income after debt obligations are met.

          Risk mitigation: A higher DSCR provides a cushion for unexpected events or changes in the property’s income. It helps investors weather potential economic downturns, tenant vacancies, or other disruptions that may impact cash flow. By selecting properties with stronger DSCRs, investors can mitigate risks and increase their chances of a stable and profitable investment.

          In summary, the debt service coverage ratio is a critical metric for investors interested in income-generating properties. It helps assess risk, inform investment decisions, evaluate cash flow, and mitigate potential financial challenges.

          Available in the Following States:

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

          3 Month Bank Statement Program

          3 Month Bank Statement Loan Program – 2024

          Our flexible loan options cater to those who have had an exceptional last 3 months. Instead of the standard 12 or 24 months, providing 3 months of bank statements can be more advantageous. We also offer options for 1-month, 3-month, and 6-month bank statement programs to suit you for whatever reason.

          Self- Employed borrowers: Utilize your previous 3 months either business bank account or (co- mingle by guideline exception depending on how you personally run your business) personal account bank statements to qualify for your next Non-QM mortgage home loan.

          Perfect for those seeking an easier loan approval with less documentation.

          3 Month Bank Statement Loan Highlights:

          * Jumbo and Super Jumbo Loan Amounts to $10,000,000
          * Maximum Loan-to-Value – 85% LTV
          * Owner-Occupied and Non-Owner-Occupied OK
          * Minimum Credit Score – 660
          * Self-Employed >25% Ownership Required
          * Appraisal Transfers – OK
          * First Time Buyer OK to 75% Maximum LTV

          “Lite Doc” “Reduce Doc”

          * No Tax Transcripts/4506 C (previously 4506-T)
          * Profit & Loss Statement (P&L) Not Required
          * 2 Years Self-Employed (Lite Doc; Reduced Doc not available)
          * Requires >20% Ownership (exceptions made when borrower has a full time, seasoned W2 job (same field)
          * Personal or Business Bank Statements or Both
          * 85% LTV Maximum
          * 660 FICO (exceptions made to 640 credit score with compensating factors)
          * Primary or Second Home
          * 55% DTI OK

          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.

          Jumbo Non-QM – Bank Statements or 1099 Only

          New Jumbo Guidelines with Loan Amounts to $10,000,000

          Most Non-QM lenders require a 620 minimum credit score to qualify for 85% LTV Cash Out for refinance loans and 15% down payment purchase loan.

          Loan amounts >$3,000,000 – 2 Appraisals Required. One Appraisal Required to $2,000,000

          Self-Employed Borrowers and Non-QM Lenders

          Non-QM lenders are designed for Self-Employed borrowers.

          Bank Statement Pre-Underwrite

          The Pre-Underwrite Department can process/analyze (some lenders 1-, 2-, 3-, 6-, 12-, and 24 months with personal account bank statements so we have the income figured out and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, and disclosures.

          Bank Statement Service

          We can pre-underwrite your bank statements for you before the Underwriter sees them, to ensure we get the right Conditional Loan Approval (CLA).

          Your Loan Officer analyzes the bank statements (and any Asset Depletion potential to supplement total income).

          Broker Service

          After your Loan Officer reviews the statements:

          Loan Officer will either have questions for you regarding the statements; deposits, Income deposits, transfers to get clarity on how you run your business in terms of how you utilize your bank accounts in anticipation of any questions the lender rep (Wholesale Account Executive) will have for the loan officer before Underwriter Submission. To ensure a smooth loan, the lender rep will bring them to the actual underwriter along with a lender specific criterion, Income Worksheet, etc.

          Submit pre-underwritten straight to underwriting along with standard documentation for Initial Submission

          If you have Multiple Streams of Income and you process payment, funds/revenue (for whatever reason) differently depending on method of payment.

          Loan Purpose | Minimum Credit Score | Maximum LTV:

          Purchase Transactions – Minimum Credit Score: 660 Minimum Credit Score to 90% LTV

          Refinance Transactions (Rate/Term) – Minimum Credit Score: 660 to Maximum LTV to 90%

          Refinance Transactions (Cash Out) – Minimum Credit Score: 660 to Maximum to 85% LTV

          Refinance Cash Out for Reserves Requirement – OK

          Liquid Assets / Reserves (Months) Requirements

          Reserve guidelines are favorable at 6 months. Additional reserves not required for additional REO.

          Full Stock(s) value, bonds, and Vested Retirement.

          No additional reserves needed for additional Real Estate Owned (REO), financed or not. Primary residence – No Limit on Financed Properties. Purchase, 90% LTV on Owner-Occupied, including Cash Out Refinance.

          Underwriter Guides and Highlights

          First Time Home Buyer (FTHB) – Yes to 80% LTV

          Non-Occupant Co-Borrowers – Yes – Primary Borrower Debt-to-Income Ratio (DTI) cannot exceed 45%

          Interest Only also Available

          No Price-Add for 2-Units, 4-Units and Vacation/Second Homes

          Lender also offers DSCR, where you qualify based on rental property, no tax returns or income required and will allow title in an LLC and can-do multiple loans for one borrower.

          Current turn time in Underwriting – 24 Hours

          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.

          California Hard Money Jumbo – 80% LTV

          Jumbo and Super Jumbo – 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

          For real estate investors looking for large-scale financing, 80% LTV Hard Money loans offer an attractive option. With loan amounts reaching up to $30,000,000, these loans are designed for high-value transactions, allowing investors to secure significant funding based on the loan-to-value ratio.

          80% LTV Hard Money

          The LTV is primarily determined by the borrower’s real estate experience, the type of transaction, and the location of the subject property, providing tailored solutions for seasoned investors.

          Income Documentation | Liquid Assets | Employment Requirements

          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/ Townhome | Single Family Residence Detached (SFR-D) | 2-4 Units | 5+ Multi-Family Units | Condominiums (<4 stories) | 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

          Maximum Loan Amount: $4,000,000 Cash Out: $2,000,000

          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.

          Unique Non-QM Lenders and Loans

          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:

          ~ Loan Scenario Form – Credit Check Not Required ~

          Loan Purpose: Purchase, Rate/Term Refinance, Cash Out Refinance


          Alt Doc and Reduced Doc Programs:

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

          Bank Statement (months) Loan Options:

          • 2 Month Business or Personal Account
          • 3 Month Business or Personal Account
          • 6 Month Business Account
          • 12 Month Business or Personal – Commingle OK
          • 24 Month Business or Personal – Commingle OK

          Eligible Employment Types:

          • Primary Borrower: Self Employed
          • Co-Borrower: Wage Earner/ W2

          Eligible Business Types:

          • 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
          • 2-Unit
          • 3-Unit
          • 4-Unit
          • Condominiums

          Eligible Occupancies:

          • Owner-Occupied
          • Non-Owner-Occupied Investment
          • Vacation Home

          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.

          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 regulated. Non-QM is manually underwritten per investor guidelines as well as underwriter discretion.

          Alternative Non-QM Income Documentation Options for the Self-Employed Borrower

          Tax Returns not required; Form 4506-T not required. Form 4506-C is also not required for Self-Employed borrowers. Form 4506-C is required for W2 Wage Earners only. If W2 Income is Mixed with Self-Employment Bank Statement Income. Proof of Payment will be Required. Self-Employment defined as >25% Ownership to qualify as “self-employed”.

          Bank Statement and Asset Depletion

          * 3 Alt Doc and 3 Reduced Doc

          * 12 Months Business Account statements or Personal Account statements (6 month bank statement programs also available)

          * 24 Months Business Account statements or Personal Account statements. Note: We can Co-Mingle Multiple Accounts when it makes sense

          * Asset Depletion (Quantify Additional Qualifying Income), Asset-Based. Pledged Asset Portfolio Programs Also available.

          Reduced Doc: Unseasoned Job/Profession History and Income

          Loan Scenario Form- No Cost – No Credit Check *

          Self-Employed and Co-Borrower W2 Wage Earners

          * 1 Year Tax Returns – 600 Credit Score

          * 1 Year W2 – 580 Credit Score

          * 1 Year 1099 Only – 620 Credit Score

          Liquid Reserves Requirement: 6 Months Reserves (Subject Property Housing Expense). Note: Cash Out Can be used to Meet Reserve Requirement

          Maximum loan amount is $3,000,000 to 90% LTV and a maximum Cash Out (cash-in-hand) dollar Amount of $1,000,000. Loan Amount exceptions made to $10,000,000. Lenient DTI Guidelines to 55%. Exceptions to 60% DTI.

          Eligible Property Types

          SFR, PUD, 2 Unit, 4 Unit, Condo, Modular, Mixed Use, and Specialty Homes

          Eligible Occupancies

          * Owner-Occupied/Primary Residence

          * Second/Vacation Home

          * Non-Owner-Occupied/Investment Property

          Available Terms

          * 30 Year Fixed

          * 15 Year Fixed

          * 5/6 ARM

          * 7/1 ARM

          Interest Only Available on both the ARM Product as well as the Fixed Rate Product!!

          Credit Notes

          Traditional Credit Only

          Credit Rescore to Qualify for More Loan (or a Better (more suitable) Loan Program: Terms, Pricing, Conditions, etc.

          Credit Event Seasoning Requirements for this Alt Doc Program

          * Bankruptcy – 24 Months

          * Foreclosures – 24 Months

          * Short Sale – 24 Months

          Available in the Following States:

          Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, 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.

          Non-QM Bank Statement Loan Program

          Prime and Non-Prime Bank Statement Options – Self-Employed Borrowers

          Portfolio Direct Lender is a direct lender with their own portfolio of loan products and programs, and they make their own Non-QM and Non-Prime manual underwriting decisions. Some Portfolio lenders can also be the bank that lends their own money as well as a portfolio they contribute to or commit to a predetermined lender service term.

          Major credit events only require 2 years of seasoning. Mortgage lates OK not to exceed 3 x 60 x 24 (6-60-day lates, including “rolling lates”), within the previous 24-month time period. Or 3 x 30 x 12 (3-30-day lates, including “rolling lates”), within the most recent, previous 12-month time period. Never-the-less, borrowers are seen as people and people are considered individuals.

          Lender Solutions and Niche Loan Products

          This loan program works well for borrowers that fall outside the standard Non-QM box with credit scores as low as 600 and minimal tradelines required.

          LTV% /Loan Amount /Credit Score

          * 90% LTV to $3,500,000 – 640 FICO

          *80% LTV to $3,000,000 – 660 FICO

          *75% LTV to $3,500,000 – 680 FICO

          *70% LTV to $4,000,000 – 700 FICO

          Bank Statement Documentation and Bank Statement Deposits

          Business industry and business model can dictate your Expense Factor. Flexible “expense factor” (aka expense ratio) options for the bank statements both business and personal. Cash Out to $1,500,000. Additional details below.

          Bank Statement Income Documentation Options

          * 12 Month Personal or Business Bank Statements

          * 24 Month Personal or Business Bank Statements

          * “1099 Only” for Sole Proprietors / Independent Contractors

          * Asset Based Feature for Additional Qualifying Income (Higher LTVs, Higher Loan Amounts)

          Maximum Debt-to-Income Ratios (DTI)

          * 55% to $2,000,000

          * 50% to $2,500,000

          * 43% to $3,000,000

          * 38% to $3,500,000

          Eligible Property Types

          * Single Family Residence (SFR)

          * 2-Unit – $2,500,000 Max Loan Amount

          * 4-Unit – $2,000,000 Max Loan Amount

          Eligible Occupancies

          * Owner-Occupied/Primary Residence

          * Second Home to 85% LTV

          * Non-Owner-Occupied/Investment

          Available Terms

          * 15 Year Fixed – Interest Only Allowed

          * 30 Year Fixed Interest-Only Allowed

          * 40 Year Fixed and Interest-Only Allowed

          Additional Underwriting Highlights

          * Non-Occupant Co-Borrowers – Allowed

          * First Time Buyers OK

          * Non-Permanent Resident Aliens – OK

          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.

          Non-QM Super Jumbo Mortgage Loans

          Non-QM Alt Doc Bank Statement Loans to $10,000,000

          Now you can use your 1099(s) to qualify as additional income/”ability to repay” (ATR)

          Non-QM loans are not subject to stringent guidelines and government regulation, rather, they fall under what is called an Ability to Repay Rule (ATR). We have a plethora of the best QM and Non-QM lenders and loan programs for this very reason, to accommodate individuals by matching you, the borrower with the best possible loan program to suit their specific needs.

          Qualified Mortgages (QM) and Non-Qualified (Non-QM)

          So, at the end of the day, a rule as a whole cannot be quantified like specific government requirements. All loans are manually underwritten affording us the ability to apply intelligent underwriting decisions.

          Lender parameters are designed to help Loan Officers by providing sensible approvals for their borrowers that may otherwise struggle to find the right loan for their particular credit profile. Self-employed and business professionals often have complex financial requirements making alternative loan programs a necessity to gainful, advantageous mortgage credit.

          These types of borrowers often have strengths within their total credit profile such as exceptional credit scores, significant liquid reserves, strong equity position, etc.

          Underwriter Overview:

          * Purpose: Purchase, R/T and Cash Out

          * Maximum Loan Amount – $15,000,000

          * Cash Out to $10,000,000

          Credit Scores and Credit Criteria

          * Minimum Credit Score – 600

          Income Documentation

          * Income – Bank Statements or 1099’s

          * Employment – CPA Letter

          Liquid Reserve Requirements

          6 Months + 6 months for each additional property financed.

          Eligible Occupancies:

          * Owner-Occupied

          * Investment

          * Second Home

          * Land loans

          Available Terms: such as 5-, 7-, and 10-year ARM’s. 125, 20, 30, and 40 years fixed rate with Interest-Only options included. Prepayment penalties available on Non-Owner/Investment

          Eligible Property Types:

          * SFR

          * 1-2 Units

          * 1-4 Units

          Gift Money and seller concessions – OK

          Income Documentation – None | No Ratio

          Reserves – 6 Months not including Cash Out Refinance

          This Alt Doc loan program is for buyers that have extraordinary or unconventional income and documentation including self-employed borrowers and fixed income along with previous credit challenges due to inconsistent employment, foreclosure, bankruptcy, short sale, divorce, and or health issues.

          Non-Prime Value

          This Non-Prime loan program is specifically designed to bridge the gap and resolve the problem that prevents good borrowers from obtaining mortgage credit. Manual underwriting through intelligent guidelines brings forth the opportunity of home ownership to borrowers of all kinds.

          Minimum Mortgage Credit Score – 620

          Loan Purpose:

          * Purchase

          * Rate/Term Refinance

          * Cash Out Refinance

          LTV’s:

          * 75% Maximum for Purchase and Rate and Term

          * Cash Out to 70% LTV

          Occupancies:

          * Owner-Occupied

          * Vacation Homes

          Available Terms:

          * ARM’s – 3 Year, 5 Year

          * Fixed – 15 Year, 20 Year, and 30 Year

          * Interest-Only Available

          * Gift Funds – OK

          * Non-Occupant Co-Borrower – OK

          Loan Scenario Form – Credit Check Not Required

          Available in the Following States:

          Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, 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.

          Non-QM | Non-Prime Loan Programs

          Non-Prime Mortgage Lender Programs and Highlights

          Independent contractor mortgage borrowers can now use their 1099 forms to qualify as additional income, demonstrating their ability to repay. This is particularly beneficial for sole proprietors seeking mortgage approval. By including 1099 income, independent contractors enhance their financial credibility for mortgage lenders.

          5,000,000 Maximum Loan Amount

          ** Now you can use your 1099(s) for to qualify (sole proprietor) as additional income to show more “ability to repay”

          Non-Prime Alt Doc, Lite Doc, No Doc, and No Ratio

          Non-Prime Alt Doc

          • Form 4506-C Not Required
            • 580 Middle Credit Score & * One Day After Foreclosure Finalization Date – OK
              • Credit Score Model 2, 4 or 5
          • Tradeline Requirements. -Call your Loan Officer (800) 718-8906

          Non-Prime – Lite Doc

          • Two Months Bank Statements: 620 Middle Credit Score (model 2, 4 or 5)
            • 90% LTV up to $3,000,000 Maximum Loan Amount
            • One Year Tax Return: 620 Middle Credit Score (model 2, 4 or 5)
              • 90% LTV up to $3,000,000 Maximum Loan Amount
          • VVOE (verbal verification of employment):
            • 640 Middle Credit Score (model 2, 4 or 5)
              • 12 Month Employment Documentation History (4506-C not required)
              • 12 Months Bank Statements: 600 Middle Credit Score (model 2, 4 or 5)
                • 90% LTV to $3,500,000 Maximum Loan Amount
                • 85% LTV up to $4,000,000 Maximum Loan Amount

          ~ Non-Prime – No Doc (Form 4506-C Not Required)

          • Investment Property Programs
            • DSCR (debt service coverage ratio): 620 Middle Credit Score (model 2, 4 or 5)
              • 85%% LTV (rate and term) and 80% LTV (cash out refinance) up to $5,000,000 Maximum Loan Amount
            • Foreign National Investors: Any Credit Score/Credit Score Not Required
              • 80% LTV to $3,500,000
            • Maximum Loan Amount $5,000,000 & Tax Returns Not Required

          ~ Non-Prime No Doc (No Ratio) Programs (Form 4506-C Not Required)

          • No Income Documentation
          • Purchase or Refinance with Cash Out: 740 Middle Credit Score (model 2, 4 or 5) – 70% LTV to $2,500,000 Maximum Loan Amount | Owner Occupied/ Primary Residence
          • Foreign National: 600 Middle Credit Score (model 2, 4 or 5) – 90% LTV to $3,500,000 Maximum Loan Amount | No Tax Returns Not Required | Form No 4506-T Not Required.

          Loan Scenario Form – Credit Check Not Required

          Available in the Following States:

          Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

          Bank Statements Jumbo Mortgage

          3 Months Business Bank Statements or Personal Bank Statements

          Our 3 Month Program is the alternative to 6-month, 12-month and 24-month programs. We also have 1-month and 2-month options for credit scores > 700. Income combinations OK: Co-Borrower W2’s + 30 days most recent paycheck stubs. Asset depletion, etc. Minimum 620 credit score required for First Time Home Buyers to 80% LTV with 640 credit score OK.

          Asset Depletion

          Asset Depletion is also available for borrowers with significant liquid reserves with good to excellent credit. Eligible liquid asset sources: Checking Accounts, Savings Accounts, Stocks, Bonds, Mutual Funds, Certificates of Deposit, Trust Accounts, Retirement, Pending Sale of Real Estate, Money Market, etc.

          Mortgage Origination Technique

          We qualify borrowers using techniques for both income documentation and employment documentation, in order to favorably determine the borrowers’ actual qualifications. The unique 3 month loan program is for any self-employed borrower (including Sole Proprietors) that cannot qualify with the typical full 12 or 24 months of bank statements, for whatever reason. Details below:

          • Self-Employed Income and Employment Documentation
          • 3 Months Bank Statements – 620 FICO
          • Liquid Assets for Asset Depletion (does not require re-location)
          • Profit and Loss Statement Not Required
          • New IRS Form 4506-C (previously 4506-T) Not Required

          Eligible Employment Types

          • Self Employed
          • W2 Wage Earner Co-Borrower
          • Real Estate Investor

          Employment Verification (VOE)

          • Business License or Business Certificate If Applicable
          • CPA Letter or Equivalent Tax Professional
          • Internet Company Listings
          • Etc.

          Loan Amounts and Reserve Requirements

          • $250,000 to $1,500,000 – 6 Months Subject Property PITIA
          • $1,500,000 to $3,000,000 – 12 Months Subject Property PITIA + 3 Months for each additional REO
          • $3,000,000 to $5,000,000 – 24 Months Subject Property PITIA + 6 Months for each additional REO

          Loan Amounts and Cash Out

          • $250,000 – $5,000,000
          • $2,000,000 Maximum Cash Out

          Eligible Occupancies

          • Owner Occupied
          • Owner Occupied and Investment (including Airbnb)
          • Non-Owner Occupied

          Eligible Property Types

          • SFR – Attached and Detached
          • 2 Units
          • 4 Units
          • Condominiums
          • PUD’s

          Credit Event Seasoning Requirement & Credit Scores

          FICO Score 700

          • Housing Event Seasoning: 4+ Years
          • Mortgage/Rent Lates Allowed: One 30-day Lates – Previous 12 Months

          FICO Score 680

          • Housing Event Seasoning: 3+ Years
          • Mortgage/Rent Lates Allowed: Two 30-day Lates – Previous 12 Months

          FICO Score 660

          • Housing Event Seasoning: 2+ Years
          • Recent Mortgage Delinquency: Two 30-day Lates – Previous 12 Months

          FICO Score 640

          • Housing Event Seasoning: 2+ Years
          • Recent Mortgage Delinquency: Two 30-day Lates – Previous 12 Months

          FICO Score 620

          • Housing Event Seasoning: 1+ Years
          • Recent Mortgage Delinquency
          • Recent Mortgage Delinquency: 1 90-day Late 

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

          Non-Prime Super Jumbo – $5,000,000

          Self-Employed Bank Statement Super Jumbo loans

          Borrowers utilize 12 or 24 months of business bank statements to demonstrate their Ability to Repay, eliminating the need for traditional income verification methods and potential headaches.

          By focusing on bank statements to derive an income number for qualifying ratios, we ensure a smoother and more efficient application process.

          Bank Statement Loan Program 640 Credit Score

          Bank statement loan programs offer flexible income documentation options, ideal for self-employed individuals. Borrowers can choose from 12, 24, or 6 months of business bank statements, with the latter allowing for up to 75% loan-to-value (LTV). These programs cater to a range of needs, including first-time home buyers and investors.

          This program is ideal for self-employed borrowers or those with irregular income who have experienced past financial setbacks. By offering lenient credit requirements and streamlined documentation, the non-prime 12-month bank statement loan provides a path to homeownership for individuals looking to rebuild their credit.

          Bank Statement Income Documentation Options:

          * 6 Months Business Bank Statements (75% LTV)

          * 12 Months Business Bank Statements

          * 24 Months Business Bank Statements

          85% LTV Jumbo – 660 Credit Score

          Specifically designed for self-employed entrepreneurs, these loans when done properly or accordingly can smooth out issues early and ultimately simplify the process.

          This approach not only saves time but also reduces the paperwork burden, making it a highly convenient and time efficient option.

          Whether for purchasing a high-value property or refinancing existing debt, our Self-Employed Bank Statement Super Jumbo loan program(s) and qualified Loan Officers can make it quick and easy.

          With our innovative product and service team of mortgage experts, self-employed borrowers can enjoy a hassle-free application, approval, escrow experience.

          12 Month Non-Prime Business Bank Statement Loan(s)

          The non-prime 12-month bank statement loan program offers a flexible option for borrowers with recent credit events. Designed for those who may not qualify for traditional loans, this program requires only 12 months of bank statements for income verification. It accommodates individuals with credit challenges, including a 24-month seasoning for bankruptcy and just 12 months for foreclosure, short sale, or deed in lieu.

          One feature to this bank statement loan program is a 55% debt-to-income (DTI) ratio. 100% gift funds from family members, and rent-free housing history is another one, making non-traditional mortgage financing east to qualify in a difficult loan scenario.

          Investors benefit from the ability to finance unlimited Real Estate Owned (REO) properties, and non-occupant co-borrowers are allowed. Prepayment penalty options are also available, offering added flexibility for those looking to pay off their loans early.

          Program Highlights:

          * 50% DTI Debt-to-Income ratio

          * First Time Home Buyers – OK

          * 100% Gift Funds from Family Member – OK

          * Rent-free housing history OK

          * Prepayment penalty pricing options available

          * Investors: unlimited financed REO Real Estate Owned OK

          * Non-Occupant Co-Borrower – OK

          Required Reserves:

          * 6 Months (PITI/PITIA)

          * 6 months PITI for all REO Real Estate Owned

          Credit Requirements:

          * Housing Event Credit Seasoning:

          * * Bankruptcy – 24 Months

          * * Foreclosure – 24 Months

          * * Short Sale – 24 Months

          * * Deed in Lieu – 24 Months

          Required Credit Scores:

          * 600 Minimum

          * 660 to 80% LTV – $500,000 Cash Out

          * 680 to 90% LTV – $1,500,000

          Credit Criteria: Multiple foreclosures and short sales OK ~

          Credit flexibility is a key highlight of the non-prime 24-month bank statement loan program. Borrowers with multiple foreclosures or short sales are still eligible, making this program accessible to those seeking to rebuild their financial profile while securing significant loan amounts.

          Purpose / Loan-to-Value %:

          * Purchase – 10% Down Payment

          * Rate & Term Refinance – 90% LTV Loan-to-Value

          * Cash Out Refinance – 85% LTV Loan-to-Value

          Eligible Employment Types:

          * Self-Employed Only

          * Sole Proprietor

          * Investor/ Day Trader

          Eligible Property Types:

          * SFR Single Family Residence

          * Condos – Warrantable & Non-Warrantable

          * Condotels

          Eligible Occupancies:

          * Owner-Occupied

          * Non-Owner/Investment

          * Second/Vacation Homes

          Available Terms: ARM: 3, 5 and 7 Year

          * 30-Year Fixed (Interest Only Available)

          * 40 Year Fixed (Interest Only Available)

          Available in the Following States:

          Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nevada, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

          Non-QM Lender – California

          Non-QM Mortgage Broker

          Non-QM lender offering Non-QM loan programs to California self-employed borrowers. California business owners need flexible non-qualified underwriter guidelines with favorable pricing, reasonable terms, and advantageous approval conditions (Conditional Loan Approval | CLA))

          Non-Qualified Mortgage Lender Serving California Business Owners

          Proper service will increase your chances of getting approved for a reasonable mortgage without being required to produce documentation that will almost always eliminate their chances for success in obtaining an effective income documentation self-employed home loan approval.

          Form 4506-T and 4506-C Not Required

          IRS Form 4506-C (previously 4506-T effective 5/1/2021) is a self-employed borrower home loan killer.

          Unconventional income documentation such as Bank Statements, 1099’s and/or liquid Asset Depletion including Asset Distribution as an alternative to business and personal tax returns, P&L’s, etc. Form 4506-C for a W2 co-borrower is required to be signed and lender executed for W2 transcripts only, not tax transcripts regardless of primary self-employed and W2 co-borrower joint filing.

          Alternative Income Documentation

          * 12 Months Personal Bank Statements (with and without 3 months business bank statements)

          * 12 Months Business Bank Statements

          * 12 Months Business Bank Statements

          * 24 Months Personal Bank Statements

          * 24 Months Business Bank Statements

          * Asset Depletion

          * Asset Distribution – Seasoning Not Required

          * Rental Leases with 3 Months Bank Statements (Including Short-Term such as AIRBNB)

          * 1099 Only

          * 1-Year 1040 Plus Schedule E

          * Non-Occupant Co-Borrower 

          Maximum Loan-to-Values “LTV” for Purchase, R/T Refinance and Cash Out Refinance

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

          * Purchase (10% Purchase Down Payment) and Rate & Term Refinance – 90% LTV 

          * Cash Out Refinance – Cash Out for Whatever Purpose (Cash-in-Hand) $2,500,000 Maximum Cash Out

          Maximum Loan Amounts

          * Jumbo to $10,000,000

          * Super Jumbo to $30,000,000

          Eligible Employment Types

          * Self Employed with >25% ownership and Sole Proprietor

          Verification of Self-Employment Employment (VOSE)

          * Business License

          * CPA Letter (“Tax Professional”)

          * Internet Business Listing

          * Sellers License

          Reserve Requirements

          * Subject Property PITIA (Principle, Tax, Hazard Insurance and Association Dues) – 6 Months

          * REO – 6 Months Additional for Each Real Estate Owned

          Eligible Property Types:

          * Single Family Residence (SFR) – Attached

          * Single Family Residence (SFR) – Detached

          * Condos – < 4 Stories

          * Duplex

          * Triplex

          * 4-Unit

          Eligible Occupancies:

          * Primary

          * Owner Occupied/Investment

          * Non-Owner Occupied/Investment

          * Second/Vacation Homes

          Available Terms:

          * ARM’s – 5 Year and 7 Year

          * 30 Year Fixed and 40 Year Fixed

          * Interest Only – 10 years

          Required Credit Criteria/Credit Scores

          * Credit Scores: Tri-Merge Report

          * 660 Middle Credit Score

          “Housing Event” Credit Seasoning

          * Bankruptcy – 3 years required

          * Foreclosure – 3 years required

          * Short Sale – 2 years required

          * Deed in Lieu – 1 year required

          Underwriter Notes:

          * Form 4506-T Not Required

          * First Time Home Buyers – OK

          * Gift Funds from Immediate Family Member – OK

          * Rent-Free Housing History – Not Allowed

          * Prepayment Penalty Options Available

          Investors: Unlimited Financed Real Estate Owned (REO) – OK 

          Available in the Following California Counties:

          Alameda County, Contra Costa County, El Dorado County, Fresno County, Kern County, Kings County, Los Angeles County, Madera County, Marin County, Napa County, Merced County, Monterey County, Orange County, Placer County, Riverside County, Sacramento County, San Bernardino County, San Francisco County, San Joaquin County, San Luis Obispo County, San Mateo County, Santa Barbara County, Santa Clara County, Santa Cruz County, Solano County, Sonoma County, Stanislaus County, Tulare County, Ventura County, and Yolo County.

          Bank Statement Loan for Real Estate Investors

          Real Estate Investor Loan Program

          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.

          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.

          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 Bank Statement Documentation:

          Leases and bank accounts showing at least 4 consecutive months of rent receipt from all qualifying rental property leases. 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 24 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.

          Loan Scenario Form – No Credit Check

          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

          Consolidation, 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 – Self-Employed and Business Owners

          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.

          Loan Scenario Form – No Credit Check

          Guideline Highlights:

          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.

          Credit Scores | Loan-to-Value “LTV” | Loan Amounts & Matrix:

          Purchase and R/T Refinance

          Credit ScoresLoan-to-Value RatioLaon Amount
          72080%$2,000,000
          72075%$3,000,000
          72070%$4,500,000
          72065%$5,000,000
          70080%$2,000,000
          70075%$2,000,000
          70070%$2,000,000
          70080%$1,500,000
          68085%$2,500,000
          68080%$3,000,000
          68075%$3,500,000
          68070%$4,000,000
          64075%$1,500,000
          64070%$2,000,000
          64065%$2,500,000
          64060%$3,000,000
          62070%$1,000,000
          62065%$1,500,000
          62060%$3,000,000
          62055%$3,500,000

          Cash Out Refinance

          Credit ScoresLTVMaximum Loan Amount
          70080%$2,000,000
          70075%$3,000,000
          70070%$4,500,000
          70065%$5,000,000
          68080%$2,000,000
          68075%$2,000,000
          68070%$2,000,000
          66080%$1,500,000
          66075%$2,000,000
          66070%$2,500,000
          66065%$4,000,000
          64075%$1,000,000
          64070%$1,500,000
          64065%$2,000,000
          64060%$2,500,000

          Credit History Requirements and 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 – No Credit Check

          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.

          Non-QM – Stated Expense Ratio

          Non-QM Mortgage Broker | Self-Employed Home Loans

          Alternative Bank Statement Income

          Bank statement lenders apply varying underwriting guidelines for expense percentage ratios, also referred to as an expense rate. This percentage represents the business expenses and functions similarly to calculating net income.

          Qualify for mortgages using bank statements instead of traditional income verification. Ideal for self-employed borrowers.

          Non-Qualified Mortgage Broker

          Specialized in Non-QM loans for unique financial profiles, offering customized mortgage solutions.

          What is a No Doc Loan?

          A No Doc Loan is a financing option that does not require the borrower to provide traditional income verification documents. This includes no need for personal or business tax returns, and no submission of IRS forms 4506-T or 4506-C.

          Other alternative doc Types: Reduced Doc, and Lite Doc Options Available

          -1099 Only | (no p&l, tax returns, schedules, .. )

          -Investor Cash Flow DSCR – 90% LTV to $4,000,000

          -Investor Cash Flow DSCR | 90% LTV to $4,000,000

          -Asset Qualifier | Qualifiable liquid assets / 36 months income

          -Asset Distribution | Supplemental Income

          Business or Personal account OK Including Commingled accounts; Multiple Bank Accounts -OK

          Guideline Highlights:

          ** No Tax Returns

          ** No Business Tax Returns Not Required

          ** Personal Tax Returns Not Required

          ** 4506-T and 4506-C Form Not Required

          Numerous Ways to Calculate Bank Statement Income

          Flexible Self-Employed Stated Expense Ratios down to 20%

          Super Jumbo Loan Amounts to $4,000,000

          ** Maximum Cash Out $750,000. Use Cash Out for Reserves

          * Maximum DTI 50%. Exceptions made to 55% DTI.

          * Maximum LTV 90%

          * Minimum Credit Score 600

          * Eligible Occupancies:

          * Primary

          * Owner Occupied

          * Second Home

          * Non-Owner-Occupied

          * Multi-Unit Investment

          Eligible Title Vesting Options:

          C and S Corps, LLC’s, Partnerships

          Eligible Property Types:

          SFR, Townhome, 1-2 Units, 2-4 Units, Condos, and Non-Warrantable Condos

          Available Terms: 5/1 ARM, 7/1 ARM, 10/1 ARM, 30 Year Fixed with Interest Only

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

          1099 Only Mortgage Loan Programs

          Lite Doc 1099 Only Programs – One-Year Employment History

          Borrower must have at least one year self-employment within the same industry 2 years and a 2-year history as 1099. This works best for borrowers for any Independent Contractor Sole Proprietor like a realtor who has been employed with their broker (or multiple brokers) for > 12 months and < 2 years, for example:

          1099 Only Mortgage Program for Sole Proprietor

          Any industry is fine i.e., insurance sales, Real Estate Agents, Consultants, trades such as Construction. If the borrower has been employed with the same company for between one and two years, the borrower can provide the 2021 1099 and YTD earnings statement (paycheck stub) for 2022; tax returns and Form 4506-C (previously Form 4506-T) not required.

          How Non-QM Lenders Calculate Self-Employed Income?

          We will average 2022 and YTD 2023. We will add 2023 1099 incomes, we can average that dollar amount over the entire year, not from the start date. Unless the borrower does not have a 2020 earnings statement (profit and loss statement, for example), then we can use bank statements for the current year. We are better off just doing a bank statement loan this late in the year.

          Underwriter Guideline Highlights

          Multiple 1099’s each borrower OK

          One-Year History Employment Verification – Reduced Doc

          One-Year Income (Alt Doc) Documentation – Lite Doc

          Current year business income revenue may need to be verified with 1-3 months bank statements or borrower prepared (and unaudited) P&L

          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, 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.

          Debt Service Coverage Ratio Program

          Business Purpose Investor Loan Programs

          Loan programs for homebuyers and homeowners looking to refinance, rate/Term and Cash Out their Single-Family Residence, Condo or Multi-Unit including Investors.

          DSCR Investor Loans support both purchase and cash-out refinancing options. Qualify for up to $10 million with an 85% LTV, a minimum DSCR of 0.85, and a 620 middle credit score. Ideal for real estate investors.

          Debt Service Coverage Ratio – Jumbo Loan

          * 85% LTV Ratio
          * 620 Middle Mortgage Credit Score
          * .85 DSCR Ratio

          Alt Doc – Bank Statement Loans Available

          * 12 Months Bank Statements
          * 24 Months Bank Statements

          Unconventional DTI – 65%

          * 85% LTV
          * 50% DTI
          * 620 Middle Mortgage Credit Score

          Credit Seasoning

          * Foreclosure – 1 Day
          * Short Sale – 1 Day
          * Deed-In-Lieu – 1 Day
          * Bankruptcy – 1 Day

          Title Vesting and Lending

          * Corporations
          * C Corps
          * S Corps
          * Trusts

          Loan Scenario Form – No Cost – No Credit Check

          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.

          Non-QM Jumbo Lender

          Non-Qualified Mortgages and Non-QM Mortgage Brokers

          In an ever-evolving Non-Qualified mortgage market, We continue to expand our products and guidelines Our team of Non-QM Mortgage Brokers is committed to continually enhancing our Non-Qualified Mortgage products and guidelines.

          Non-QM Mortgage Broker – Bank Statement Loan to $5,000,000

          Use Personal and/or Business Bank Statements and No 4506-T or 4506-C. As a leading Non-QM Mortgage Broker, we offer Bank Statement Loans to 90% Loan-to-Value (LTV). With a minimum credit score requirement of 640 for this program and loan amounts available up to $5 million, we provide flexible and accessible financing options.

          Non-QM Lender Benefits

          • Loan-to-Value (LTV) up to 90% (Purchase)
          • Loan-to-Value (LTV) up to 90% (R/T Refinance)
          • Loan-to-Value (LTV) up to 85% (Cash Out Refinance)
          • Minimum Credit Score 640 (80% LTV)
          • Jumbo and Super Jumbo Loan Amounts to $5 million (70% LTV)
          • Maximum Debt-to-Income Ratio (DTI) – Max 55%
          • Available Terms 15-Year Fixed and 30-Year Fixed
          • Eligible Occupancies – Primary, Second Homes, and Investment Properties

          Alt Doc to 55% DTI

          Our maximum debt-to-income (DTI) ratio is set at 55%, ensuring more borrowers can qualify for our Non-QM mortgage products and are available for primary residences, second homes, and investment properties for all property types.

          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.

          Super Jumbo Investor – 30 million

          Super Jumbo Loan Amounts to $30,000,000

          Non-Prime/ Manual Underwrite Super Jumbo

          Common Sense Manual Underwriting and in-house decisions. Final decision with second signature requirement.

          Bank Statement Income Documentation

          * Bank Statements – 12 Months and 24 months

          * Borrower-Prepared Profit and Loss

          Property Types:

          * Single Family Residence

          * 2 Units

          * 1-4 units

          Highlights:

          * Interest Only Available Including Cash Out Refinance

          * Unlimited Cash Out

          * Bridge Financing Available

          * Reverse 1031 Available

          * Cross Collateralization to Leverage Borrowers Investment Properties – 80% LTV

          * DTI > 50%+ OK

          * Gift Funds OK

          * Cash Out Qualifies for Cash Reserves

          * Departing Residence – New Rents Allowed

          * First Time Investors OK – No Landlord Experience Required

          * Vesting In Business Entities OK

          * 6 Months Reserves with No Additional Reserves Required for Additional Real Estate Owned

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

          Bank Statement Loans – 2023

          Bank Statements for all Self-Employed Borrowers

          ** November 2024 Update

          * Purchase, Rate/Term, and Cash Out to $12,000,000

          Key Benefits Bank Statement Mortgages:

          * Personal Account and Business Account(s) Bank Statements

          * “Borrower Prepared” & (unaudited) P&L Only supported by most recent three months Business Bank Statements

          * Additional Sources of Income Can Also be used to Increase Income Potential

          * Asset Depletion accepted to supplement the applicant’s “income” and to support the borrower’s “ability to repay” | Ability-to-Repay rule

          * 1099 Only: Independent Contractors, we can also utilize your 1099 either in conjunction with bank statements and/or asset depletion accounts or in lieu of. Multiple 1099’s, OK

          Bank Statement Help Desk: Income Optimization

          Before Underwriter Submission – Bank Statements will be analyzed for Proper Pre-Qualification and clean pre-underwrite and full underwrite by a qualified loan officer for two specific reasons:

          * Maximize Dollar Amount of Qualifying Income | Buying Power

          * Pre-Underwrite before lender submission so we know what we have and what to expect before taking that step to ensure the right approval and a smooth process in anticipation of correct approval conditions

          Verification of Self-Employment (VOSE)

          * CPA Letter containing company detail criteria

          * Profit and Loss (P&L) Statement – Not Required

          * Form 4506-T – Not Required

          * Form 4506-C – Not Require

          * Etc.

          Jumbo and Super Jumbo Loan Amounts 640 Credit Score

          * Maximum – $12,000,000

          * Maximum Cash Out (in hand for whatever purposes) – $4,000,000

          Eligible Property Types:

          * SFR, 1-4 Units, Warrantable and Non-Warrantable Condominiums

          Eligible Occupancies:

          * Owner-occupied Primary, Owner-Occupied – Investment (borrower resides in one of the units), Non-Owner-Occupied Investment, and Business Purpose

          * Gift Funds OK to 15% with 5% Borrower Contribution

          Loan Scenario Form – Credit Check Not Required

          Available in the Following States:

          Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, 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.

          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 revenue calculated from business or and (industry specific) personal bank statements

          Guideline Features:

          * Maximum loan amount $15,000,000

          * 660 FICO Score

          * Cash-out to 70% LTV

          * Maximum DTI 55% (requires $4000 minimum disposable income)

          * Owner-occupied, Second Homes and Non-owner-occupied and investment properties.

          * Gifts – OK

          * Max Loan Amount $6,000,000

          * Minimum 680 Mortgage Credit Score Required

          * Max 55% DTI (Debt-to-Income) / Interest-only

          * 75% LTV

          * Primary, Second, Investment Homes

          * 1-4 Unit, Planned Urban Development (PUD) and Condos permitted

          * Interest-Only

          * Gifts Permitted

          Available in the Following States:

          Alabama, Arizona, Colorado, California, Delaware, Georgia, Florida, Illinois, Maryland, North Carolina, Oregon, South Carolina, Texas, Virginia, and Washington.

          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 Before it is Sold.

          Occupancies: Primary Residence, Second Homes, and Investment Properties

          Property Types: SFR and 1-4 Units

          Highlights:

          No Tax Returns and No 4506-T Form

          Underwriting Flexibility -Including no requirement for business tax returns.

          Higher DTI Ratios Considered

          Great take-out financing for construction loans, or hard Money for Investors

          Commercial and Income Property Lending

          Interest Only Available

          Vesting: Trust, Sub S Corporations, LLCs, and Partnerships

          Loan Amounts: $500,000 -$30,000,00

          660 Minimum Credit Score

          75% Maximum LTV

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

          Non-Prime True No Doc Loan Program

          Non-Prime – No Income and No Employment

          DTI up to 60% (back-end dti) – total monthly payment sum divided by your total monthly payments (as they appear on your credit report (including REO portfolio). Use minimum payment on credit cards/revolving account) Example, if your monthly payment(s) is $10,000 and your income is $21,000, your back-end DTI (Debt-to-Income ratio) = 47.6%

          Following are a few underwriting guideline highlights:

          • Verification of employment and Income – Not Verified
          • Liquid Assets & Reserves – Not Required
          • 85% LTV Jumbo Financing $6,000,000
          • Super Jumbo Options – $20,000,000 Loan Amounts
          • Bank Statement Income Option Available to 85% LTV Financing

          Favorable Terms, Pricing and Approval Conditions – Asset Depletion – liquid asset statements can almost always be utilized in conjunction for more favorable terms, conditions, and pricing – interest rates, points (0-point options too), etc.

          Major Derogatory Credit “credit event” Seasoning Requirements:

          • Bankruptcy – 3 years
          • Bankruptcy/Foreclosure – 2 years (if not included in a bankruptcy)
          • Short Sale – 2 Years
          • Debt Ratio Very Flexible to 55% DTI
          • Prepayment Penalties Available or More Favorable Rate and/or Pricing

          Available in the Following States:

          Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Mexico, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

          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 experience for us with the Foreign National mortgage loan programs.

          Purpose: Purchase, Cash Out Refinance

          Investment Properties – OK

          Unneeded Income Documentation:

          2 Years tax return and 2 years W-2’s and or 1099’s and schedules

          Alternative Income Documentation:

          12 Months Personal & or both 24 Months Business Bank Statements

          Liquid Assets and Down payment verification: ~ 3 Months Bank Statements

          Acceptable Citizenship Documentation: Passport, ITIN Card; Drivers Licenses

          Gift Funds for Down Payment Allowed – 15% OK

          More information to come as it becomes available.

          More information to come.

          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.

          6 Month Bank Statement Mortgage Programs

          Six Month Bank Statement Loan – 680 Credit Score

          This Six-Month Bank Statement Loan program caters to borrowers with a 680 credit score or higher, designed specifically for those demonstrating substantial income growth in the recent six months. This Non-QM mortgage option provides flexibility for self-employed individuals and business owners who may not qualify through traditional income verification.

          Your Right Fit Mortgage

          This Bank Statement Loan program is ideal for borrowers that have experienced significant revenue growth in the previous six months in contrast to the previous 6-24 months.

          Income Documentation Type: Lite Doc

          6 Months bank statements in lieu of conventional income documentation such as tax returns, schedule P&L Statements, W2s, paystubs, leases, etc.

          Employment Documentation Type: Reduced Doc

          * 12 Month Employment Verification | VOE

          Using “Lite Doc” income documentation, the program assesses recent bank statements to evaluate income, allowing borrowers to present only six months of bank activity to qualify. This streamlined approach bypasses the need for full tax returns or extensive documentation, simplifying the approval process.

          As a specialized Non-QM mortgage lender offering this bank statement loan program, we support borrowers with unique financial profiles, giving them a viable path to homeownership or refinancing based on real, recent income trends.

          Employment Type: Self-Employed

          Verification of Employment (VOE):

          * Business organizational paperwork
          * Business License or Equivalent
          * Sellers License

          Investment Property/Owner-Occupied:

          * Purchase: $3,000,000 – 10% Down Payment – 680 Credit Score
          * Purchase: $2,500,000 – 25% Down Payment – 660 Credit Score
          * Refinance Rate/Term: $2,500,000 – 75% LTV – 660 Credit Score
          * Refinance Cash Out: $2,000,000 – 75% LTV – 640 Credit Score
          * Refinance Cash Out: $1,500,000 – 75% LTV
          * Purchase: $1,000,000 – 30% Down Payment
          * Refinance Rate/Term: $1,000,000 – 70% LTV
          * Second Homes – OK
          * Refinance Cash Out: $5,000,000
          * Debt-Service Coverage Ratio DSCR Loan Programs also available for Non-Owner Occupied only

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Maryland, Massachusetts, Mississippi, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

          Super Jumbo Investor Loan

          Super Jumbo Real Estate Investor Loan Program to $5,000,000

          This investor program was created for seasoned professional Business Purpose Real Estate Investors for most property types without being required to reveal any sort of conventional income documentation or Verification of Employment documentation and is qualified based on Credit Score/FICO and Cash-Flow of Subject Property.

          A key qualification for this type of mortgage is the borrower must own their current primary residence. Exceptions can be made to this guideline if the current primary residence is considerably less in size and quality to the subject property. This loan is a great option for Foreign National Borrowers.

          Income Doc Options:

          Debt-Service Coverage Ratio | DSCR. DSCR calculation is the executed lease amount or “market rent” (Appraisal Form 1007) divided by the total Housing Expense, which is Principle, Interest, Tax, Insurance, and if applicable, Association dues PITIA. Use the Interest-Only payment for this calculation.

          No Ratio: No documentation of any kind

          Verification of Employment (VOE): N/A. No Employment

          Employment Types: N/A

          Reserves Requirements: Reserves Not Required

          Eligible Property Types:

          Single Family Residence – Detached

          Single Family Residence – Attached

          Condominiums

          Townhomes

          Multi-Units

          Eligible Occupancies: Investment Property:

          Eligible Borrowers:

          LLC – OK

          Foreign National – OK

          Credit Criteria:

          “Housing Event” Credit Seasoning: 2 Years

          Bankruptcy – 2 years required: 2 Years

          Foreclosure – 2 Years

          Short Sale – 1 Year

          Deed in Lieu – 1 Year

          Available Terms:

          ARM: 3-, 5- and 7-year

          Fixed:

          30 Year Fixed (Interest Only Available)

          40-Year Fixed (Interest Only Available)

          Underwriting Guidelines

          No Minimum Debt-Service Coverage Ratio – Calculations under 1.00 – OK

          Credit Score Minimum: 660

          Purpose/LTV:

          Purchase: Loan-to-Value – 85% LTV

          Cash-Out Refinance: Loan-to-Value – 80% LTV. Liquid Assets Not Required

          Maximum Loan Amount: $5,000,000. >$5,000,000 on a Case-by-Case Basis 

          Available in the Following States:

          Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Iowa, 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.

          Non-QM Lender Niches

          Lite Doc Mortgage Loan

          Lite Doc refers to a loan program necessitating 1-year full documentation of income and a 2-year work history. This requirement is standard for alternative documentation programs in mortgage lending. Mortgage brokers and loan officers find this requirement beneficial. For individuals with only 1 year of employment and income documentation, a Reduced Doc loan program serves as a solution. This program demands only 1 year of employment, catering to both W2 employees and self-employed individuals.

          Reduced Doc – 1 Year Employment

          1099 Only Lite Doc Income Documentation

          Bank Statement Loan | 660 Credit Score – 90% LTV to $1,500,000

          • 1-Year Income and Employment Verification Documentation, Asset Utilization
          • Form 4506-T and 4506-C is Required – One Year
          • Tax Return is Required – One Year for Lite Doc

          Minimum Credit Scores:

          • 600 Minimum Score for the Primary Income Earner
          • 580 Minimum Co-Borrower

          Portfolio Non-QM Lender Guidelines & Highlights

          Simplifying Non-QM Underwriting and process by defaulting to our core Non-QM guidelines and interpretation of the Ability to Repay rule. We can expedite and close your loan with minimal conditions and fast closing.

          Underwriter Niche Guidelines:

          • VOR (Verification of Rent) Not Required
          • No Credit LOE’s (Letter of Explanation) for previous addresses, work history, recent credit inquiries
          • Reserves not required on Primary Residence
          • No Liquid Assets Requirement for either a Rate and Term Refinances but also, Cash-Out refinance
          • No Residual Income requirements
          • Six Months Title Seasoning on Market Value Cash-Out Refinance
          • First Time Homebuyers qualify the same
          • 100% Gift Funds with 5% Borrower Contribution
          • 55% DTI (debt-to-income) Ratio
          • Cash-Out Available
          • Fixed-Rate Interest-Only Terms Available
          • Prepayment Options Available

          Available in the Following States:

          Alabama, California, Florida, Georgia, Hawaii, Illinois, Maryland, Nevada, New Jersey, North Carolina, Oregon, South Carolina, Tennesse, Texas, Utah, Virginia, and Washington.

          DSCR .75% Jumbo Mortgage

          DSCR Debt Service Coverage Ratio Loan Program

          Debt Service Coverage Ratio Loan Program Guidelines and Requirements

          Experienced Real Estate Investors – 25 Financed Properties – OK

          Most investor loan programs will max the borrower/investor at 10 financed properties. However, on this program, you, at minimum, must own their current primary residence.

          Jumbo $10,000,000 Maximum Loan Amount

          DSCR% Ratio and Loan Amounts

          * .75% to $3,000,000

          * 1% to $5,000,000

          * 1.25% to $7,500,000

          * 1.5% to $10,000,000

          Verification of Employment VOE: None – No Tax Returns or 4506-T Form Tax Transcripts

          * Income and Employment

          * Verification of Employment (VOE) Documentation: None Required

          * Verification of Personal Income (VOPI) Documentation: None Required

          * No DTI Calculated. All Rental Income Based

          * No Tax Returns and No Form 4506-T or Form 4506-C for Tax Transcripts

          Credit Score – 600

          No DTI Calculated. All Rental Income Based

          Cash-in-hand $1M for Business Purposes

          Clean Credit Previous 24 Months

          700 Credit Score:

          * 80% LTV – $2,000,000

          * 75% LTV – $2,500,000

          660 Credit Score:

          * 80% LTV – $1,500,000

          * 75% LTV – $2,000,000

          * 70% LTV – $2,500,000

          620 Credit Score:

          * 80% LTV – $1,250,000

          * 70% LTV – $1,500,000

          * 65% LTV – $2,000,000

          600 Credit Score:

          * 70% LTV – $1,250,000

          * 60% LTV – $1,500,000

          Cash Out Available

          700 Credit Score:

          * 80% LTV – $1,500,000

          * 70% LTV – $2,000,000

          660 Credit Score:

          * 80% LTV – $1,250,000

          * 75% LTV – $1,500,000

          * 65% LTV – $2,000,000

          620 Credit Score:

          * 70% LTV – $1,250,000

          * 60% LTV – $1,500,000

          * 50% LTV – $2,000,000

          Available Terms:

          * Fixed 30

          * ARM’s 5/1, 7/1, 10/1

          * Interest-Only Payment Available (40 Year Fixed Rate – with Interest-Only Option with 700 Middle Credit Score)

          * Inherited Properties: OK. Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out “Using Market Value”

          * Delayed Financing: Not Allowed

          Eligible Property Types & Occupancies: Primary Residence, Second Homes – SFR Only, Non-Owner-Occupied / Investment – SFR Only. Non-Warrantable Condos and Condotels OK

          Eligible Borrowers: Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK

          Power of Attorney: OK for Purchase and Rate and Term Refinance

          Vesting: Corp and LLC OK

          Gaps in Employment – Not Allowed Over 60 Days Without Official Employment Offer Letter

          Non-Occupant Co-Borrowers: OK

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

          Bank Statement Mortgage to $10,000,000

          Jumbo and Super Jumbo Bank Statement Mortgage

          Self-Employed borrowers qualify for jumbo and super jumbo alternative income loans up to $10,000,000 with bank statement income documentation.

          Self-Employed Home Loan Options:

          Secure financing tailored for self-employed borrowers. Qualify with alternative income documentation, ideal for those without traditional income documentation.

          4 Bank Statement Loan Options:

          1. 12-Months Business Bank Statements – Expense Factor Percentage – Underwriter Discretion Per Business Profile Description Summary
          2. 24-Months Business Bank Statements – Expense Factor Percentage – Underwriter Discretion Per Business Profile Description Summary
          3. 12-Months Personal Bank Statements – Expense Factor Percentage – N/A, 0% (100% deposit utilization)
          4. 24-Months Personal Bank Statements Expense Factor Percentage – N/A, 0% (100% deposit utilization)

          Asset Depletion Utilization

          Supplement income with Asset Depletion as an additional or stand alone source of income

          Flexible Interest Only and 40 Year Loan Terms

          Choose from 10-year interest-only periods with 30- and 40-year fixed-rate options, tailored for Non-QM mortgage needs.

          Available Fixed Rate Terms:

          * 30 Year Fixed/ 30 Year Amortization

          * 40 Year Fixed/ 30 Year Amortization

          * 40 Year Fixed/, 10 Year Interest-Only Period Rolls into 30 Year Fixed/ 30 Year Amortization

          Super Jumbo Loan Amounts/ Credit Score/ Loan to Value:

          Loan AmountCredit ScoreLoan to Value
          $10,000,00074085% LTV
          $10,000,00072080% LTV
          $10,000,00070075% LTV
          $10,000,00068070% LTV
          $10,000,00066065% LTV

          DTI & Disposable Income

          • Debt to Income/ Disposable Income Requirements
            • 43% DTI with $3000/month
            • 50% DTI with $3500/month
            • 55% DTI with $4000/month

          Eligible Property Types:

          Single Family Residence (Attached and Detached) * Condo <4 stories * Non-Warrantable Condo * 2-4 Unit

          Eligible Occupancies:

          Owner-Occupied, Non-Owner-Occupied, Second Home

          Underwriting Notes:

          * Housing Payment History – 0 Lates – Previous Two Years
          * Occupancy: Primary Residence – 580 Middle Credit Score
          * Investment Property – 630 Middle Credit Score
          * ITIN or Foreign National Not Allowed
          * 15% Gift Funds Allowed on Primary Residence w 5% Borrower Contribution

          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, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.

          12 Month Bank Statement Loan + VOE Alt Doc

          Self-Employed Home Loan 600 Credit Score

          Self-employed borrowers can qualify for an extensive line of alt doc home loans.

          12 Months Bank Statements – 90% LTV – 680 Credit Score

          With only one year of employment verification and 12 months of bank statements, allowing up to 90% loan-to-value (LTV) with Non-Prime 620 credit scores eligible at lower LTVs.

          Super Jumbo Loan Amount Cash Out – $15,000,000

          This lender also offers a super jumbo cash out refinance loan ($3,000,000 cash-in-hand). with alternative income documentation with loan amounts up to $15,000,000. This provides a flexible financing option for high-value properties and large loan amounts.

          Cash Out LTVs and Credit Scores:

          • 90% LTV – 700 Credit Score – $4,000,000
          • 90% LTV – 680 Credit Score – $3,000,000
          • 80% LTV – 660 Credit Score – $2,500,000
          • 75% LTV – 640 Credit Score – $2,000,000
          • 70% LTV – 620 Credit Score – $1,500,000
          • 70% LTV – 620 Credit Score – $1,000,000

          Self-Employment Verification of Employment Options:

          • Article of Incorporation/ Operating Agreement
          • CPA Letter or any Licensed Tax Professional
          • Internet Listing
          • Business License
          • Operating Agreement

          12 and/or 24 Months Personal Bank Statement with Asset Depletion

          Alternative Income Doc Options:

          • 12 Months Personal Bank Statements
          • 12 Months Business Bank Statements with 3 Months Business Bank Statements
          • Profit and Loss Statement: Borrower Prepared and Unaudited
          • Asset Depletion – in conjunction and or stand alone income source

          Available Terms:

          • ARM 5/1
          • ARM 7/1
          • ARM 5/1 / 10 Year Interest Only rolls into 30 Year Fixed Market Price
          • ARM 7/1 / 10 Year Interest Only rolls into 30 Year Fixed Market Price

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

          Condo Mortgage 90% LTV Jumbo

          Condo Mortgage Program 90% LTV to $2,500,000

          Purpose: Purchase, Refinance Cash Out

          80% LTV – $4,000,000 – 740 Credit Score

          80% LTV – $3,500,000 – 720 Credit Score

          90% LTV – $2,500,000 – 700 Credit Score

          90% LTV – $1,500,000 – 680 Credit Score

          90% LTV – $3,000,000 – 700 Credit Score

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

          85% LTV – $1,500,000 – 640 Credit Score

          Verbal Verification of Employment Options Available (V V O E)

          First Time-Home-Buyer OK – 2 Million Maximum Loan Amount

          40 Year Fixed Rate – Interest-Only Option with 660 Middle Credit Score

          Expanded Guidelines Options for Non-Traditional Condominium Property Types* Inherited Properties – OK. Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out “Using Market Value”

          Delayed Financing – OK

          Eligible Property Types & Occupancies: Primary Residence, Second Homes – SFR Only, Non-Owner-Occupied / Investment – SFR Only. Non-Warrantable Condos and Condotels OK

          Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK

          Power of Attorney OK for Purchase and Rate and Term Refinance

          Non-Occupant Co-Borrowers OK

          Vesting LLC OK

          Gaps in Employment OK Case-by-Case

          Available in the Following States:

          Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

          No Ratio Investor Loan Jumbo

          DSRC Investor Loan Program

          Jumbo and Super Jumbo to $2,500,000 and Super Jumbo to $5,000,000

          Purchase & Rate/Term Refinance:

          * 740 Credit Score | 90% LTV to $5,000,000
          * 720 Credit Score | 90% LTV to $4,000,000
          * 700 Credit Score | 85% LTV to $3,500,000
          * 680 Credit Score | 85% LTV to $3,000,000
          * 660 Credit Score | 80% LTV to $2,500,000
          * 640 Credit Score | 75% LTV to $2,000,000
          * 640 Credit Score | 75% LTV to $1,500,000
          * 620 Credit Score | 70% LTV to $1,500,000

          Refinance Cash Out:

          * 740 Credit Score | 95% LTV to $3,000,000
          * 720 Credit Score | 90% LTV to $3,000,000
          * 700 Credit Score | 85% LTV to $3,000,000
          * 680 Credit Score | 75% LTV to $3,000,000
          * 660 Credit Score | 70% LTV to $3,000,000
          * 640 Credit Score | 65% LTV to $3,000,000

          Loan Amounts: $5,000,000 – 760 Middle Mortgage Credit Score

          Employment Verification: N/A – 4506-C Form Not Required

          Income Documentation N/A

          Employment Verification Documentation – VOE: N/A

          Liquid assets can be used for Additional Income

          DTI: N/A

          Property Types:

          * SFR, 2 Unit, 4 Unit

          Occupancy:

          * Non-Owner Occupied

          * Investment properties

          Credit:

          Credit Scores: 620

          Credit Seasoning:

          2 Tradelines, one with a 24 Month History and One with 12 Month History or 3 Tradelines, all with a minimum of 12 Months History

          Available in the Following States:

          Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

          Stand-Alone Second Mortgage

          Second Mortgage Bank Statement Loan

          Loan Purpose: Purpose: Second Mortgage/ Cash Out/ Debt Consolidation (cash out can be used to meet reserve requirement)

          Alternative Self-Employed Income Documentation:

          * 12 Months Personal Account Bank Statements

          * 24 Months Business Account Bank Statements

          * Debt-to-Income Ratio to 55% ~

          2 Months Most Recent Consecutive Bank Statements – Liquid Assets can be used for Additional Asset Depletion Income

          Reserve Requirement:

          3 Months PITIA for Subject Property + 6 Months for each financed REO

          This product is ideal for the borrower that wants to protect their low-interest rate first mortgage and would prefer a lump sum (from their equity) upfront.

          Jumbo Loan Amounts: $750,000

          This Second Trust Deed Program gives the borrower the entire loan amount at once, for them to disperse as necessary and is not a Home Equity Line of Credit (HELOC), where the borrower is using their equity for a HELOC credit line.

          Credit Score & Credit Criteria

          * Minimum Credit Score: 620
          * Collection and Judgement equaling $300 or more must be paid off
          * Any negative tradelines greater than 7 years need not be counted in DTI

          Credit Score | Max Loan Amount | Loan-to-Value

          * 700 Credit Score | $500,000 to 85% LTV
          * 680 Credit Score | $500,000 to 80% LTV
          * 660 Credit Score | $500,000 to 75% LTV
          * 640 Credit Score | $350,000 to 75% LTV
          * 620 Credit Score | $250,000 to 70% LTV

          Eligible Business Entities:

          * C Corporation
          * S Corporation
          * LLC
          * Trust

          Eligible Occupancies:

          * Owner-Occupied/ Primary
          * Non-Owner-Occupied/Investment Properties

          Eligible Property Types:

          * Single Family Residence – Attached
          * Single Family Residence – Detached
          * 1-2 Unit
          * 3-4 Unit

          Except for the first mortgage, all outstanding title liens must be paid prior to closing.

          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.

          Non-Prime Lite Doc and Reduced Doc

          Lite Doc and Reduced Doc Options:

          * Lite Doc – 12-Month Income Documentation

          Our alt doc mortgage loan program includes a Lite Doc option designed for borrowers who prefer simplified income documentation. This program allows qualification with just the previous 12 months of income records, offering two convenient paths: One year of W-2 forms paired with 30 days of paycheck stubs, or one year of tax returns combined with a year-to-date profit and loss statement (using the 4506-C form). This flexible approach is ideal for those who need a streamlined process to secure financing.

          * Reduced Doc – 12-Month Employment Documentation

          The Reduced Doc option in our alternative documentation mortgage loan program is ideal for borrowers who require less intensive documentation, while still maintaining a clear and verifiable record of their income and employment over the last 12 months.

          The eligibility criteria for an alt doc mortgage loan program with a Lite Doc option typically include the following:

          1. Income Documentation:
            • One year of W-2 forms plus 30 days of recent paycheck stubs, or
            • One year of tax returns along with a year-to-date Profit and Loss (P&L) statement.
          2. Credit Score:
            • Minimum credit score requirements vary by lender but generally range from 600 to 680 or higher.
          3. Loan-to-Value (LTV) Ratio:
            • LTV ratios depend on the loan amount, property type, and borrower profile. Typically, higher LTVs are available for borrowers with better credit scores and lower debt-to-income ratios.
          4. Employment History:
            • A stable employment history is usually required, with at least two years in the same industry or job.
          5. Debt-to-Income (DTI) Ratio:
            • Lenders assess the borrower’s DTI ratio, with lower ratios improving eligibility.
          6. Property Type:
            • The program may be available for various property types, including primary residences, second homes, and investment properties.
          7. Residency Status:
            • Available to U.S. citizens, permanent residents, and, in some cases, foreign nationals with valid documentation.

          These criteria may vary based on the lender’s specific requirements and the borrower’s unique financial profile.

          As an alternative to the standard two years of income documentation, you have two options: either provide one-year W2 alongside 30 days of paycheck stubs year to date (YTD) or submit one year tax returns along with a year-to-date Profit and Loss (P&L) statement.

          One Year Verification of Employment: | VOE:

          Our alternative documentation mortgage loan program offers a Reduced Doc option, providing a simplified process for verifying employment for the previous 12 months. This program is designed for borrowers who prefer to meet minimum necessary requirements for an easy and clean mortgage approval.

          Wage Earner Verification of Employment Options:

          * Written (WVOE) and Verbal (VVOE) Verification

          * * Written Verification of Employment / WVOE signed by the owner or direct supervisor.

          * * Verbal Verification of Employment / VVOE

          For wage earners, the program allows for various Verification of Employment (VOE) options. Borrowers can submit a Written Verification of Employment (WVOE) signed by the owner or direct supervisor, or opt for a Verbal Verification of Employment (VVOE), making the process flexible and accommodating.

          Eligible Self-Employment Verification of Employment Options:

          * Operating Agreement

          * K1

          * “CPA Letter” Provided by a Tax Professional such as a CPA, EA, etc.

          * Internet Listing

          You can provide an Operating Agreement, a “CPA Letter” from a tax professional such as a CPA or EA, or even an Internet Listing that confirms the existence and operation of their business. These options offer the flexibility needed for self-employed individuals to qualify for a mortgage.

          Available Terms:

          * 40 Year Fixed – with or without 10-Year Interest Only

          * 30 Year Fixed – with or without 10-Year Interest Only

          * ARMs – 5/1,7/1, 10/1

          Borrower Residency Status: Available to U.S. citizens, permanent residents, and, in some cases, foreign nationals with valid documentation.

          Credit Requirements:

          * 3 open and active tradelines with a minimum 1-year history or 2 open and active tradelines with a minimum 2-year history

          * 620 Minimum Credit Score. 640 Credit Score – 55% Debt-to-Income Ratio (DTI) OK

          Major Derogatory Credit Requires Only 2 Years Seasoning

          * Housing Payment History 1 30-Day Mortgage or Rent

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.

          24 Months Business & Personal Commingle Accounts

          Niche Multiple Bank Account Statement Mortgage

          Business and Personal Bank Accounts

          If it is your bank statements that are holding you back from an approval, this could be the solution loan program for you.

          “Borrower Prepared” Profit and Loss Statement | P&L

          In Lieu of your tax returns, the Borrower Prepared Profit and Loss is used in conjunction with this specific loan program; 100% of your Business and Personal, intermingled Accounts along with and unaudited, Borrower Prepared Profit and Loss Statement to help you qualify for an Alt Doc Bank Statement mortgage loan.

          Non-Prime Bank Statement Loan – 580 Credit Score to 85% LTV

          How Can I Qualify?

          Qualification is based on a 24-month average of all net deposits, business deductions not subtracted; making it a little easier for a self-employed borrower to qualify for a bank statement mortgage home loan.

          Purchase Loan | Single Family Residence – Owner-Occupied:

          580 Credit Score640 Credit Score660 Credit Score
          90% LTV – $1,000,00085% LTV – $2,000,00080% LTV – $2,000,000
          85% LTV – $1,500,00080% LTV – $2,500,000 75% LTV – $2,500,000
          80% LTV – $2,000,00075% LTV – $3,000,00070% LTV – $3,000,000
          70% LTV – $2,500,00070% LTV – $3,500,00070% LTV – $3,000,000

          Refinance Cash Out Loan | Single Family Residence – Owner-Occupied:

          580 Credit Score640 Credit Score660 Credit Score680 Credit Score
          80% LTV – $1,000,00085% LTV – $1,000,00085% LTV – $1,500,00080% LTV – $2,500,000
          75% LTV – $1,500,00080% LTV – $1,500,00080% LTV – $2,500,00075% LTV – $3,500,000
          70% LTV – $2,000,00075% LTV – $2,500,00075% LTV – $3,000,00070% LTV – $4,000,000

          Eligible Occupancies: Owner-Occupied & Second Home

          Eligible Property Types: Single Family Residence, Condo, Duplex, 4 Unit

          Eligible Liquid Assets: Stocks + Bonds + Retirement Vested** + Money Market Funds + Trust Accounts + Interest/Dividends

          Required Credit Criteria:

          Housing Payment History – Mortgage / Rent – No 90-day Lates in the Previous Year. Minimum Tradeline Requirements: 3 Tradelines – 1 Year History, or 2 Tradelines – 2 Year History

          Housing Event Seasoning: Chapter 13 – Discharged – 1 Day | Chapter 13 – Dismissed – 1 Day | Chapter 7 – Discharged – 1 Day | Foreclosure – 1 Day | Short Sale & DIL – 1 Day 

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Maine, Maryland, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

          Non-Prime Jumbo 95% LTV

          Super Jumbo Non-Prime Alt Doc – $10,000,000

          Documentation: Bank Statements from 600+ FICO to 90% LTV

          Full Income Documentation to 90% LTV | Tax Returns, W2s Profit & Loss statements, leases, Awards Letters, sourcing funds Ford down payment closing cost reserve requirements.

          Liquid Assets: 12 months reserves for subject property + 6 months for each additional property owned.

          Eligible Occupancies: Primary Residence Only

          Interest-Only Options to 80% LTV

          Wage Earner Income Documentation: 2 Years W2’s but Not Tax Returns

          Credit Notes:

          1 day out of Chapter 7 Bankruptcy Seasoning from 580+ FICO

          Unlimited Consumer Lates OK

          SFR/Condos/Townhomes/Multi-Units

          Unlimited 30-Day Lates to $2 Million

          Second Homes to $2 Million

          Unlimited Cash Back When Property Owned Free & Clear OR Under 50%

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

          One Year Tax Returns to 90% LTV

          Reduced Doc | 12 Months

          Reduced Income Documentation and Reduced Employment Verification Documentation

          We can help new business owners or self-employed borrowers who experienced a greater amount of income last year compared to the previous year. This loan program is ideal for self-employed borrowers because income tax write-offs reduce the amount of revenue that the underwriter can consider and self-employed borrowers need to prove employment and income stability, usually back two years.

          Verification of Employment (VOE)

          * Employment and Income Doc Reduced from 24 Months to 12 Months Tax Return or 1 Year W2
          * Use only 1 year Tax Return to get the approval you need for your next home purchase or refinance, First. Time Homebuyers (FTHB) included.

          Employment Highlights

          * Self-Employed and/or W2 Wage Earner
          * Full Doc loan, average the preceding 2 years. With this program, you have the flexibility to utilize last year only to avoid a lower two-year average.
          * Interest Only Available to 85%

          LTV /Loan Amount, and Credit Score

          * 90% to $2000000 – 680 FICO
          * 85% to $2500000 – 680 FICO
          * 80% to $3500000 – 660 FICO

          Eligible Property Types /LTV

          * Single Family Residence (SFR) – 90%
          * Condo – Warrantable & Non-Warrantable – 85%
          * Duplex – 85% LTV
          * Townhome / Townhouse
          * 2-Unit – 85% LTV
          * 3-Unit – 80% LTV
          * 4 Unit – 75% LTV

          Eligible Occupancies

          * Primary
          * Second Home
          * Investment Properties – 80%
          * Cash Out or 85% Purchase / Rate & Term

          Credit Highlights

          * Minimum Credit Score: 640
          * Chapter 13 Bankruptcy Seasoning – 12 Months Discharged
          * Chapter 7 Bankruptcy – Seasoning – 24 Months Discharged
          * Foreclosure – Two Years Discharged
          * Short Sale – Two Years Discharged
          * Loan Modification – Two Years Discharged
          * Housing History: One 30-Day Late in Previous 12 Months

          Credit Criteria and Notes:

          * Two open tradelines With a Minimum of 2-Year History for the Primary Borrower. Unacceptable
          * Tradeline Types Include Authorized User Account Deferred Payment School Accounts

          General Guideline Highlights

          * First Time Home Buyer – OK
          * Gift Funds – OK

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

          Second Mortgage Bank Statement Loan

          Second Mortgage Bank Statement Mortgage Program

          This program is ideal for the borrower that wants to protect their low-interest rate first mortgage and would prefer a lump sum (from their equity) upfront.

          Stand-Alone Second Mortgage Program – 55% Debt-to-Income (DTI)

          This Second Trust Deed Program gives the borrower the entire loan amount at once, for them to disperse as necessary and is not a Home Equity Line of Credit (HELOC), where the borrower is using their equity through the use of their HELOC credit line. It depends on the financial need of the borrower.

          Max Loan Amount: $50,00 | Debt-to-Income Ratio – 55%

          Acceptable Employment Types

          Self-Employed

          Business Owner

          1099 Independent Contractors

          Acceptable Income Documentation

          12 or 24 Months Business Bank Statements

          12 or 24 Months Personal Bank Statements

          Acceptable Employment Verification Documentation

          Business License

          Articles of Incorporation

          Certification

          CPA/Tax Preparer Letter

          Eligible Business Entities:

          Corp

          LLC

          Sole Proprietor

          Purpose – Second Mortgage:

          720 Credit Score

          85% CLTV to $400,000

          80% CLTV to $500,000

          75% CLTV to $750,000

          700 Credit Score

          85% CLTV to $300,000

          80% CLTV to $400,000

          75% CLTV to $750,000

          680 Credit Score

          80% CLTV to $400,000

          75% CLTV to $500,000

          70% CLTV to $600,000

          660 Credit Score

          80% CLTV to $300,000

          75% CLTV to $400,000

          70% CLTV to $500,000

          640 Credit Score

          75% CLTV to $300,000

          70% CLTV to $400,000

          65% CLTV to $500,000

          Property Types:

          SFR

          2 Unit

          4 Unit

          Eligible Occupancies:

          Owner-Occupied

          Non-Owner-Occupied Investment Properties

          Credit Criteria:

          Collection and Judge equaling $300 or more must be paid off. Medical collections need not be paid. Any negative tradelines greater than 7 years need not be counted. Except for the first mortgage, all outstanding title liens must be paid prior to closing.

          Loan Scenario Form – Credit Check Not Required ~

          Available in the Following States:

          Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

          Private Money 70% LTV

          Soft Money Mortgage Program

          Exceptions made to 75% LTV for qualifying counties in the state of California. This means that the pricing is less than the traditional Hard Money type loan program.

          Alt Doc Income Documentation referred to as a No Doc or Business Purpose for Non-Owner Occupied and Business Purpose for Owner-Occupied for Purchase, R&T Refinance and Cash Out Refinance.

          No Doc Jumbo and No Doc Super Jumbo

          LTV: 70% – Maximum

          Loan Amounts:

          * Minimum – $250,000

          * Maximum – $40,000,000

          Property Types:

          * Single Family Residence – Attached (SFR)

          * Single Family Residence – Detached (SFR)

          * Residential and Commercial

          * 1-2 Units

          * 1-4 Units

          * 5+ Units

          Eligible Occupancies

          * Owner-Occupied/Primary

          * Non-Owner Occupied

          Terms Available

          * 1 year ARM

          * 3 Year ARM

          * 5-year ARM

          * Interest Only Payment Terms Available

          Underwriting Notes

          * Must have a valid social security number

          * Foreign Nationals allowed

          * Refinance and Interest Only OK to 65% LTV

          Appraisal Requirements

          * Appraisal paid for up front by borrower upon loan approval

          * Appraisal ordered by the lender

          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.

          Investor Loan – No Doc

          Nationwide Private Mortgage Lender

          This is a Private Money lender that has funded thousands of loans nationwide, and makes all decisions in-house with over $200,000,000 to lend. Over 25 years of real estate investing experience; they know how to underwrite a loan.

          They also offer 3-year terms for borrowers with longer-term projects as well as traditional bridge funding. An investor can close in a natural person’s name or business entity.

          No Income No Asset Verification – Forms 4506-T and 4506-C Not Required

          This is a true No Doc hard/soft money lender with national reach. No Income. No-Assets. No Employment. And now we dance. Closing’s average 10 to 15 business days from application.

          Eligible Property Types:

          Single Family Residences up to 1-4 units.

          Loan Purpose

          Purchase
          Cash out refinance – 30 days Seasoning Required

          Income & Employment Documentation: None

          Employment Status: N/A
          Employment Type: None
          Employment Documentation: None

          Credit Scores

          Minimum 580
          No Credit Score OK
          Pricing is Credit Score driven

          Credit Scores and Hard Money

          Credit scores down to 580 or no score ok. Foreign Nationals also qualify. An investor can utilize this loan program for either a purchase or refinance. 30-day seasoning for cash out using new appraised value.

          Credit Criteria

          Bankruptcy – OK
          Foreclosure – OK
          Short Sale – OK
          Loan Modification OK

          Loan Amounts:

          Minimum Loan Amount: $250,000
          Maximum Loan Amount: $5,000,000
          Greater than $5,000,000 on a Case-by-Case basis

          Maximum LTV

          70% LTV guidelines are based on the After-Repair-Value (ARV)

          Property Types:

          SFR Single Family Residence
          1-2 Units
          1-4 Units

          Loan Program Guideline Overview and Highlights:

          No Prepayment Penalties

          Information on “C” Property Rating:

          * Foreign Nationals – OK

          Unique mortgage loan program designed for the Residential Real Estate Investor

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

          540 061715 21-9-19

          Self Employed 1099 Only and Bank Statement Home Loans

          Non-Prime Alt Doc Self-Employed Program

          Non-Prime mortgages are not only for challenged credit borrowers, but also good and excellent credit borrowers that require a higher risk and more aggressive loan program; 95% LTV Cash Out refinance would be one example.

          Non-Prime Loan Program Highlights:

          * Available for Purchase and Rate/Term or Cash Out refinance. Maximum Cash Out $1,500,000.
          * Third party CPA Letter – The “CPA letter” does not need to be the same CPA that filled your taxes. Any (CPA) or Enrolled Agent (EA) – OK!
          * Applicable Industry License – License Regulator
          * License Bureau or equivalent
          * Business Registration Certificate
          * Business Tax Certificate
          * Industry Buyer License
          * Blacked Out Schedule C
          * Internet Listing

          Verification of Employment | VOE

          ** Wage-Earner Employment Verification

          Verbal Verification of Employment (VVOE) – Super simple and fast. A phone call is placed by the lender to your HR department or equivalent manager.

          ** Written Verification of Employment (WVOE)

          Standard VOE Form to be completed by your pay-roll department manager, HR department manager or equivalent dated no more than 10 business days before the close date.

          Acceptable Types of Employment:

          * Self Employed (=>25%)
          * W-2 Wage Earner
          * 1099 Sole Proprietor

          Acceptable Income Documentation:

          * W-2 Wage Earner
          * 12 months Bank Statements
          * 1099 Only
          * Conventional – W-2 and paystub for wage earners

          Required Credit Criteria

          • * Mortgage History – 1 30-Day late previous 12 months
          • * Bankruptcy Seasoning: – 1 Day
          • * Foreclosure Seasoning – 1 Day
          • * Credit Scores: 580 Minimum
          • * Loan to Value ratio (LTV): 80%
          • * Debt to Income Ratio (DTI): 50%
          • * Maximum Loan Amount: $2,500,000
          • * Property Types: Single Family Residence (SFR), 1-2 Units, 2-4 Units
          • * Occupancies: Owner Occupied / Primary, Investment
          • * Terms: 30-Year Fixed, 15-Year Fixed, 7 Year ARM
          • * No Prepayment Penalty

          Available in the Following States:

          Arizona, Colorado, California, Florida, Georgia, Illinois, Indiana, Maine, Pennsylvania, Tennessee, Texas, Utah, and Washington

          Reference# 535 06131519-16-12-16

          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 Loan, Bridge Loan, and Construction.

          Foreclosure Bailout Exceptions

          We can bail you out of any “housing event”, Short Sale, Foreclosure, Bankruptcy, Notice of Default (NOD), Notice of Sale (NOS).

          Maximum LTV: 80%. (85% on exception)

          This hard money residential loan features an extremely high loan-to-value (LTV) ratio of 80%. Most hard money lenders max out at 70%, sometimes 75%. So, 80% is significant and speaks to the aggressive nature of this hard money lender.

          Below you can see the unique underwriting guideline highlights specific to this loan program.

          Form 4506-T Not Required (Federal Tax Transcripts)

          Maximum Loan Amount: $12,000,000. Exceptions can be made to $25,000,000.

          Exceptions Made to $20,000,000

          Purpose Transactions
          *
          Purchase
          * Refinance: Rate/Term and Cash Out
          * Blanket
          * Bridge
          * Fix and Flip
          * Occupancy: Non-Owner Occupied Only

          Available Terms
          * 12 Months
          * 18 Months
          * 24 Months
          * Interest-Only

          Eligible Property Types:|
          * Single Family Residence (SFR) – Detached
          * Single Family Residence (SFR) – Attached
          * 1-4 Units
          * 2-4 Unit
          * Condos and Non-Warrantable Condos
          * Condotels to 65% LTV
          * Townhomes
          * Manufactured Homes
          * Mixed Use Properties
          * Unconventional Property Types
          * Dome Homes
          * Modern Style
          * Historical
          * Log Homes

          Available in the Following States:

          Arizona, Alabama, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maine, Maryland, Mississippi, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Washington.

          Reference# – 55214

          Inherited Property Loan Program

          Inherited Property Financing 80% Loan-to-Value (LTV)

          This loan program is for people that have lost a family member and would like to keep the home.

          Purpose: Purchase, Refinance Rate & Term R&T, Refinance – Cash Out

          This is a manual underwrite program

          Same day approval

          Fund within 2 weeks

          Maximum LTV – 80%

          Future value can be used for LTV qualifying purposes

          Underwriting Notes:

          Credit:

          This is not a credit or credit score driven loan

          No minimum credit score required

          Major credit events

          Bankruptcy – OK

          Foreclosure – OK

          Short Sale – OK

          Deferred Maintenance – OK

          Debt Consolidation – OK

          Debt-to-Income (DTI): 50% Maximum

          Future Rental Income Considered on a Case-by-Case basis, Underwriter’s Discretion

          Home Improvement Cost can be included in the loan and paid out at the close of escrow

          Available in the Following States:

          Arizona, Alabama, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maine, Maryland, Mississippi, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Virginia, and Washington.

          Second Mortgage $350,000

          Jumbo Second Mortgage Alt Doc – Form 4506-T Not Required

          80% LTV 2nd mortgage to $350,000 Alt-Doc for Self-Employed Borrowers and Full Doc for everyone.

          This program is a Non-QM (non-qualified mortgage) with some Non-Prime qualities.

          Below are some specific underwriting guidelines and credit notes:

          ** 700 Credit Score

          * 85% Loan-to-Value

          * Mortgage History: No 30-day Lates for Previous 12 Months

          * Bankruptcy – 3 Years Seasoning

          * Foreclosure – 3 Years Seasoning

          * Short Sale – 2 Years Seasoning

          ** 660 Credit Score

          * 80% Loan-to-Value

          * Mortgage History: One 30-Day Late Maximum for Previous 12 Months

          * Bankruptcy – 2 Years seasoning

          * Foreclosure – 2 Years seasoning

          Short Sale – 1 Year seasoning

          ** 600 Credit Score

          * 70% Loan-to-Value

          * Mortgage History – One 60-Day Late Maximum for Previous 12 Months

          * Bankruptcy – 2 Year Seasoning

          * Foreclosure – 2 Year Seasoning

          * Short Sale – No Seasoning

          ** 550 Credit Score

          * 65% LTV

          * Mortgage History – One 90-Day Late Maximum for Previous 12 Months

          * Bankruptcy – One Year Seasoning

          * Foreclosure – One Year Seasoning

          * Short Sale – No Seasoning

          Typically, lenders will require conventional income documentation to qualify for their mortgage programs, examples include:

          * Conventional “Full Doc”

          * Wage Earner

          * W-2’s

          * Paycheck Stubs

          * Tax Returns

          ** Self-Employed:

          * Tax Returns

          * CPA Letter

          This lender and program do not require traditional income documentation. Furthermore, 4506-T and 4506-C Not Required.

          Unconventional “Alt Doc” Income

          * Required Alternative Income Documentation:

          * Bank Statements Only with a “Borrower Prepared” and Unaudited Profit & Loss Statement

          * 24 Months Personal or Business Bank Statements

          ** Available Loan Amounts:

          * $150,000 Minimum

          * $500,000 Maximum

          ** Credit Score: 550 Minimum **

          50% Debt to Income (DTI)

          Eligible Occupancies:

          * Owner Occupied Only

          ** Property Types:

          * Single Family Residence

          * Condominiums – Warrantable

          * Town Homes

          ** Terms:

          ARM

          * 5/1

          * 7/1

          * 10/1

          Fixed

          * 15 Year

          * 20 Year

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, and Washington.

          Reference# – 545221

          Vesting Title in Legal Entities

          Business Purpose Mortgages and Vesting Options

          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, LLC, or Partnership.

          Loan Purpose: Purchase, R/T Refinance, Cash Out Refinance

          This unique option provides the sophisticated borrower with their preferred legal structure as to how they would like to retain the title and legal protection for which these legal entities were intended.

          620 Minimum Credit Score and 90% LTV Maximum

          The qualifying criteria is based on the credentials of the actual borrower who will appear on the standard 1003 loan application, middle credit score of the 3 major credit reporting agencies.

          Super Jumbo Loan Amounts

          * $6,000,000 – Purchase Loan & Refinancer R/T

          * $5,000,000 – Refinance Cash Out

          Eligible Property Types:

          * Single Family Residence (SFR) – Attached

          * Single Family Residence (SFR) – Detached

          * Condominium

          * 2-Unit

          * 3-Unit

          * 4-Unit

          Eligible Occupancies:

          * Owner-Occupied

          * Non-Owner-Occupied

          Available Terms:

          * Fixed and Adjustable

          Title Vesting

          * All trusts are eligible, LLC’s, Sub S Corporations, Partnerships. One of the benefits is legal protection.

          Fast Turn Times and less paperwork

          Available in the Following States:

          Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.

          Reference # – 245 528032615

          No Seasoning Requirement for Short Sale or Foreclosure

          Non-Prime – One Day Out of a Short Sale or Foreclosure

          This loan is for people that have recently either foreclosed or short sold their property. If you have a recent short sale or foreclosure, this loan option could help you get into a home. No seasoning requirement for these housing events

          Jumbo Loan Amount to $3,000,000

          Loan Purpose:

          Purchase

          Refinance

          Cash Out Refinance

          Cash Out Refinance – $750,000 Maximum Cash Out (cash-in-hand)

          Credit Scores / LTV / Loan Amount / Reserves Requirements:

          * 680 Credit Score – 80% LTV to $3,000,000 with 12 Months Reserves

          * 660 Credit Score – 80% LTV to $2,500,000 with 12 Months Reserves

          * 640 Credit Score – 75% LTV to $2,000,000 with 12 Months Reserves

          * 620 Credit Score – 70% LTV to $1,500,000 with 6 Months Reserves

          * 600 Credit Score – 65% LTV to $1,000,000 with 9 Months Reserves

          * 580 Credit Score – 60% LTV to $500,000 with 9 Months Reserves

          Income Documentation Options:

          Full Income documentation required

          Salary Employee – previous 2 years W-2’s and full tax return

          Self Employed – previous 2 years full tax returns and current year profit and loss statement

          50% maximum DTI Debt to Income ratio

          Eligible Property Types:

          SFR Single Family Residence – Detached

          SFR Single Family Residence – Attached

          Eligible Occupancies:

          Owner Occupied

          Second / Vacation Home – 75% maximum LTV

          Available in the Following States:

          Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin.

          Reference # – 123 527030515 HE

          Asset Depletion Program to 5 Million

          Asset Depletion Jumbo Loan

          Self Employed and W-2 Wage Earner Co-Borrower

          ~ 660 Mortgage Credit Score – 80% LTV to 2 million

          ~ 640 Mortgage Credit Score – 75% LTV to 2 million

          Income Documentation Alternative-| Forms 4506-T and 4506-C Not Required

          Credit Notes:

          * 2 years seasoning required from bankruptcy discharge date.

          * 2 years seasoning required for short sales and foreclosures,

          Purpose: Purchase, Refinance

          Cash Out Refinance – $1,500,000 Maximum Cash Out

          Property Types:

          * Single Family Residence SFR

          Occupancies:

          * Owner Occupied

          * Second / Vacation Home – 80% Maximum LTV

          Debt to Income ratio:

          43% maximum DTI

          Available in the Following States:

          Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Washington.

          Stated Income Verified Assets Owner-Occupied Jumbo

          Stated Income Primary Residence Mortgage Program

          True Stated Income eligible on primary residence. Include multi-unit owner-occupied investment properties. Form 4506-C not required.

          This program can be used as a purchase loan or cash out refinance.

          * Purchase 90% LTV to $3,500,000

          * Cash Out Refinance to 90% LTV Financing to $2,000,000 and 85% LTV to $4,000,000

          * Loan amount exceptions to $10,000,000. Liquid asset requirements below.

          ~ No Credit Check Mortgage Pre Qualification Form

          This kind of mortgage is called a Business Purpose Loan. Our Business Purpose Loans for owner-occupied properties are structured differently than consumer mortgages.

          Business Purpose Mortgage Loan – Owner-Occupied

          This particular loan program can be structured as an owner occupied business purpose mortgage that can meet the rule criteria, and in effect, safely circumvent the rule and you have is a legitimate business purpose stated income home loan. to be used to “expand the business” as you see fit and at your discretion in the case of a cash out refinance.

          Cash Out Refinance Business Purpose Loan

          Note: Cash out funds would need to be wired into your business bank account.

          The Ability-to-Repay rule is a rule, not a regulation.

          and is a great alternative to hard money. Similar conditions, higher cost. Lender points, broker points and significantly higher rate.

          is special in that it provides the option for people that cannot or prefer not to verify their income or just simply want an easy and quick mortgage to purchase or refinance their primary home or investment property..

          No Doc | Income and Employment Required Documentation – N/A

          * Required Employment Documentation: None

          * Required Income Documentation: None

          * Form 4506-C – Not Required

          Notes:

          Verified Asset Requirements: (see Stated Income/Stated Assets and No Doc)

          * $2,000,000 Loan Amount – $100,000 in liquid assets.

          * $2,000,000 – $3,000,000 Loan Amount – $300,000 liquid assets

          * $3,000,000 – $4,000,000 Loan Amount – $500,000 liquid assets

          * Loan Amounts >$4,000,000 – $$1,500,000 liquid assets. Underwriter discretion. Contact a loan officer for free consultation

          Underwriting Highlights:

          * The borrower cannot have more than 10 financed properties. No limit on the number of properties owned

          * Non-Owner-Occupied Borrowers – OK

          * Private mortgage insurance not required

          * 10 acres maximum on property

          Eligible Property Types:
          * Single Family Residence SFR
          * Condo (70% LTV maximum)
          * No Non-warrantable Condos

          Eligible Occupancies:
          *
          Single Family Residence – Attached
          * Single Family Residence – Detached
          * Second Home to 70% LTV – $1,500,000 on Purchase and Refinance. -No Cash Out

          Appraisal Notes:

          * Full Appraisal required including interior and exterior with photos

          * Desk review required for all loans greater than $1,500,000

          * Property cannot have been on MLS for less than 90 days

          * No purchase seasoning – utilize the current market value

          Credit History Notes:

          * Payment history: No 30-day lates within last 24 months on mortgage or rent

          * No 30-day lates on any consumer debt, revolving or installment

          * Minimum 2-year active history on a minimum of 2 accounts required

          Self-Employed and Wage Earner Job and Income Document Requirements

          Self-Employed Borrowers:
          * 2-year Job History. 1 year considered with same line of work history
          * Company phone number and address must be located on a Third-Party Internet Directory Website
          * Business License or CPA letter
          * 2 months bank statements or a VOD, Verification of Deposit, personal or business bank statements OK

          Investors/ Property Managers – Rental Agreements can be qualified as income

          Eligible Borrowers:
          * US Citizen
          * Permanent and Non-permanent Resident Aliens
          * 3% contribution OK
          * Unconventional Credit Is acceptable. Any liens on the Subject Property must be a minimum of six
          * Seasoned. 12 months on a HELOC with no draws within the last 12 months

          Available in the Following States:

          Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin

          Reference# 254 52502021

          Super Jumbo Bank Financing to 30 Million

          Jumbo Mortgage Portfolio Bank Loan – Highlights

          * Alternative Lite Doc income documentation: 1099 Only to $3,000,000

          * This Bank Loan Super Jumbo is a Good Alternative to a Conventional Home Loan Product.

          * Property Types: Residential, Commercial, Industrial, Apartments, Residential, Schools, Special Purpose.

          * Loan Sizes: $500,000 – $30,000,000

          * States Served: All 50 States

          * Trust Deed Position: 1st only

          * Rates: Extremely Competitive, 5,7,10 YR Interest-Only Available on 30-year terms

          * Term: 20 year fixed or 30 year fixed

          * Use Departing Residence for Qualifying Rental Income.

          * Single Family Residence

          * Owner-Occupied and Non-Owner-Occupied

          Available in the Following States:

          Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia

          Contact a Loan Officer

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