Self Employed Mortgages

Many borrowers may have a unique situation which is preventing them to obtain a mortgage. That’s where we come in. we are expert for these non- conventional  loans. We offer unique lending solutions to the unique situation. Here are some loan programs available, A variety of choices on how to document income – from Full Doc to No Ratio

FULL DOC:

  •   Recent credit event to 85% LTV
  •   Residual income program – 50% DTI
  •   85% LTV no MI
  •   Jumbo as low as 590 credit score
  •   Jumbo 50% DT
  •   Non-warrantable condo
  •   NO MI

SELF EMPLOYED BORROWERS:

  •  90% LTV on credit scores as low as 720
  •  80% LTV on credit scores as low as 680
  •  50% DTI
  •  Loans to $6M or more

 ASSET BASED LOAN:

  •  620 min credit score
  •  Up to 85% LTV
  •  Assets = 110% of loan amount
  •  Loans to $6M or more

ONE MONTH BANK STATEMENT LOAN

  • Self-employed Borrowers U.S. residents
  • Income is ATTESTED to and DECLARED;
  • Purchase Max LTV of 75%
  • Refinance Max LTV of 70% (rate and term or cash out)
  • Owner-occupied transactions only

VERIFICATION OF EMPLOYMENT PROGRAM:

  • Down to a 650 credit score
  • VOE fully completed for 2 year employment
  • No 4506T
  • First-time homebuyers qualify
  • $1,000,000 Max loan amount
  • Up to 50% gift funds allowed