Alt A / NONQM Mortgage Programs kicking off 2018

Bank Statement Program For Self-Employed Borrowers

• 24 months business bank statements to 90% LTV w/ no MI
• 12 month personal bank statements to 90% LTV w/ no MI
• Simple third party prepared expense statement required
• 2 years seasoning FC, SS, BK, or DIL
• No tax returns/transcripts required
• DTI above 35/43 considered with 660+ credit score
• Loans up to $3 million (minimum loan $150,000)
• Quick and easy income calculation worksheet provided
• Credit scores starting at 620 (no multi-family properties)
• First-time homebuyers OK (subject to additional guidelines)

Portfolio Select/Alt-A Program (Perfect For Jumbo Borrowers)

• Up to 90% LTV (purchase & R/T)
• Up to 85% LTV (cash-out) w/ no MI
• 2 years seasoning FC, SS, BK, or DIL
• Recently discharged BK 13 to 90% LTV (if paid as agreed 24 Mos)
• Loans up to $3 million (minimum loan $75,000)
• Cash out for reserves OK
• Credit scores starting at 600
• Max 1x30 mortgage lates OK last 12 months
• Option to qualify with assets instead of income
• Asset Depletion program available

Platinum Program

• Credit scores starting at 660
• Rates starting in the mid 4’s
• Jumbo loans with seasoning of only 48 months for foreclosure, short sale, or bankruptcy
• Full doc, Business or Personal Bank Statements
• Loans up to $3 million
• Up to 90% LTV/CLTV
• Owner-occupied / second homes
• No pre-payment penalty
• Cash-out available - $500,000 maximum
• Non Warrantable Condo OK
• Interest-only available

Non-Prime Program for Borrowers With Recent Credit Issues

• Credit scores as low as 500 (including jumbo loans)
• Up to 85% LTV (purchase & R/T) w/ no MI
• 1 day out of FC, SS, BK, or DIL
• Up to 90% LTV (cash-out)
• Loans up to $1 million (minimum loan $75,000)
• Cash out for reserves OK
• Mortgage lates are OK
• DTI up to 50% considered
• Limited or no tradelines OK to max 75% LTV
• Max cash-out to $500,000

Investor Cash Flow "No Income" Program (Perfect for Investors)

• No personal income used to qualify
• No limit on number of properties financed (5 with AOMS)
• No DTI restrictions
• Must have housing history and own a primary home
• 2 years seasoning FC, SS, BK, or DIL
• Qualification based on property cash flow
• Loans up to $1 million (minimum loan $75,000)
• Up to 75% LTV (including cash-out)
• Credit scores starting at 660
• No employment required on application

Foreign National Program To 75% LTV

• Up to 75% LTV (purchase or refinance)
• Simple credit reference letters to satisfy trade lines
• No US or international credit required
• No SSN or ITIN required
• 12 months reserves required
• Loans up to $750,000 (higher amounts case by case)
• Reserves can remain in foreign account
• Minimum loan amount down to $75,000
• Fewer country restrictions than other lenders
• DTI up to 50% considered

No Income Asset Qualifier Program To 75% LTV

• Up to 75% LTV (purchase or delayed financing)
• 5 years seasoning FC, SS, BK, or DIL
• Credit score of 700+ required
• Loans up to $3 million (minimum Loan $150,000)
• No DTI restrictions
• Requires 60 months of recurring monthly payments post closing
• No 4506 required
• Must document minimum $500,000 in post closing assets
• Primary residence only
• Assets must be sourced/seasoned for a minimum of 12 months

Ready to talk with us about our latest products?

Call / Text me Anytime

Mike Fehrenbacher

Registered Account Executive

312-600-4410

714-912-8050