INVESTOR & SELF EMPLOYED HOME LOANS
REAL ESTATE INVESTOR LOAN
Purchase or refinance options for the seasoned real estate investor. Qualify solely using the cash flow from the subject property, no income documents necessary. Unlimited amount of financed properties!
Employment and income not disclosed on your loan application
Debt-To-Income ratio not calculated
Loan qualification based on the cash flow of the subject property (Debt Coverage Ratio)
5/1, 7/1, 10/1, 15 and 30 year fixed. Interest only available on 5/1 ARM*
Borrowers may own an unlimited number of financed properties
Maximum (Loan To Value)LTV/CLTV/HCLTV 80%
Cash out up to $2M
No ownership seasoning requirement for cash-out refinance
Loan amount up to $2.5M
Gift Funds / Gift of Equity allowed (refer to guidelines)
Perfect loan for borrowers who acquired investment properties paying all cash (recoup some cash) or borrowers who used hard money loans to acquire real estate.
ASSET QUALIFICATION LOAN
Perfect for high net worth buyers and investors that hold various asset classes
Employment and Income are not required to be disclosed on your loan application
Loan amounts of $100K to $3M
Maximum cash out refinance up to $2M
Loan qualification based on verified liquid assets
15 & 30 year fixed, 5/1, 7/1, 10/1 ARM Interest Only available on ARMs**
Debt-To-Income ratio not calculated
Payment shock not calculated
Assets can be cash in the bank, stocks, bonds, IRAs, 401Ks, mutual funds or retirement accounts
Asset levels in the verified accounts are expected to be consistent and sustained
No ownership seasoning requirement for cash out refinance
Gift Funds & Gift of Equity allowed (refer to guidelines)
BANK STATEMENTS ONLY LOAN (NO TAX RETURNS REQUIRED)
A great option for investors that have an issue showing income on their tax returns. Great for self employed buyers!
No payment shock
Loan amount $100K to $3M
Maximum cash out $2M
W-2 co-borrower is allowed with income and employment traditionally verified
Personal or business statements
Debt-To-Income ratio up to 50%
Statements for the most recent 12 month period required
Retirement income is usable with verification (1099, award letter, etc.)
15 & 30 year fixed, 5/1, 7/1, 10/1 ARM. Interest only available on ARMs**
No ownership seasoning requirement for cash-out refinance
Cash out from subject may be used towards reserves
Gift Funds and Gift of Equity allowed (refer to guidelines)
FHA 3.5% DOWN
Still one of the greatest low down payment options that will allow you to leverage at a great rate and purchase more than 1 home!
W2 only programs available. (Qualifying income will be based on the amount stated on the W2, not the amount claimed on your tax returns)
Min. Fico/Credit Score 580+
Wholesale rates available
Low down payment option of 3.5% down
Not limited to first time home buyers
Flexible underwriting guidelines
100% gift funds for down payment ok
CONVENTIONAL 3% DOWN (Home Possible Advantage)
Another great option for self employed buyers looking to purchase with a low down payment option.
W2 only programs available. (Qualifying income will be based on the amount stated on the W2, not the amount claimed on your tax returns)
Up to 97% LTV/Loan To Value
Available for 1st time home buyers, borrowers changing their primary residence, and retirees
Refinance up to 97% LTV, regardless of current mortgage program
No income cap limits for Under-served Areas
No reserve requirements for 1-unit properties
& MUCH MORE AVAILABLE!
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