Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

One Year “1099 Only” Income Reduced Doc Program

Lite Doc – 1 Year 1099 Only Income Documentation Program

Purchase, Rate/Term – 600 Credit Score – 80% LTV – $1,500,000

Cash Out – 620 Credit Score – 75% LTV – $1,500,000

Loan Amounts: $250.000 to $7,500,000

1099 Only Income Calculation | Two 1099 Income Calculation Methods

* P&L Prepared by a CPA or Equivalent License Holder

* Expense Ratio CPA Letter (ERCL)

* Debt-to-Income (DTI): 55%

Loan Amounts and Reserve Requirements:

* $1,500,000 – 6 Months

* $1,501,000 to $2,500,000 – 9 Months

* $2,501,000 to $5,000,000 – 12 Months

* $5,000,001 $7,500,000 – 18 Months

Property Types:

* Single Family Residence – Attached

* Single Family Residence – Detached

* 2 Units

* 3 Units

* 4 Units

* Warrantable Condos

Underwriter Notes:

Gift Funds OK – Requires at least 5% Borrower Contribution Required, 2 months seasoned funds.

Seller Concessions to 5%

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Missouri, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Alt Doc Purchase Loans

Alt Doc Refinance Loans

Category - Non-QM Lenders