Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

Reduced Doc – Employment History | One Year

1099 Only Lite Doc Income Documentation – Portfolio Non-QM Lender Guidelines & Highlights

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 from any Co-Borrower

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.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Alt Doc Purchase Loans

Alt Doc Refinance Loans

Category - Non-QM Lenders