Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

Asset Qualifier

Portfolio Mortgage Asset-based Income Documentation | Asset Based Lending

* Debt-to-Income DTI (expense ratio) up to 55%

Now you can use your 1099(s) for to qualify (sole proprietor) as additional income/”ability to repay”

Subordinate Financing Permitted

Business Purpose Loans (Stated Income – Owner-Occupied) Available

Foreign National for either second home or investment properties

Loan Amount >$2,000,000 Require 2 Appraisals

Terms: 15 and 30 year Amortization, and Interest Only Options

10-year Interest Only term available for 40-year fixed rate and amortization up to 85% LTV, 80% LTV on 2-4 units.

Eligible Occupancies and Property Type:

Primary Residence: SFR, 2-4 Units, Condos, condotels

Eligible Property Types: 1 – 4 units, Condos, Condotels. Warrantable and Non-warrantable

Investment / Business Purpose – 1 – 4 Unit and Condos

Required Reserves: >2,000,000 Loan Amount 6 Months PITIA

Liquid Asset Accounts

Payment Distribution

Purchase / Rate & Term Refinance:

LTV/Loan Amount Matrix

* 720 Credit Score

* 85% LTV to $2,000,000

* 80% LTV to $2,500,00075% LTV to $3,000,000

* 700 Minimum Credit Score

* 85% LTV to $2,000,000

* 80% LTV to $2,500,000

* 75% LTV to $3,000,000

* 70% LTV to $3,500,000

* 65% LTV to $4,000,000

* 60% LTV to $5,000,000

* 680 Minimum Credit Score:

* 60% LTV to $1,000,000

55% LTV to $1,500,000

50% LTV to $2,000,000

* 700 Minimum Credit Score:

80% LTV to $1,500,000

70% LTV to $2,000,000

65% LTV to $2,500,000

60% LTV to $3,000,000

50% LTV to $4,000,000

* 680 Minimum Credit Score:

80% LTV to $1,500,00

70% LTV to $2,500,000

65% LTV to $3,000,000

* 660 minimum Credit Score:

75% LTV to $1,500,000

*Cash Out Refinance:

* 720 minimum Credit Score:

75% LTV to $1,500,000

70% LTV to $2,000,000

* 700 minimum Credit Score:

75% LTV to $2,000,000

70% LTV to $2,500,000

65% LTV to $3,500,000

* 680 minimum Credit Score:

70% LTV to $2,500,000

60% LTV to $3,000,000

* 660 minimum Credit Score:

65% LTV to $1,500,000

60% LTV to $2,000,000

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending