Niche Programs We Offer

  • Primary residences up to $5,000,000. > $5000,000 Loan Amount considered on a case-by-case basis

    1 day out bankruptcy seasoning from 540+ FICO

    Bank statement documentation from 580+ FICO to 90% LTV

    Full documentation to 95% LTV

    Unlimited consumer lates

    SFR/Condos/Townhomes/Multi-Units

    Interest only options to 90%

    Unlimited 30 day lates to $2M

    Second homes to $2M

    Unlimited cash back when property owned free & clear OR under 50%

  • Self Employed Home Loan Program

    This loan program is for home buyers and homeowners that have recently experienced a housing event such as bankruptcy, foreclosure or short sale. Self Employed borrowers can document their income by providing bank statements in lieu of conventional to support income and if there is a wage earner borrower, too, primary or co-borrower, this applicant uses their W-2 and paystub for income documentation because this bank statement loan program does not have a prepayment penalty, borrower can refinance at any time to obtain a lower rate or take cash out.

    Guidelines and Highlights

    Purpose:

    • Purchase, Rate and Term refinance and Cash Out Refinance

    Income Program:

    • Alternative Documentation "Alt-Doc"

    Income Documentation:

    • Unconventional - 12 months Bank Statements for self-employed

    and or

    • Conventional - W-2 and paystub for wage earners

    Employment Types:

    • Self Employed
    • W-2 Salary Wage Earner

    Credit Criteria:

    • Mortgage History - 1 30-Day late for last 12 months
    • Bankruptcy Seasoning: - 1 Day
    • Foreclosure Seasoning - 1 Day
    • Short Sale - 1 Day

    Credit Scores:

    • 580 Minimum

    Loan to Value ratio (LTV)

    • 80%

    Debt to Income Ratio (DTI):

    • 50%

    Maximum Loan Amount:

    • $2,000,000

    Property Types:

    • Single Family Residence (SFR)
    • 1-2 Units
    • 2-4 Units

    Occupancies:

    • Owner Occupied / Primary
    • Investment

    Terms:

    • 30-Year Fixed
    • 15-Year Fixed
    • 7 Year ARM

    No Prepayment Penalty

     

    States: Arizona,California, Colorado, Florida, Georgia, Oregon, Washington

     

    Reference# 535 06131519-16-12-16

  • No Income No Asset Verification

    Foreign Nationals - OK

    Unique mortgage loan program designed for the Residential Real Estate Investor.

    Income Documentation: None

    Employment Type: None

    Nationwide Private Mortgage Lender

    This is a Private Money lender that has funded thousands of loans nationwide.

    Private direct lender specializing in Single Family Residences up to 1-4 units. Multiple loans for investors in all 50 states, One of the good things about this lender is they have over 25 years of real estate investing experience; they know how to underwrite a loan because they understand the residential real estate investment market because they themselves have bought and resold nearly 15,000 homes and have originated more than 4200 loans since they were founded in 2002; loans for investors, by investors.

    This is a true No Doc hard/soft money lender with national reach. No Income-No-Assets-No Employment. Closings average 10 to 15 business days from application. Loan amounts down to $125,000 and up to $300,000, all No Doc and greater than $300,000 on a case by case basis.

    Credit Scores and Hard Money

    Credit scores down to 580 or no score ok. Foreign Nationals also qualify. An investor can utilize this loan program for either a purchase or refinance. 30-day seasoning for cash out using new appraised value. This is a direct lender and they make all decisions in-house with over $200,000,000 to lend. They also offer 3-year terms for borrowers with longer-term projects as well as traditional bridge funding. An investor can close in a natural person name or business entity.

    This loan program only requires an application, payment for the appraisal, 2 forms of ID and or corporate documents if applicable, title commitment and homeowners insurance.

    Loan Program Guideline Overview and Highlights:

    No prepayment penalties 

     

    Information on "C" property rating:

    http://www.freddiemac.com/singlefamily/sell/docs/uadreqs.pdf

    Loan Purpose

    Purchase

    Cash out refinance - 30 days seasoning required

    Credit Scores

    580 or no score OK

    Pricing is Credit Score driven

    Credit Criteria:

    • Bankruptcy OK
    • Foreclosure OK
    • Short Sale OK
    • Loan Modification OK

    Loan Amounts:

    • Minimum Loan Amount: $125,000
    • Maximum Loan Amount: $300,000

    Greater than $300,000 on a case-by-case basis 

    Maximum LTV

    • 70%

    LTV guidelines are based on the After-Repair-Value (ARV) 

    Property Types:

    • SFR
    • 1-2 Units
    • 1-4 Units 

     

    Reference # 540 061715 21-9-19

  • Non-Prime Super Jumbo Bank Statement Loan

     Mortgage Pre Qualification Form - Credit Check Not Required

    24 Consecutive Months Personal or Business Bank Statements

    Jumbo Maximum Loan Amount - $4,000,000

    Alternative Income Documentation Options

    • Alternative Documentation for Self Employed:

      • Bank Statements
      • Form 4506-T Not Required (no 4506-T Form or tax returns before, during or after Close of Escrow)

    • Purchase Loans LTV - Credit Score:
      • 90% LTV - 700 Middle Credit Score
      • 85% LTV - 650 Middle Credit Score
      • 80% LTV - 600 Middle Credit Score
      • 75% LTV - 550 Middle Credit Score
      • 65% LTV - 500 Middle Credit Score
    • Cash Out Refinance  LTV - Credit Score:
      • 75% LTV - 700 Middle Credit Score
      • 75% LTV - 650 Middle Credit Score
      • 75% LTV - 600 Middle Credit Score
      • 70% LTV - 550 Middle Credit Score
      • 65% LTV - 500 Middle Credit Score
    • Major Derogatory Credit Seasoning Requirements:
      • Bankruptcy- 3 years seasoned
      • Foreclosure - 3 years seasoned
    • Property Types:
      • Single Family Residence
      • Condo
      • Non-Warrantable Condos
      • Townhouse
      • 2-4 Unit
      • Condotels case specific
    • Eligible Occupancy Types
      • Owner Occupied
      • Non Owner Occupies
      • Second Home

    Debt-to-Income Ratio - 50%

    Full Doc for Salary Employee - W-2's and 30 days paycheck stubs

    Full Doc for Commission Professional - 2 years 1040's and Profit and Loss Statement

    Liquid Assets not required

    No mortgage lates

    Be advised, the following Credit Scores are Mortgage Credit Scores - Consult a Mortgage Professional to be properly pre-qualified without having your credit checked

    No Liquid reserve requirement - $0

    For this program, Underwriter will utilize 100% of Personal Bank Statement deposits and as much as 90%  of Business Bank Statement deposits along with either a "Borrower Prepared Unaudited Profit and Loss" or an expense Letter from CPA or Tax Preparer Professional.

    -Let a Mortgage Professional qualify your debt ratio

    Rural properties OK for A through B- credit grades 

     

    R 3-9-20-1-4-5-12

  • This hard money lender will do primary residential loans which are somewhat rare.

    Purpose:

    Invalid Input

    Invalid Input

    Please let us know your email address.

    Please let us know your message.

    Invalid Input

    • Purchase
    • Refinance, Rate & Term and Cash out
    • Refinance - Cash Out. $750,000 Maximum
    • Construction
    • Bridge Loan
    • Blanket Loan

    Loan Amounts:

    $125,000 to $5,000,000

    Eligible Property Types:

    • Single Family Residence SFR
    • 1-4 Unit residential and commercial
    • Condos
    • Townhomes
    • Non-warrantable condominiums
    • Mixed-use

    Eligible Occupancies:

    • Owner Occupied
    • Non Owner Occupied
    • Non-Occupant c-borrower OK

    Eligible Borrowers:

    • Foreign Nationals
    • Foreign legal entities
    • Probate OK

    Underwriter Notes:

    No seasoning requirements for Foreclosure, Bankruptcy, Short Sale, Notice of Default, Notice of Sale

     

    Reference# - 44154

  • Soft Money Mortgage Program

    Exceptions made to 80% LTV for the state of California.

    This means that the pricing is less than the traditional Hard Money type loan program. Discounted pricing with qualifying Credit Score / FICO.

    No Doc on Investment / Non-owner occupied

    Invalid Input

    Invalid Input

    Please let us know your email address.

    Please let us know your message.

    Invalid Input

    Residential or Commercial

    LTV:

    • 70% - maximum

    Loan Purpose:

    • Purchase or Cash-out refinance

    Loan Amounts:

    • Minimum - $100,000
    • Maximum - $10,000,000

    Property Types:

    • Single Family Residence SFR - Attached
    • Single Family Residence SFR - Detached
    • 1-2 Units
    • 1-4 Units
    • 5+ Units

    Occupancy:

    • Owner-Occupied/Primary
    • Non-Owner Occupied

    Credit Scores:

    Owner-Occupied - case-by-case

    Terms available:

    • 1 year ARM
    • 3 Year ARM
    • 5 year ARM
    • Interest Only payment terms available

    Income Documentation:

    • No Doc

    Underwriting notes:

    Must have a valid social security number

    Foreign Nationals allowed:

    Appraisal

    Appraisal paid for up front by borrower upon loan approval

    Appraisal ordered by the lender

    States - nationwide