Alternative Income Documentation | Bank Statements

One-Month, Two-Month, Six-Month, Twelve-Months and Twenty Four-Months | Business or Personal

  • Interest Only Available

Purchase / Refinance Rate/Term & Cash Out

Owner-Occupied

  • Single Family Residence

Credit Score / LTV / Loan Amount | Matrix:

  • 500 - 65% - $1,000,000
  • 550 - 75% - $1,500,000
  • 600 - 80% - $2,000,000
  • 660 - 85% - $3,000,000
  • 680 - 90% - $3,000,000 

Refinance - Cash-Out:

  • 550 - 65% - $1,500,000
  • 600 - 70% - $2,000,000
  • 660 - 75% - $2,500,00
  • 720 - 80% - $3,000,000 

Investment Property Non-Owner-Occupied

  • Single Family Residence

Credit Score / LTV / Loan Amount | Matrix:

  • 550 - 65% - $1,000,000
  • 600 - 70% - $1,500,000
  • 600 - 75% - $2,000,000
  • 660 - 80% - $2,500,000
  • 680 - 80% - $3,000,000 

Purchase / Refinance Rate/Term

Owner-Occupied

  • Condo

Credit Score / LTV / Loan Amount | Matrix

  • 500 - 60% - $1,000,000
  • 550 - 70% - $1,500,000
  • 600 - 75% - $2,000,000
  • 660 - 75% - $3,000,000
  • 680 - 85% - $3,000,000 

Major Credit Event Seasoning:

  • Bankruptcy - Settled - 65% LTV
  • Bankruptcy - One year- 75% LTV
  • Bankruptcy - Two years- 85% LTV
  • Bankruptcy - Three years- 90% LTV
  • Foreclosure - Settled - 65% LTV
  • Foreclosure - One year- 75% LTV
  • Foreclosure - Two years- 85% LTV
  • Foreclosure - Three years- 90% LTV
  • Short SaleSettled - 80% LTV
  • Short Sale - 1 year- 85% LTV
  • Short Sale - 2 years- 80% LV
  • Deed-In-Lieu - Settled - 80% LTV
  • Deed-In-Lieu - 1 year- 85% LTV
  • Deed-In-Lieu - 2 years- 80% LTV

Documentation:

  • Credit report: <90 Days old at closing
  • Income and assets: <90 Days old at closing

Liquid Assets Not Required

  • Asset Utilization
  • Socks, bonds, mutual funds: 75%

Retirement funds amount invested, 65%

Gift of equity not allowed

Interest Only payment feature available to 80% LTV

 

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