Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

Non-Prime True No Doc Loan Program

Non-Prime – No Income and No Employment

Non-Prime does not always mean bad or challenged credit.

Following are a few underwriting guideline highlights:

* DTI up to 60%

* Verification of employment and Income – Not Verified

* Liquid Assets & Reserves – Not Required

* 85% LTV Jumbo Financing $6,000,000

* Super Jumbo Options – $20,000,000 Loan Amounts

* Bank Statement Income Option Available to 85% LTV Financing

Favorable Terms, Pricing and Approval Conditions – Asset Depletion – liquid asset statements can almost always be utilized in conjunction for more favorable terms, conditions, and pricing – interest rates, points (0-point options too), etc.

Major Derogatory Credit “credit event” Seasoning Requirements:

* Bankruptcy – 3 years

* Bankruptcy/Foreclosure – 2 years (if not included in a bankruptcy)

* Short Sale- 2 years

* Debt Ratio Very Flexible to 55% DTI

* Prepayment Penalties Available or More Favorable Rate and/or Pricing

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, 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