Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

Stated Income / Verified Assets 680 Credit Score 2 million

Asset-Based Qualification Program | Forms 4506-T and 4506-C Not Required

This is both a Stated Income and Asset Depletion loan program and it is designed for the high-net-worth borrower that is looking to purchase a primary home or Rate & Term refinance or Cash out refinance their primary home. The applicant must demonstrate their ability to save by providing proof of cash reserves that will support their existing and proposed debt, front and back-end debt ratio.

Guidelines and Highlights


* Purchase, Rate & Term and Cash Out

Income Documentation Programs:

* Stated Income / Verified

* Assets (SIVA)

* Asset Depletion

* Tax Returns – Not Required

* Form 4506-T – Not Required

* Bank Statements: (6months, 12 months, or 24 months)

* Retirement Accounts

* Investment Statements

* Money Market Accounts

Employment Type:

* Self Employed

Credit Criteria:

* Mortgage history – No 30-Day lates for previous 25 months

* Bankruptcy Seasoning: – 24 months

* Foreclosure Seasoning – 24 months

* Short Sale – 24 Months

Credit Scores:

* 660 Middle score for each borrower

Loan to Value Ratio (LTV)

70% Maximum

Combined (piggyback Second Mortgage) Loan to Value ratio (CLTV)

80% Maximum

Debt to Income Ratio (DTI):

50% maximum

Maximum Loan Amount:


Property Types:

SFR- Single Family Residence

1-4 Units

Eligible Occupancy Types:

Owner Occupied Only


5 Year ARM

7 Year ARM

10 Year ARM

Available in the Following States:

Arizona, California, Colorado, District of Columbia, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, Maryland, Minnesota, Nevada, Oklahoma, Oregon, Texas, Utah, Washington

Reference# 535 06131519-9-22-1

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending