Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

Non-QM Super Jumbo Alt Doc

Jumbo Bank Statement Program – 620 Credit Score ~

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

Self-Employed including 1099 Independent Contractors as well as W2 Commission Professionals. 3 Bank Statement mortgage options that provide flexibility for business owners that utilize both their personal account and Business account for business expenses, income deposits, transfer activity. In addition, this program also offers a P&L Only Program, also for self-employed borrowers. Interest only term flexibility. too.

Alternative Documentation Options Super Jumbo to $10,000,000

* 6-, 12- or 24-Months Bank Statements from Multiple Accounts – OK

* Profit & Loss (P&L Statement) Statement Only

* Self-Employed Only defined by percentage of ownership >25%

$2,500,000 Loan Amount – 620 Credit Score

Maximum Loan Amounts /Loan-to-Value (LTV) and Credit Score:

Credit Score 620

PurposeLoan AmountLTV
Purchase or Rate/Term$1,500,00075%
Cash Out Refinance$1,500,00070%

Credit Score 640

PurposeLoan AmountLTV
Purchase or Rate/Term$2,000,00075%
Cash Out Refinance$2,000,00070%

Credit Score 680

PurposeLoan AmountLoan Amount / LTV
Purchase or Rate/Term$2,000,00080%
Cash Out Refinance$2,000,00075%

Credit Score 700

PurposeLoan AmountLTV
Purchase or Rate/Term$2,500,000 85%
Cash Out Refinance$2,500,00075%

Credit Score 720

PurposeLoan AmountLTV
Purchase or Rate/Term$3,000,000 90%
Cash Out Refinance$3,000,00085%

Credit Score 740

PurposeLoan AmountLTV
Purchase or Rate/Term$3,500,000 90%
Cash Out Refinance$3,500,00085%

General Guidelines

Eligible Occupancies:Eligible Property Types:
* Owner-Occupied* Single Family Residence (SFR)
* Owner-Occupied Investment* 1-4 Unit
* Non-Owner-Occupied Investment Properties* Condos (<5 stories) <5% LTV
* Short Term Rental – OK (Airbnb..)* Condotels 65% LTV
Eligible Borrowers:Terms:
* Permanent Resident Aliens* Fixed: 30-year and 40-year
* Non-Permanent Resident Aliens* ARM: 3-year, 5-year, and 7-year ARM’s
* Non-Permanent Resident Aliens(Interest Only options available)
* US Citizens* Condotels 65% LTV

Credit Notes:

This program does not allow for any mortgage lates and requires 36 months seasoning since last major credit event, such as bankruptcy, Foreclosure, Short Sale, Deed-in-Lieu.

Loan Scenario Form – Credit Check Not Required

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, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending