Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

Portfolio Mortgage Lenders

Portfolio Mortgage Lending

A portfolio mortgage lender can be completely different than any other lender. All loan approvals are underwritten in-house seldomly require investor signature. A portfolio lender will identify a market niche and in-turn develop a portfolio of Qualified or Non-Qualified loan products specific and unique to the under-served market demographic with either a Qualified Mortgage (QM) loan program or a Non-Qualified Mortgage (Non-QM) loan program.

True Portfolio Lenders and Customized Financing Solutions

Manual underwriting allows the lender to look at each borrower as an individual, into a reasonable mortgage. Because these lenders will service the loan often for the life of the loan, they make their own rules and in the world of mortgage lending, that means their own underwriter guidelines. Fast closings in 7-10 days. 11 days for conventional, and non-qm 25-35 days, or less, if the circumstance requires; and pre-approvals done within 48 hours of complete submission.

QM, Non-QM, and Non-Prime Lenders

Underwriting Guideline exceptions and requirements are based on credit scores, Debt to Income ratio, equity position/loan to value ratio, occupancy, property type, and various variables and loan characteristics such as “credit event” seasoning.

Benefit to Borrow (tangible benefits):

Documentation type, Credit Depth and Seasoning, Borrower employment and business seasoning, Liquid asset sources, purchase seasoning.

* Property Acquisition for Self-Employed and Agency Fall-out

* Interest Rate Deduction

* Credit Card Debt Consolidation

* Disposable Income Increase

* Fixed Rate or Term Extension Rate and Term Refinance

* Cash Out Refinance for Business Expansion

Self-Employed Income Documentation Programs

* 1099 Only (one year and two history verification)

* Asset Depletion loans (all qualifying as a stand-alone income or to supplement)

* One to Six Month Bank Statement Programs (1 month through 6 months)

* P&L Only

Self-Employed Verification of Employment (VOE) Options

* Borrower Prepared P&L

* CPA or equivalent

* Accountant/Tax Professional

Lite Doc and Reduced Doc Programs

1 Year Tax Return – 1 Year

Reduced Doc for W-2 for Wage Earning borrowers

Jumbo and Super Jumbo Loan Amounts

$300,000 to $30,000,00

Cash Out Limit – $16,500,000

Mortgage Pre-Qualification Form – No Credit Check

We Serve 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, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Alt Doc Purchase Loans

Alt Doc Refinance Loans