Program Details
Income Verification
- Personal, Business Or Draft Account Reflecting
- Consecutive 12 Month Period
- 1099 Tax Form
- CPA, Tax Preparer, Or Enrolled Agent’s Letter Confirming
- Self Employment
- Business Inception
- Percentage Of Ownership
- No Tax Returns Or W2s Required.
- Up To 50% DTI
Asset Verification
- 1 Month Bank Statement
- 100% Gift Funds Allowed For Down Payment & Closing Cost
Borrower Qualification
- Minimum 640 FICO Score (Minimum 660 For FTHBs)
- Up To 50% DTI
Program Highlights
- Purchase & Rate/Term Refinance Up To 80% LTV
- Cash-Out Refinance Up To 80% LTV, Up To $1,000,000 Cash-In-Hand Proceeds
- 1-4 Units, Condos, Coops, PUDs
- Second Homes Allowed
- Minimum 640 FICO (Minimum 660 For FTHBs)
- Loan Amounts Up To $3,000,000
- 5/6 ARM3, 7/6 ARM3, 15 Or 30 Year Fixed
- Interest Only Option Available On All Loan Terms Except 15 Year Fixed
Mortgage Rate Options
Adjustable ARM
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...
Learn MoreFixed Rate
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Learn MoreInterest Only
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
Learn MoreGraduated Payments
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...
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