Program Details
Income Verification
- Self-Employed: 12 Month CPA / Accountant Prepared P&L
- Salaried: VOE1 Of Current Income Only
- No Tax Returns Or W2s Required.
- Up To 50% DTI
Asset Verification
- 1 Month Bank Statement (Covering At Least 30 Days)
- 100% Gifts Allowed For Down Payment, Closing Costs, Reserves
- Cash-Out Proceeds May Be Used Towards Reserves
Program Highlights
- Purchase & Rate/Term Refinance Up To 80% LTV
- Cash-Out Refinance Up To 75% LTV, Unlimited Cash-Out Funds
- 1-4 Units, Condos, Coops, PUDs
- Second Homes Allowed
- Minimum 660 FICO
- Loan Amounts Up To $3,000,000
- Flexible Terms
- 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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