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We offer a number of loan programs for borrowers
who are unable to or choose not to verify their income or assets in a
traditional fashion. We have a number of loan products designed
specifically for these borrowers.
No Income Verification Loans
No Income Verification mortgages are available for
people purchasing or refinancing residential real estate. we will
lend up to 90% of the value or sales price of a home with no questions
about income. Generally, the better the credit the more one can borrow.
Talk to one of our specialty mortgage consultants today and see how we
can help.
No Income & No Asset Verification Loans
The No Income & No Asset Loan program take the no
income verification loan one step further. In addition to not verifying
a borrower's income, we will also not verify assets needed for down
payments and closing costs. We will lend up 90% of the sales price or
appraised value in many instances.
Stated Income Loans
Our Stated Income Loan program has a number of
similarities with our other No Documentation loan products. We don't
actually verify what a borrower earns, rather he or she states his
earnings and we will only verify that the borrower currently works
at that employer. The Stated Income Loans are available to W-2 employees
and to the self-employed.
Light Documentation Loans
The Light Documentation Loan program works very easily.
The borrower provides us with six (6) or twelve (12)
or twentyfour
(24) months of bank statements and the average of the deposits over that time
frame will be used as monthly income. Our specialty loan officers are
available help you with your financing needs. (more bank statements the
better).
Bank
Statement Loans:
24
month bank statements can get up to 100% LTV.
Personal bank statements - average of all deposits and credits.
Business Bank statements - average of all deposits and credits but we can use
only 50%, 75% or 95% of the average.
12
month bank statements can get up to 80% - 100% LTV.
Personal bank statements - average of all deposits and credits.
Business Bank statements - average of all deposits and credits but we can use
only 50%, 75% or 95% of the average.
6
month bank statements can get up to 100% LTV.
Personal
bank statements - average of all deposits and credits.
Business Bank statements - can't be used
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