Loan Features
- No tax returns required
- Qualified based on Personal or business statements for the most recent 12 months
- Loan amount up to $3 million
- 10% Down payment with no mortgage insurance
- Owner occupied, 2nd home, Investment Property
- Interest Only Loan Options
- 30-year fixed option available
- Non-Perfect Credit OK
- Gift Funds for Down Payment
- W2 co-borrower ok, income and employment traditionally verified
- Retirement income is usable with verification (1099, award letter, etc)
Requirements:
- 2 years of self-employment verified through CPA or business license
- Low number of NSF or O/Ds
- 12 month of mortgage or rental history
- 3 month reserves