I) NO Income, NO MINIMUM CREDIT 65 LTV
Our focus is narrow (1-4 unit residential non-owner occupied) but our process is the easiest and most reliable in the industry. We only pull a Tranunion credit report for pricing. We don't have a minimum credit score requirement. We never ask of additional financial or employment information. We don't source and season down payments or care about debt-to-income ratios.
Adjustable rate mortgage programs which require minimum 650 credit score and 30% down payment.
- No tax returns required
- Employment is verified
- Assets are verified. Any large deposit in the past 60 days must be sourced by bank account.
- Restricted to non-owner occupied properties in all states.
- Borrower must have minimum down payment of 5% of their own funds.
- Gifts from family members are okay.
- No maximum on number of properties owned.
- Prepayment penalties apply for the fixed portion of the program.
- Property titled in the name of an LLC or corporate name.
- Debt service coverage is 1.20x.
II) No Income, Verified Assets
Portfolio mortgage program for W2 wage earner or self-employed (for 2 years). Verfication of assets and employment.
- Minimum credit score of 680+
- Requires 40% down payment or equity in property.
- Purchase or refinance.
- Owner occupied or investment (1-4 units) properties.
- Must have 42 months of housing payment reserves after closing
Apply now On-Line Secured Application