I) NO Income
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 580 credit score and 20% down payment. Loan amounts to $1.5 million.
- 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 620+
- Requires 10% down payment or equity in property (dependent on credit)
- Purchase or refinance
- Owner occupied or investment (1-4 units) properties
- Must have 42 months of housing payment reserves after closing
III) Bank Statement Program
Alternative income calculation based on either Personal Bank statement or Business Bank Statement deposits. No tax returns required.
Apply now On-Line Secured Application