Alternative Documentation (ALT-doc), Private Money Loans, Stated Income - Verified Assets. Cash-out Refi 75% LTV and Purchase to 80% LTV | No taxes or w2's needed
Stated Income HELOCs, Hedge Fund, ALT Documentation and Private Money
Mortgage Loan Products.
1) Stated Income Home Equity Line of Credit (HELOC) - Owner-Occupied, Non-Owner
1) Stated Income Home Equity Line of Credit (HELOC) - Owner-Occupied, Non-Owner
Occupied and Second Homes - SFR's, 2-4's and Condos. 620+ FICO needed.
Loan amounts from $150,000 - $2,000,000.
Up to 50% LTV to $1,000,000, 40% to $2,000,000.
4.25% interest only start rate for the 5 year draw period, then 15 year amortization.
Loan amounts from $150,000 - $2,000,000.
Up to 50% LTV to $1,000,000, 40% to $2,000,000.
4.25% interest only start rate for the 5 year draw period, then 15 year amortization.
1 floating in 1st position or for free and clear properties or
5.25% interest only start rate for the 5 year draw period 2 floating in 2nd postion over WSJ Prime.
18% lifetime cap.
3 monthly repayment options are available.
Available in the following California counties: Alameda, San Francisco, Santa Clara,
Sacramento, San Mateo, Orange, LA and San Diego. And in New York
(except Nassau and Suffolk counties), Nevada (Clark County only), MA, WA and GA.
Hedge Fund, Stated Income-Stated Asset (SISA) Loan Product for Residential
Hedge Fund, Stated Income-Stated Asset (SISA) Loan Product for Residential
or Commercial
2) Stated Income, Stated Asset Purchase or Refinance Loan, Loan Amounts to $2,000,000.
Loans for Non-Owner and Investment properties up to 70% LTV.
Terms: 3 and 8yr ARMs - fixed then adjustable for remainder of 30 years.
2) Stated Income, Stated Asset Purchase or Refinance Loan, Loan Amounts to $2,000,000.
Loans for Non-Owner and Investment properties up to 70% LTV.
Terms: 3 and 8yr ARMs - fixed then adjustable for remainder of 30 years.
Rates from 7.49% and 2 points.
650 minimum FICO score required. Interest reserve options. 21 day close of escrow.
Construction to completed 65% LTV
Investor & REO financing - Any amount of properties allowed
In Bankruptcy or Foreclosure OK.
Unlimited cash out. No title seasoning required.
Available in: USA.
Alternative Documentation (ALT-Doc) Loans
3) 12 Month Bank Statement Averaging or 1 Year Taxes or Asset Amortization
650 minimum FICO score required. Interest reserve options. 21 day close of escrow.
Construction to completed 65% LTV
Investor & REO financing - Any amount of properties allowed
In Bankruptcy or Foreclosure OK.
Unlimited cash out. No title seasoning required.
Available in: USA.
Alternative Documentation (ALT-Doc) Loans
3) 12 Month Bank Statement Averaging or 1 Year Taxes or Asset Amortization
Loans for Self-employed Business Owners. No Taxes, w2's or 4506T are required.
Must be Self-Employed for the last 2 years. Realtors are considered self-employed.
3, 5, 7 and 10/1 ARM's, 30 years amortization. Rates from 3.875%.
Owner Occupied and Non-Owner Investment properties, SFR and 1-4’s.
Loan to value up to 80% for a purchase or rate and term refinance to 4M
LTV up to 70% for a Cash out Refinance to 3.5M
Interest only payment available. Minimum FICO score is 680
Must be Self-Employed for the last 2 years. Realtors are considered self-employed.
3, 5, 7 and 10/1 ARM's, 30 years amortization. Rates from 3.875%.
Owner Occupied and Non-Owner Investment properties, SFR and 1-4’s.
Loan to value up to 80% for a purchase or rate and term refinance to 4M
LTV up to 70% for a Cash out Refinance to 3.5M
Interest only payment available. Minimum FICO score is 680
Qualifying - Using the Borrower’s last 12 primary Personal bank statements,
we average the gross deposits, draws and wires from your business and use that
as the income to qualify for the loan.
OR using the Borrower’s last 12 primary Business bank statements, we average
the net deposits, less withdrawals and use that as the income to qualify for the loan.
45% DTI based on deposits and debts on the credit report and with the new mortgage.
45% DTI based on deposits and debts on the credit report and with the new mortgage.
We need proof of 9-12 months PITIA reserves for the subject
property seasoned in the bank for 60 days on Owner Occupied and 12 months reserves
on all debt on Non-Owner properties.
This loan is available: Nationwide
This loan is available: Nationwide
Private Money to 75% LTV - Close escrow in 10 days
4) Private Money Loans for Non-Owner Occupied properties. 1st Trust Deed Mortgage Loans for
purchase and refinance up to 75% LTV.
Terms: 2 and 4 year, interest only loan amortized for 40 years. Rates from 6.99% and 2 points.
NO minimum FICO score required. Interest reserve options.
10 day close of escrow.
Investor & REO financing.
Any amount of properties allowed.
In Bankruptcy or Foreclosure OK.
Unlimited cash out.
No title seasoning required.
Loans available: Nationwide.
Terms: 2 and 4 year, interest only loan amortized for 40 years. Rates from 6.99% and 2 points.
NO minimum FICO score required. Interest reserve options.
10 day close of escrow.
Investor & REO financing.
Any amount of properties allowed.
In Bankruptcy or Foreclosure OK.
Unlimited cash out.
No title seasoning required.
Loans available: Nationwide.
Requirements and Documentation:
Complete the loan application, leaving the income section blank, initial, sign,
date and return. Provide copies of Drivers Licence and Social Security card.
Send copies of the Bank Statements (Last 2 for HELOC,12 for Bank Statement
program), Mortgage Coupon, Insurance Declaration page and Purchase Agreement,
if purchase. We will provide a Loan Consultancy Agreement and Escrow Instructions,
to be fully executed and returned. Scan, label and email all documents.
HELOC:
Last 2 months Bank/Asset statements showing 60 months of payment reserves.
HELOC:
Last 2 months Bank/Asset statements showing 60 months of payment reserves.
20 months of that should be liquid. Credit will be pulled at the Bank and must be
derogatory free last 24 Months. No bankruptcies, mortgage lates, foreclosures,
short sales, deed-in-lieu or loan mods on credit history in the past 2 years allowed.
Borrower may be required to open a deposit account with the Bank (FDIC insured)
and enroll in auto-pay for the mortgage payment.
12 Months Bank Statements:
Last 12 months Bank or Asset statements showing 9-12 months of mortgage payment
12 Months Bank Statements:
Last 12 months Bank or Asset statements showing 9-12 months of mortgage payment
reserves. Credit will be pulled at the Bank and must be derogatory free last 24 Months.
No bankruptcies, short sales, deed-in-lieu or loan mods on credit history in the
past 5 years allowed, foreclosures (7 years).
Fees:
Fees vary by institution, Loan #1 has .5 point, loan #2 $1495 to 1995, loan #3 $1895 in the
transaction, loan #4 @ $1865 in the transaction, will cover underwriting and processing.
Additional costs are customary escrow, title, docs, prepaid interest, transfer taxes
and recording fees. All loans have separate non-refundable cost of appraisal and
credit report, +/-($550).
Origination: Stated HELOC Loan #1 - 2.5 points in a Holding Escrow account.
Loan #3 - Loans under 300K - $4000, Loans under 450K Flat fee of $5000, over 450K Flat fee of $7000
in Holding Escrow paid at the close of escrow. (Holding Escrows are opened in the borrower's name to be
funded beforehand and paid at the close of escrow of escrow, fees are fully refundable in the event of no
close of escrow).
Loan #4 - 2 points origination in the transaction.
The information furnished here is preliminary. This is not an offer nor a commitment to lend and shall not
be construed as such. Rates, terms, loan products and loan conditions may be changed without notice,
example of rates as of 10/11/15 on a CA refinance loan amount of $417,001 with 740 FICO and 70% LTV,
30 year 7/1 ARM, 4.875%/4.95% APR. All private money loans offered in accordance and compliance
with CalBRE regulations. Stated loans are provided to, and conform with applicable state laws regarding
commercial lending transactions for business purposes. All loan transactions are subject to the submission
of a formal application, appraisal, underwriting, and written lender approval. Loan approval terms may vary
by asset type and borrower credit worthiness. Insurance acceptable to the lender on subject property is
required to be maintained on the subject property for the duration of the loan.
*Up to $500 credit in the close of escrow!
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