Alternative Income Loan

Perfect for smart investors who may not meet traditional income verification requirements or documentation standards, this is a unique loan for clients who are looking to purchase or refinance, but do not fit QM loan requirements. This loan is designed for individuals who have:

  • Been Self-Employed for Less Than Two Years and Can Provide a Record of Their Income
  • Been Self-Employed for More Than Two Years and Have a More Profitable Recent Year
  • Customers Who Recently Transitioned to Commission or Bonus-Based Income
  • Up to $1,500,000 Loan Amounts
  • 700+ FICO
  • Up to 80% Loan-to-Value
  • Up to 43% Debt-to-Income
  • 15 Year and 30 Year Fixed Rate Terms
  • 5/1 and 7/1 Low Interest Adjustable Mortgage Rates (ARMs) Available
  • 6 or 12 Month Reserves
  • Second Homes and Investment Properties Permitted
  • Cash-Out Loans Available