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
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