Loan Programs
Foreign Nationals
- 75% LTV for purchase of 2nd home or investment property
- 80% LTV for purchase with qualifying work visa
- 70% LTV for Cash-Out Refinance
- Fix and Flip Construction Loans
- 1-4 unit DSCR Investment Mortgage (no proof of income required)
Bank Statement Mortgage (for US residents)
- Maximum 90% LTV
- 12 or 24 month Business, Co-Mingled or Personal Statements
- Average Deposits over 12 or 24 months
- Minimum Ownership: 20% for Personal Statements and 25% for Business
- Purchase, Rate and Term and Cash-Out
Profit and Loss Mortgage
- Maximum 90% LTV
- 2 months Business Uses CPA or Tax Preparer P&L covering 12 or 24 Consecutive Months
- Net Income Divided into 12 or 24 months = Qualifying Income
12 Months Tax Return No Ratio
- Just proof that tax return has been filed, no income shown
- Maximum 80% LTV
Asset Utilization
- 100% of Checking, Savings and Money Market Accounts
- 80% of Value of Stocks and Bonds
- 70% of Retirement Assets
- Two Different Options to Calculate Monthly Income