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Special Loan Programs - Purchase or Refinance
Many Home Owners or Buyers of any Age, think
that they do not qualify for a home loan due to
low declared income, self-employment,
low Credit Scores, etc...   One of these Programs
might allow you to achieve your dream or need.

12 /24 Months Bank Statements
* Self Employed Individuals with low Declared Income on Tax Return
* Personal or Business Accounts

* Up to 90% Loan To Value * FICO from 560

2 Months Bank Statements
* Self Employed Individuals with low Declared Income on Tax Return
* Personal or Business Accounts

* Up to 70% Loan To Value * FICO from 680

No Income Verification
* Investment Property Only (exceptions)
*Condo-No Reserves
* New Construction
* Short Term Rentals
* Up to 80% Loan To Value
* FICO from 620

Lite Docs - Interest Only

* For Investment Properties, Condo-Hotel, Offices, Multi-Family

* Asset Based * No Income Verification

* Foreign Borrowers and Guarantors accepted.
* Recourse and No-Recourse Programs

* Up to 80% Loan To Value

No Ratio Program

* Based on Property’s Income Potential compared to expenses.
* Must Own a Primary Residence
* No W2/1099/No Tax Return/No Paystub

* Up to 75% Loan To Value * FICO from 620

* No Debt to Income Ratio
* No Reserves

Foreign Nationals

From $75,000 to $5,000,000
* CPA Letter Income or No Income

* New Construction * Short-Term Rentals.
* No Reserve Condo. * Condo-Hotels

* No Condo questionnaire at 65% LTV
* Commercial

* Up to 75% Loan To Value

Asset Utilization

* 100% of Checking, Savings or Money Market
* 90% of Remaining Value Public Traded Securities.
* 70% of Retirement Assets.

* 6 months Seasoning of Assets required.

* All eligible assets Divided by 100 = monthly Income.

* Must have lesser of a) 1.5 time loan balance or b) $1,000,000 in qualified assets.

* Up to 75% Loan To Value
* FICO from 660

Alternative Income (non QM)

* Self Employed only.

* CPA, Profit & Loss Statement only.
* No Bank Statements or Taxes required.
* 100% of Deposits accepted on Bank Statements

* 25% Business ownership allowed.

* Flexible Asset Depletion.

* Deposits from Overseas acceptable.
* No Condo Questionnaire

* No Condo Reserves required.

* Up to 90% Loan To Value
* FICO from 580

* Up to 50% Debt to Income Ratio

Non -Permanent Resident Aliens

* Bank Statements Personal or Business

* Foreign CPA Letter Income Verifcation allowed for Investment properties or qualifying Credit Score at 640, whichever is lower.

* Up to 75% Loan To Value
* FICO from 620

Verification of Employment

* Using Base Salary or Hourly Wage only.
* No W2, No Tax returns, No Transcripts
* Same Employer 2 years or more.
* FNMA written Verification of Employment Form

* 2 months Bank Statements to support at least 65% qualifying income.

* Up to 70% Loan To Value * FICO from 660
* Up to 43% Debt to Income Ratio
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Commercial Properties
* From $5,000,000

* Interest Only (Bridge Option)
* Permanent Financing 10 Years Balloon,
* 25 years Amortization

*Prop must be located within City Limits. Population 100k or higher.

* Foreign borrowers and guarantors accepted.
* Recourse and Non-Recourse Programs.

I you, a friend or your Customers have not been able to obtain a Mortgage, One of these Programs could allow them to refinance or purchase a property. Call 786-262-6486 or email me at rodkohly@gmail.com today to see if any of these could help you or them.


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Special Loan Programs

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