REQUIRED ITEMS FOR SELF-EMPLOYED BORROWERS
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1 YEARS PROFIT AND LOSS STATEMENT PROGRAM
● Up to 80% LTV on purchase
● Minimum 700 FICO score
● Loan amounts up to $2M
● Requires 2 months bank statements
● 25% ownership of business
● required P&L must be prepared and signed by verified CPA/EA/CTEC/Tax Attorney
● Primary residences only

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1099 PROGRAM
● Borrower must be 1099 only - no tax returns required
● 10% expense factor used
● Up to 90% LTV
● Loans up $3M
● Two-year history of 1099 required
● First Time Homebuyers welcomed

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BANK STATEMENT LOAN PROGRAM
● 12 or 24-month business, or personal bank statements
● Up to 90% LTV no MI
● Variable expense factor used, resulting in more qualifying income
● Loans up $3M
● Owner-Occupied, 2nd home and investment properties
● Interest-only available
● 2 years self-employed required

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FOREIGN NATIONAL PROGRAM
● Up to 75% LTV
● Full documentation, bank statement, Asset Qualifier or DSCR program
● Gift funds accepted
● Loan amounts up to $3M o SFR, 2-4 unit, and condos
● Condotels allowed
● Second home and investment properties only

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DSCR PROGRAM
● Qualification based on property cash flow
● Credit scores starting at 660
● No personal income / no employment needed o Up to 85% LTV
● 40 year fixed rate interest only available
● Loans up to $3 million
● No limit on total number of properties
● Purchase and cash-out or rate-term refinance
● Properties can be in LLC’s name
● Non-warrantable condos allowed

● Short term rentals allowed

Any person applying for a mortgage loan must have a Physical Drivers License or a Government Issued Identification and a  physical Social Security Card

DISCLAIMER: Each lending scenario (Loan product) may differ. For a definitive needs list please inquire for specifics.