Non-Conforming Loan Programs

• Standard A-D Credit Programs
  • Full Income, No income, No Documentation; No Asset Verification
  • Primary Residence, 10% Down Investor, Vacation or Second Home
  • Suburban and Rural (up to 10 acres with value)
    
    
• Niche Programs
  • Extended loan - value (up to 125%)
  • No seasoning refinance
  • 90% Investor purchase
  • 6% Seller's Concessions
  • No money down owner occupied purchase
  • 90% cash out owner occupied refinance
  • Current Foreclosure or Bankruptcy
  • Bankruptcy as soon as 1 day discharged
    
    
• A-D Credit Ratings
  • Debt ratios as high as 55% (higher on exception)
  • LTV limits based on credit rating
  • Self employed or salaried borrowers
  • Seller held second mortgages always acceptable
  • Same judgments, write-offs, and open collections allowable
    
    
• Product Variety
  • Residential owner and non-owner occupied
  • Mixed - used (purchase and refinance)
  • Multiple unit (No restrictions on # units)
  • New Construction
  • Commercial (purchase or refinance)
    
• 80/20 or 80/5/15
  • No Mortgage Insurance
  • Maximize Tax Advantages
  • Seller can pay 6% concessions
  • Qualifying rations up to 45%
  • Keep your long term investments growing