Alternative Loans

Alternative Loans (Non-QM)

These mortgage loans are non-traditional programs that are not subject to the standard Fannie Mae and Freddie Mac lending guidelines. They allow borrowers more flexible loan terms regarding down payment, income documentation and down payment guidelines to help borrowers obtain a mortgage loan. Non U.S. citizens and Foreign Nationals and Self Employed borrowers could greatly benefit from them. These loans typically require a larger down payment and come with higher interest rates, fees, and some allow little to no credit history. Call or email us for rate quotes.

Programs:

  • No Income Verification / No W2’s / No Bank Statements / No Taxes / No Ratios
    Primary Residence or 2nd Homes
    1 to 4 units, Condos, SFR or PUD
    Loans up to $3m
    25% Down Purchase
    25% Equity for Refinance
    35% Equity for Cash Out Refinance
    680 Minimum Credit Score

  • Bank Statement Loans
    25% Down Primary Residence 680 credit score
    30% Down Rental property 680 credit score
    12 to 24 months of personal or business bank statements
    2 Years Self Employed borrower only
    Average all deposits over a 12 or 24 month period
    12 months personal bank statements: 100% of personal deposits are averaged
    24 months business bank statements: 60% of business deposits are averaged
    No tax returns required
    2 years self-employment required

  • Foreign National: Non US Citizen living outside the USA
    30% down payment required
    No credit history required
    2nd Homes and Rentals okay with additional down payment

  • H1B Visa buyer:
    Primary Residence
    Available 1st month on the job
    No credit history required
    No waiting to establish credit
    20% Down

  • Hard Money Investment Property:
    30% Down 660+ score
    No BK or FC last 2 years
    Refinance to 70% of home value

  • Bridge Loans - Call for more info.

  • Condotel Loans: see condotel program guidelines

  • ITIN Loan:
    Primary Residence
    25% Down Payment
    680+ Credit Score Required

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