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Self Employed – ONE YEAR TAX RETURNS – Jumbo Loans to $3.5mm

Self Employed – ONE YEAR TAX RETURNS – Jumbo Loans to $3.5 million.

A common request as of late has been Self Employed Borrowers only wishing to provide their most recent tax returns covering a one year period, so yes, WE CAN OFFER THIS AMAZING NICHE to our clientele.

The Self-employed Program which goes as high as $3.5 million in guideline, allows for a Self Employed Borrower to partake of this aspect with the following needs

1. The borrower has been Self Employed for at least 2 years;
2. The borrower provides their most recent tax filings for their Personal & Business Tax Returns with all schedules;
3. An unaudited Profit & Loss is provided from the tax year end to current date.
4. An unaudited Balance Sheet is provided from the tax year end to current date.

Once it’s determined by comparison review that the income is stable, positive and trending; borrower can proceed as a Full Doc loan under the Self-Employed Program

• 85% to $1.5mm loan amounts.
• 80% to $3.0mm loan amounts.
• 65% to $3.5mm loan amounts.
• Unlimited Cashout.
• Gifts allowed.
• Can close in the name of an LLC.
• Interest Only.
• Can be an ARM or Fixed rate mortgage.
• Cashout Proceeds can be used to satisfy the Reserve Requirement

Should you have any questions or comments, please feel free to reach out to us

Introducing High Balance Nationwide! Up To $679,650 Is Conventional

Introducing High Balance Nationwide! Up To $679,650 Is Conventional

Starting today every county in the country qualifies for High Balance up to  $679,650 regardless of the published loan limits.

Take advantage of our exclusive opportunity on conventional high balance loans to all of your borrowers  – even those outside of the counties eligible under Fannie Mae and Freddie Mac – instead of having to push them into a Jumbo loan. Details include:

  • Min 680 FICO
  • Max 80% LTV/43% DTI
  • Loan amounts from $453,101 – $679,650
  • Eligible for primary and second homes
  • Lower rates, easier guidelines, and fewer docs than Jumbo
  • No Manual underwrite
  • Fast turn times, averaging 15 days or less

What all this means is that with new loan limits for 2018 lenders are lending in certain counties with new set loan limits but we are now allowed to use these new loan limits in all counties.

Contact us today at (800) 535-0270 or email us by clicking here.

 

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Non-Prime Cash-Out Refinancing

Non-Prime Cash-Out Refinancing

We give our borrowers the boost they need by adding Non-Prime loans to our product mix of offerings, great for those looking to refinance higher loan balances. Cash-out gives our clients a little financial breathing room while possibly lowering their monthly payment and interest rate as well.

NON-PRIME CASH-OUT REFINANCE PROGRAM HIGHLIGHTS

  • Primary and second home refinancing
  • Loan amounts up to $1.5 million
  • Minimum credit score of 500 (75%)
  • Maximum 80% LTV with no MI
  • Recent credit events OK
  • Non-warrantable condos OK
  • Investment properties OK
  • 30-year fixed, 5/1 and 7/1 ARMS
  • Maximum cash-out is $500,000

Contact us for more information about this cash-out refinancing program.

Call us today at (800) 535-0270 or email us by clicking here.

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