If you own an investment property or you are looking to purchase an investment property and you also cannot verify or show your income, we are introducing a mortgage program that fits perfectly. Its NON-QM loan meaning, not a qualified mortgage which is subject to different pricing and different guidelines. This particular program is only intended for investment properties, NO primary residences are allowed under this No income No asset program. Below is a quick snapshot of what this program is capable of.

  • 640 Min FICO
  • NO INCOME / NO ASSET (Credit and Collateral Loan only)
  • N/O/O (Non-Owner Occupied) Properties only
  • $2,000,000 max loan amounts
  • 75% max LTV
  • No Reserves Required
  • No Prepayment Penalty
  • SFR ( single family residence), Condos, and 2 – 4 units Allowed
  • 2 – 4 Units (5% LTV reduction)
  • 2 – 4 Units max 70% Cash Out
  • CLOSE IN LLC, Partnership or Corporation Name
  • No DSCR – No Debt Service Coverage Ratio
  • 1×30 Mtg lates in last 12 months on Primary
  • 1×60 Mtg lates in the last 12 months on other Properties
  • 6 months Seller Seasoning required
  • Interest Only Option Available!
  • Purchase 75% max LTV
  • R/T ( rate and term) REFI 75% max LTV
  • C/O ( cash-out )70% max LTV
    • Cash Back up to $250,000 70% max LTV
    • Cash Back $250k – $500k 65% max LTV
  • 2 Yrs BK Seasoning
  • 2 Yrs FC Seasoning
  • 2 Yrs Shortsale / DIL Seasoning
  • 3 Tradelines for 12 months + or 2 Tradelines for 24 months +
  • 1 Appraisal up to $1,000,000 loan amount
  • 2 Appraisals $1,000,000 – $2,000,0000 loan amount
  • 3/1 Arm and 7/1 Arm only
  • 7/1 Arm Interest Only Option Available

To learn more about this program please contact our office.

*This product is not regulated by the New York State Department of Financial Services

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