Now We Do Allow Construction Industry Workers on the W2 Transcript Only Program. We are well equipped with providing the right financing.

W2 only Program Details

  • Minimum Credit Score = 620
  • Allowed on FHA, VA, and Conventional Loans.
  • Max DTI is 50
  • Loans with additional rental properties are not allowed
  • VA cash-out is limited to 90% LTV/CLTV
  • All borrowers must be paid with a W2
  • No 1099s
  • No commission income borrowers
  • No self-employed borrowers

Keep in mind this is what else what specialize in.

  • We offer FHA and VA as low as 580 scores
  • Down Payment Assistant programs are permitted
  • Manual Underwrites to 580 on both FHA and VA
  • Manual Underwrites max date up to 40/50 with 2 FHA

Compensating Factors per Mortgagee Letter 14-02

  • VA to 100% LTV cash out
  • Conventional both Freddie and Fannie
  • Freddie allows for Non-Occupied Co Borrowers
  • Underwriting Turn times are now at 48-72 hours.

Have questions or need help?

Call us now at 800-220-LOAN

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