Stated Income Loans

Stated Income Loans

Stated Income Loans

Stated Income Loans

According to the Small Business Administration, there are 10 million self-employed Americans. These loan products are great news for many self-employed, small business owners and investors who are actively seeking a non-traditional mortgage loan.

Portfolio Bank Statements Product: Program 101

Must be self-employed for a minimum of 2 years
Loan amounts of $3.5M: NO TAX RETURNS
LTV up to 70% for a SF, OCC, Rate and Term-Cash out to 60%
Must have 12 months PITIA- for Reserves
Owner occupied, 2nd home and investment properties up to 4 units

Portfolio 1-Year Tax Return Product: Program 203

Must be self-employed for a minimum of 2 years
We only verify taxes for 1 year
LTV up to 70%: Reserves are 12 months PITIA
Purchase, rate and term refi, and refi with cash out
Owner occupied, 2nd home and investment properties up to 4 units

Portfolio Substantial Asset Product: Program 311

Borrowers with high net-worth, significant liquid assets
LTV up to 70%
Purchase, rate and term refi, and refi with cash out
12 months of PITIA Assets needed-NO RATIOS
Owner occupied, 2nd home and up to 2 units

The 50% Program: Program #311

Max LTV is 50%
36 Months of assets-PITIA required
NO DTI CALCULATED, NO EMPLOYMENT REQUIRED
Purchase, Rate and Term Re-FI, and Cash Out

Our Special Full-Doc

BK ok! Mortgage Late’s OK! Short Sales OK!
Fico min 660, Max DTI 43%, Purchase Only, Owner Occ Only, No first time home buyers, 5/1 and 71/ ARM

Portfolio Foreign National Product: Program #457

Call 415-595-9664 for details