I offer lending solutions for just about all your buyer’s situations. Perhaps there have been unexpected credit challenges, a non-warrantable condo, or a self-employed borrower with cyclical earnings.
Below is a sample niche I can offer:
· Loan amounts up to 3 million
· 90 % ltv no MI (Can use 24 months of business or personal bank statements, or assets as income)
· Can use asset depletion income with bank statement or full doc program to get under 50% DTI!
· Stated income to 70% ltv non-owner
· Short sale/Bankruptcy/Foreclosure seasoning better than conventional and fha (can do 1 day out)
· No reserves required
· Accept higher DTI's than conventional and fha
· Unlimited Gift of Funds
· Late mortgage payments in the last 12 months are ok!!
· Mortgage loans for foreign nationals
· Non-warrantable condo’s (loans for condo’s that fannie and Freddie won’t purchase)
· No pre-pay penalty on all programs.
· Fico scores down to 500
· Interest only programs
· Can finance someone who owns 20 properties!
· Stand alone 2nd’s down to 550 fico score (Can use Bank statements for self-employed)
I invite you to run any scenario by me.