If you have any questions, please contact us. 832-877-8309 or email us at aloanmortgage@gmail.com
Full Doc NQM
– Traditional Income Docs
– Loan amount up to $3mm
– Super Prime & Prime Access Program
– DSCR reduced 0.5 across the board
12/24 Month Bank Statements
– Business and Personal
– Loan amount up to $3mm
– Super Prime & Prime Access Programs
2 Months Bank Statements
– 2 Months Bank Statements to Support 1 year CPA P&L income
– Loan amount up to $3mm
– Super Prime & Prime Access Programs
Asset Utilization
– Cash out available
– Income calculation – All Eligible Assets Divided by 100
– Super Prime & Prime Access Programs
DSCR
– No Income, No EMP. on 1003
– DSCR ≥ 0.75
– Loans up to $2 mm
– Cash-out proceeds may be used for Reserves
Non-Permanent Resident
– Bank Statements Allowed
Foreign Nationals
– CPA Letter or EMP. Letter
– 1 Credit Ref, 1 Bank Ref
– Gifts are permitted
– Reserves overseas allowed
2Y CPA P&L
– 2Y P&L prepared by CPA or Enrolled Tax Agent or Licensed Tax Preparer
WVOE / 1099
– Completed FNMA Form 1005 for 2 year history with same employer
– Cash out available