We lend in all 50 states and have programs that other banks don’t!
Whether you are the Borrower, Realtor or Loan Officer we want to talk to you!
Submission Form below. Loans to 5 Million Dollars
Please take a moment to review some of our guidelines in regards to assets:
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You can now benefit from flexible programs for non-traditional loan scenarios. This includes Portfolio Lending Programs, built specifically for borrowers with non-traditional lending needs, such as self-employed clients, and clients with unique financing scenarios.
Full Documentation Loan Programs
100% gifts allowed
No Trade-lines Required
Higher DTI allowed than QM Jumbo
Alternative Documentation Loan Programs
1-year Tax Return
12-month Bank Statement
Loans for Truck Drivers and Uber/Lyft Drivers
Expanded Criteria Loan Program
Buy again 1 day after Short-Sale or Foreclosure ( only 1 “event” allowed )
2 years after BK Jumbo
Asset Summary
Gift Funds
– We don’t require the borrower’s assets statements. We do require a gift letter and the matching wire transfer to escrow or to our borrower’s account.
– QM- Gift funds for down are allowed after 5% of the borrower’s own funds.
– Non-QM: Gift funds for the down are acceptable. We don’t require 5% of the borrower’s funds.
– Alt Doc and Expanded Criteria: No gifts allowed
Business Funds
– Business Funds may be used for down payment, closing costs and reserves according to the borrower percentage of business ownership. Borrower must be the majority owner of the business.
– We require a CPA letter to confirm 1) The borrower is self-employed 2) Funds won’t affect the business
Reserves
– Non-QM-We can use 100% of stock, cash, retirement, etc.
– All Other Products-
– 100% of cash or money market
– 70% of stock, bonds or mutual funds
– 60% of retirement if < 59.5 and 70% if > 59.5
Other Items
If a borrower is on an account with a non-borrower, we can use these assets with a 100% access letter from the other account holder.
Large Deposits- This is subjective and there is no rule of thumb. Generally, irregular/large deposits should be sourced. At a minimum, an LOE. We may need the actual source though as well.
Foreign Funds- We can use Foreign Funds, but they need to be translated by a certified translation agency with the currency converted to domestic currency.
NOTE: Not all applicants will qualify. Program availability and terms are subject to change without notification. The above noted agencies warrant that you will qualify for any of the aforementioned loan products. This product listing is not a contract, nor exhaustive program description, and does not constitute loan qualification or approval.