Self Employed Alternative Income documentation loan
·
10% down to $1,000,000.00
loan amount
·
Only 24 Months
Seasoning from:
o Foreclosure
o Short Sale
o Bankruptcy
·
No 4506-T’s
·
Interest Only for Self
Employed Borrowers
·
12 Months Bank
Statements used for Income
·
Maximum $3,000,000
loan amount
·
Qualify with only One
Year of W2's or Tax Returns
·
Investment properties
qualify on gross rental income
Loans for unique or non-conforming properties
·
Mixed use residential / commercial
·
Non warrantable condos
·
Manufactured homes on
permanent foundation and land
·
Bed and breakfast
·
5- 35 units
·
Small light industrial
·
Owner operator commercial
·
Renovation loans for
fixer property
·
Fix and keep loans
·
Fix and Flip loan
Other out of the box loans
Buying down in value without current residence
not yet sold
Buying up in value with equity in current
residence not yet sold
Clients who have not yet closed but want to
buy now
Delayed purchase to refinance right after cash
close
Foreign national
Foreign National
Programs
·
Up to 75% Loan to Value
·
Loan Amounts from
$200,000 to $3,000,000
·
Second Homes &
Investment
·
All property types
including non-warrantable condos
·
Social Security or
ITIN numbers not required
·
No US credit
·
VISA or travel
authorization card
·
Reserves can remain
abroad
·
Income from sanctioned
countries administered by OFAC is not allowed
·
Contact your Account
Executive for details
Full Doc Jumbo and
Conforming Not Chase, Wells Fargo, Bank of America rules
· Owner-occupied, 2nd homes, and investment
properties
· Loan Amounts from $200,000 to $3,000,000
· 90% Loan to Value available
· Debt to Income ratio up to 50%
· 1 Year Tax Return for qualifying
· Credit Scores as low as 620
· No MI on LTV’s >80%
· Interest Only up to 85%
· Single family, townhomes, condos, 2-4 units
· Non-warrantable condos considered
· No limit on number of properties financed
· 3 years seasoning for foreclosure, short sale
or deed-in-lieu
· 3 years seasoning for bankruptcy
© 2019 is a registered trade name of CMG Mortgage, Inc., NMLS# 1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025. Registered Mortgage Banker with the Texas Department of Savings and Mortgage Lending. AZ license #0903132. Offer of credit is subject to approval. To verify our complete list of state licenses
CMG Financial
949 South Coast Drive Suite
240 Costa Mesa CA 92626
C G Barbeau NMLS 324982
(949) 784-9699
