Alternative Loan Products
Alternative loan products continue to grow in popularity. These hybrid loan products don’t meet the underwriting criteria of regular conventional loans (Fannie/Freddie), making them a great option for borrowers who are self-employed with complex, diversified income streams and significant assets. These borrowers don’t fit the traditional underwriting guidelines and may have difficulty documenting income. In these cases, we take into account the borrower’s entire financial history and all income streams. Are you a business owner without a W-2 for the business? Are you a borrower with gaps in income but are “asset rich” with property and cash on hand? If so, these loans are excellent alternatives for a wider range of credit worthy borrowers, business owners and retirees with unique needs. Here are some of the products we offer.
Note:We now have the ability to lend on investment properties in the following states ( AZ, CO, L, HI, OR, TX or WA. Loan amounts up to $5 million
- Stated income – 3 month bank statement income
- Qualify with 12-24 Month bank statements up to $1 mill
- Mixed use Commercial/Residential Properties
- Investment property Fix and Flip construction loans
- 1-year tax returns for self-employed borrowers, including jumbo loans
- 1-year seasoning for BK and foreclosures, loan amounts up to $2.5 mill
- Supplement other income to qualify with our “Asset Depletion” program
Interest rates have had larger swings in the past 12 months than in the previous seven years. It’s still a great time to consider refinancing (possibly at no cost), consolidate high interest credit card debt, pay off your home equity line of credit (HELOC), shorten the loan term, or cash-out to remodel your primary home or rental property. Call us for a free no obligation consultation. Text me @(626) 818-2610 for a quick response.