Specialty Program Highlights
Our specialty programs provide flexibility and simplicity, making the home purchase or refinance process possible when other conventional programs are not a good fit.
No Tax Returns Programs
Our Stated Income, No Income Doc programs allow for self-employed, business owners and wage earners to use alternative documents to establish their income to qualify for a mortgage for home purchase or refinance. These loans provide many financing options including a variety of ARM options, 30 year fixed mortgages and even interest only options. Owner-occupied and investment properties qualify under these loan programs. We are able to provide financing even with as little as 10% Down Payment and No Tax Returns are required for these programs.
Alternative documents include any of the following options:
- Self-employment or company profit and loss (P&L) statements
- Company or Personal bank statements – 12 or 24 months
- Rental income from the subject property – Investor Advantage Program
- As little as 10% down payment options
Investor Advantage Program
For rental properties and in lieu of verified income or tax returns, we qualify borrowers based on the market rental value of the subject property. Depending on the loan scenario, up to 100% of the rental income can be used to cover the monthly mortgage payment, property tax and insurance. No other income is required or verified using this scenario, as long as the rental income from the new property is sufficient to cover monthly PITI.
Bank Statement Program
The Bank Statement program is designed to help self-employed borrowers qualify by analyzing their cash flow. In lieu of tax returns, we can utilize 12-24 months of business or personal bank statements. Income is calculated from the average of monthly deposits, NOT the withdrawals. We provide options with as little as 10% down payment.
1% Down Payment – First Time Home Buyers
Available to first time home-buyers to purchase a property with as little as 1% down payment and qualify for a conventional program that would usually require a minimum of 3% down payment. Under this program, the additional 2% down payment will be provided by the lender as a second trust deed loan which requires no payments and balance of the note is forgiven after 36 months.
Work Visa Loan Program
This program is designed for borrowers who have Work Visas and/or are Expatriates; professionals entering the U.S. on an acceptable temporary or permanent worker visa or U.S. citizens living abroad looking to finance a property in the United States.
Foreign National Program
The foreign national program allows foreign investors to purchase properties in the California; all foreign income, credit and tax documentations are acceptable; For countries with no taxation or credit systems, these documents will not be required.