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Asset-Based Home Lending

Buyers: We offer Bank Statement and alternative income financing for those that cannot presently qualify for a conventional type loan (including Foreign Nationals). We are the lender at the closing table that will fund a loan when others will not.   This program is designed for buyers who have 10-20% down payment funds but have obstacles to their credit or income that cannot be overcome at this time to qualify conventionally (for instance: Self-Employed buyers). Most borrowers look at our loans as "bridge" loans until they have cured the difficulty in obtaining a conventional loan and can refinance at that time. Following are some of the features of our loans:

*A fixed interest rate, fully amortized loan to purchase or refinance the property 
* No pre-payment penalty (refinance when you are ready)

*Non-Bank credit qualifying (min 600 Score)
*Must have income, but job changes, self-employment and employment "gaps" are acceptable
*20-30 year terms (or less if preferred)
*Maximum debt ratio per ability to repay standard
*No Balloon payments
*Escrows for Taxes and Insurance required -for the first 5 years
*No mortgage insurance (PMI)
*Up to 80% loan based upon appraised value or sales price whichever is lower (appraisal required) **** See below
* Closing funds must be seasoned and from Borrowers account or sale of a prior home

*Property must be "move-in" ready
*Property inspection may be required (by a licensed inspector)
*Seller may pay closing costs (4%  max) 
*We report to a credit agency so that your credit score/rating can improve

Please fill out our contact form and let's get started!

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