– FHA Financing – as low as 580 FICO score – No FICO scores okay.
– HELOAN’s NON-OWNER – as low as 640 FICO up to 70% LTV
– HELOC’s – as low as 640 FICO up to 70% LTV
– Down Payment Assistance Programs available
– Construction Loans
– VOE only, 1099 only, or P&L only – programs available.
– Net Rent income Program documenting income with gross rents (No tax returns required)
– FIX and FLIP
– Can Finance Large Multiple Unit Properties 5+ Units, 675 minimum FICO
– Unlimited Gift Funds ok. Gift is not required to be seasoned or sourced.
– Currently in Forbearance okay. (Do not have to bring forbearance current prior to doc)
– Can close loans in an entity. LLC, etc
– 12 or 24 month bank statement programs for self-employed borrowers. Business or Personal
– A borrower that is both self-employed and wage earner may use bank statements for income, as well as the wage earner income
– Consumer lates are ok!
– Late mortgage payments in the last 12 months are ok!!
– Mortgage loans for foreign nationals
– Interest only programs
– ITIN Borrower’s ok, DACA ok
– Rural properties
– Can finance someone who owns many properties
– Condotels ok
– Use the fico of the borrower who shows the most income on the 1003