For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 Wage EarnersWhy a Bank Statement Loan? With over 14 programs, Bank Statement Loan programs are rapidly becoming the loan of choice For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 wage earners who have cash flow and payment history, but show a reduced taxable income as a result of high deductions even if you are 1 day out of a recent mortgage events (e.g. Bankruptcy, Foreclosure, Short Sale, Deed in Lieu.
What are some of the Qualifications?•Up to 80% LTV with 640 min FICO•Up to 75% LTV with 620 min FICO•NO CREDIT SCORE ? NO PROBLEM * •W-2 income for wage earners and/or last two year tax returns for non w-2 wage earners and self-employed – OK •24 months statements optional for (self-employed only)•New purchases, refinance and cash-out refinancing available•No pre-payment penalties•No mortgage insurance•Gift money from family - OK
We are Approved VA Lenders ! VA guaranteed loans are made by government approved Mortgage Lenders to eligible veterans and their families for the purchase of a home that must be for their own personal occupancy.
BANK STATEMENT LOANS
PUERTO RICO BORROWERSWE OFFER FHA, USDA, AND CONVENTIONAL LOANS FOR PUERTO RICO BORROWERS WHO LIVE, WORK AND FILE TAX RETURNS IN PUERTO RICO WITH 3.5% DOWN PAYMENT!Min 550 FICO to qualify96.5% LTV (3.5% Down Payment)We Accept Your Hacienda Tax Returns15, 20 & 30 YR Fixed Terms + (5/1 & 7/1 ARM Available)No Minimum Tradelines IN ENGLISH Our Loan Pre-Approval Application is for those borrowers who live and/or work in Puerto Rico and would like to be pre-approved with a qualifying amount, rate and down payment that collectively meets with their expectations and budget before making a full commitment to move forward. Once the loan pre-approval application is submitted, one of our professional loan specialist assigned to your account will contact you to review your credit history and last two years (hacienda) tax returns. Once you are pre-approved and agree with the terms. We will issue you signed pre-approval letter and initiate the final underwriting approval process. EN ESPANOL Nuestra solicitud de préstamo Pre-aprobación es para los prestatarios que viven y / o trabajan en Puerto Rico y me gustaría ser pre-aprobado con una cantidad de calificación, la tasa y el pago inicial que satisface colectivamente con sus expectativas y presupuesto antes de hacer un compromiso total con avanzar. Una vez que se presente la solicitud de pre-aprobación del préstamo, uno de nuestros especialistas de préstamo profesional asignado a su cuenta se comunicará con usted para revisar su historial de crédito y dos últimos años devoluciones (hacienda) de impuestos. Una vez que esté pre-aprobado y estoy de acuerdo con los términos. Publicaremos usted firmó carta de aprobación previa e iniciar el proceso de aprobación de la suscripción final
Our new ITIN Tax ID Home Loan Program helps make financing a home easier for qualified Non-US Citizens. Borrowers do not need a Social Security number and can use there ITIN Tax ID number to qualify!NO CREDIT SCORE ? NO PROBLEM * If you have an ITIN tax number and have not established a credit score with 3 or more trade-lines, you can establish a 620 score by providing us with 12 months of on-time payments for 3 alternative sources (rent, utilities, cell, insurance, etc.).Qualifying IncomeYou income must be generated in the USA – No overseas income allowed.Types of Property That Qualify? Single-family, Multi-Property, Condos, Non-Warrantable Condos, Townhouses, Mobile Homes, Vacant Land, and Investment Property.Fix Loan Terms Available 10, 15, 20 and 30 year.Don’t Have a US Bank Account? You will need to establish a bank account before your loan is closed.Identification If you don’t have a Valid State ID, we a passport and Visa will be required
Secure A No-Documentation Loan and take advantage of investment opportunities as they become available. Our no-doc loans include single family residence, residential investment, multi-family, apartments, retail spaces, mixed-use buildings, office, warehouse and 6 Month Interest only Bridge loans. These loans are not available for owner-occupied propertiesTHIS PROGRAM IS IDEAL FOR THOSE WHO ARE LOOKING FOR A MINIMAL OR NO DOCUMENTATION SOLUTION NEED RATES AND TERMS•Complete More Investment ProjectsoWith a No Doc Loan, you can buy more properties. Instead of putting all your capital into one property, you can put a small amount into multiple properties.•Increase Your Profits From Your InvestmentsoUse No Doc Loans to generate more profits from multiple properties and grow your business.•Residential Flip LoansoNo Doc Loans are perfect for Buy-Fix-Sell projects. Includes funding for rehab costs.•How Does a No Doc Loan work?oNo Doc Loans do not rely on the creditworthiness of the borrower. Instead, they look to the value of the property. The lender wants to make sure that if the borrower defaults, there will be sufficient equity in the property over and above the amount of the loan.
Why a Bank Statement Loan? With over 14 programs our Bank Statement Loan programs are rapidly becoming the loan of choice For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 wage earners who have cash flow and payment history, but show a reduced taxable income as a result of high deductions
“We offer programs with 1 day out of a recent mortgage events like Bankruptcy, Foreclosure and Short Sale”
FAMILYReady Mortgage is for borrowers who require income support from a non-borrowing, non-occupant household members to help obtain a loan approval. his programoffers the most flexibility over all other loan types, even ones considered ultra-flexible like FHA and is laser-focused on Millennials, Mixed Families and Minorities who are on the road from renting to homeownership.
WHY RENT ? WHEN YOU CAN BUY !
Use Cash-on-hand (no seasoning required) for Down PaymentUse Family Income as Non-Occupant Co-Borrowers to QualifyUse Current Household Members Income to Qualify - Not on Note!Use Boarder/Room Mate to help QualifyUse Spare Room Rental Income to QualifyMinimum 620 Credit Score to Qualify
Flexible Options with FAMILYReady Home Mortgage
Starting in the 5’s
THE INTEGRITY, HONESTY AND CANDORWhen selecting an lender to manage the mortgage process for you. It is important to keep in mind that integrity, honesty, and candor are just as important as interest rates. So, whether you want to refinance at a lower mortgage rate, restructure your debt, achieve new home ownership, obtain a reverse mortgage, refinance or otherwise seek any type of Mortgage solution. We are here to provide you with a customized mortgage solution with the best personal service from application to closing.Also, it is important to ask the right questions. After all, it is not only the institution but also the Loan Officer to whom you will place your trust and confidence. Our Loan Officers are representatives of our company for which they work. Therefore, the right company and right individual are critical to obtaining the best outcome
Click one of the links below for a Quick Rate Quote !
PURCHASE YOUR HOME WITH JUST 1% DOWN
Let Us Make Your Dream Home AReality
Over 48 loan programsDirect Lenders - Not BrokersManually Underwrite Challenging LoansSame Day Loan Pre-Approval LettersClose Some Loans in 10 DaysWe are VA, FHA and USDA Approved LenderMember of Wholesale Lending NetworksFree Credit Analysis
WhenBanksSayNo!WeSayYes!We are happy to report that 40% of our business is turn downs from other Banks and Lenders.
Features 80% LTV with 600 credit score Min 100,000 - $1M Max Loan Interest only options available
12-Month Bank StatementFICO 680 +
No-Doc LoansITIN ID LoansForeign NationalPuerto Rico BorrowerVacant Land LoansManufactured Homes Home Renovation Cash Flow LoansCommercial Asset Depletion Loan
ConventionalConventional 1% DP Equity Plus FHA - Standard & 203KFHA - We pay closing CostVA - 100% Financing USDA - 100% Financing Jumbo and Super Jumbo12 & 24 Month Bank Statement LoansReverse MortgageInvestment Properties Loans
Listed below are just a few of our Programs
When Banks Say NO! We Say YES!
WEAREEXCITEDTOPRESENTOURNEWCONVENTIONAL1%DOWNWITHEQUITY PLUS LOANPROGRAMYou simply put down 1%, and we (Lender) contribute 2%*, giving you 3% equity at closingGreat low ratesClose in 30 days or lessConventional 30-year fixed programAvailable with no monthly Mortgage Insurance*2% is a lender contribution and may only be applied to down payment