Available for self-employed borrowers with a min FICO score of 650, and have established and maintained an excellent credit and payment history. Simply state your Income on our loan application and verify self-employment for two years. This program is for primary home purchases and refinance.
1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 48 loans programs including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407) 300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.
STATED INCOME OWNER-OCCUPIED LOANS
Simply State your Income on the loan application (we dont verify) and provide proof of Self-Employment for two years
Program Guidelines & Requirements•Two years Self-Employed or 1099•Attest & Declare your income on the loan application •For purchases (Max LTV of 75%) Primary Homes only•For refinance (Max LTV of 70% rate and term or cash out)•Minimum credit score to qualify is 650•No mortgage credit events within the last five (5) years •Twenty-four (24) month recent mortgage history required•No charge offs, collections, or tax liens in the last three (3) years•Maximum loan amount of $5,000,000•Minimum loan amount of $150,000•U.S. residents only•Owner-occupied only •SFR / Condo / Townhouse Property Types•Most recent personal bank statement with positive ending statement•Closing Funds may come from the account provided for qualifying income•Only a few months bank statements required for proof of funds to close•No Reserve funds required•Secondary Financing is not allowed•Property must be in good condition and conform to the area•No rural properties_______________________________________•***First-time homebuyers qualify...***•65% LTV Max OR 60% / 80% LTV/CLTV•$2,000,000 Max loan amount•24 Month Rental History