This program is especially beneficial to the self emplyed borrowers with good cash flow but with low verified income due to business expense write offs on personal tax returns. This program does not require tax returns or 4506 Tax forms. Non-self employed co-borrowers are accepted on this program.
– Profit & Loss Statment and CPA letter
– Self Employed borrowers
– Non Self-emplyed co-borrowers allowed
– Self emplyed income not verified
– 7/1 ARM Fixed with no pre-payment penalty
– Primary residence – Purchase, rate and term and cash out refinance
– Second home – purchase – rate & term
– Investment Properties-purchase-rate and term, cash out refinances
THIS IS NOT HARD MONEY – Rates are as low as 4.25% APR!!
– Loan must be over $150,000
– Minimum Fico of 680 required
– Eligible Properties -SFR, PUDS -2-4 Units – Condo (low and High-Rise)
– Personal and business funds are acceptable