A breakthrough in borrower qualification. Demonstrate ability to repay through good credit history and lower LTV. No statement of income or employment required. As a CDFI, we serve the underbanked and understand that old tax returns don’t tell the borrower’s whole story.
Your loan approval depends 100% on the documentation that you provide at the time of application. You will need to give accurate information on:
Income Verification
- NONE! No statement or verification of income or employment required!
- No DTI calculated!
- No tax returns or W2s required. Not a bank statement program.
Asset Verification
- 1 Month bank statement (covering at least 30 days)
- 100% Gifts allowed for down payment, closing costs, reserves
- Purchase & rate/term refinance up to 80% LTV
- Cash-out refinance up to 75% LTV, Max $750,000 cash-out proceeds
- 1-4 Units, condos, coops, PUDs
- Second homes allowed
- Minimum 660 FICO
- 5/6m ARM, 7/6m ARM, 15 or 30 year fixed
- Interest only option available on all loan terms except 15 year fixed
- No restrictions for first- time homebuyers