The new loan products include the following: Alternative income verification for the self-employed, requiring only one year of tax returns. 50% LTV for up to $4 million in borrowing for those with substantial assets, considerable equity and excellent credit. 65-80% funding on loans from $250,000-$4 million for borrowers with a.

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Niche Loan Programs bank statement mortgages Tax Returns Not Required Form 4506-T Not Required Non-Prime Niche loan programs are special because of unique guidelines that allow for certain efficiencies and deficiencies as it pertains to a specific loan program and loan scenario.

A full documentation loan requires that you verify income with tax returns. crisis such as “alternative-income verification loans” and “bank statement loans.”.

But, the good news is that there is a type of loan called a bank statement loan (also referred to as alternative income verification loans) that meet these borrowers needs. Check your eligibility for a stated income loan now. stated income loans for self-employed borrowers

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Non-prime loans refer to loans that do not fit into the government lending standards. you will need a solution that does not require in depth income verification.

Mega Capital Funding offers a variety of non-QM loan options, including alternate income verification like stated income for self-employed borrowers and on jumbo loans, DTI ratios north of 43%, and interest-only. Michigan Mutual (MiMutual) is a Michigan-based direct mortgage lender that offers non-QM loans and jumbos, per a recent press release.

Accepts alternative credit data for some loan types. May give existing customers a. Pros Offers digital income, asset and employment verification. Has over 150 affiliated loan stores nationwide for.

– Contents Loan. 38 views 2 stated income loans income loans 2017 thriving mortgage banker An Alternative Income Verification Loan is a mortgage where the lender does not use traditional documentation to verify the borrower’s income. These loans are normally intended for self-employed borrowers, or investors who might have.

Alternative income verification loans are ideal for borrowers who are self-employed to purchase or refinance a property minus the need to present their bank statements and tax returns. Even those who are in the low-income category can find alternative income verification loans more beneficial than many traditional loan programs.