Alternative Income Loans

Our Alternative Income loans are designed for borrower’s who have a hard time income qualifying for standard conventional loans because of the income shown on their tax returns, or lack thereof. These programs are for Wage Earners, Self-Employed Borrowers, and Investors with more than 6 month experience in property investments.
Lien Position:
First Trust Deed
HELOC

Loan Amounts:
$50,000 and up

Funding Location:
California

Occupancy:
Owner Occupied
Non-Owner Occupied/Investment
Second Home

Loan Programs Offered:
Written Verification Employment Program for Wage Earners – NO Tax Returns, NO 4506-T
1 Month Bank Statement Verification for Self-Employed Borrowers
12-24 Month Bank Statement Program for Self-Employed Borrowers
Asset Depletion
Stated Income Verified Asset Loans
State Income Verified Asset HELOCs
Investor’s Program
Foreign National Program

Loan to Value:
Up to 90% depending on credit and property value qualification

Interest Rates:
Starting at 4.25%
HELOCs starting at 4.25%

Loan Terms:
3/1; 5/1; 7/1 ARMS (Interest-Only option available)
15 or 30 year fixed rate

Prepayment Penalty:
None to 3 years; varies by loan program

Properties Types Funded:
Single-Family
Multi-family
Mixed-Use
Townhomes
Condos (Non-warrantable – ok)
Rural Properties
Condotels

Credit Requirements:
500+

Appraisal Requirement:
Full Appraisal Required

Origination Fee:
Based on the location of the property, credit worthiness of the borrower, the amount of the loan, and loan term

Closing Costs:
Standard third party costs including, but not limited to, credit report, appraisal, title, escrow fees