Alt Doc Second Mortgage Loan Program

easy doc 2nd second home loans with just 24 months bank statements

Alt Doc Second Mortgage Loan Program

We offer an Alt Doc Second Mortgage Loan Program

Also know as a bank statement only loan. We do not require Tax returns for self employed persons. But if you are a wage earner, that is you work for someone else, we require full doc.

This is a loan that goes behind a first trust deed. That fist Trust deed loan must be at a rate below 5%. Credit fico requirements for our “2nd” second home loans are stated below. Usually the cumulative loan to value CLTV can not be more than 75%. Our 2nd Trust Deed loans can be used for residential condos and 1-4 unit properties that are owner occupied. We specialize in easy-doc-or-alt-doc-second-mortgage-loans-stated-income.

Our Alt doc second mortgage or “loan” is very popular for self employed persons. They use this loan to assist in capital for their business.

 2017 Calender on the red cubes

 Second Mortgage Rate Sheet & Matrix:

  • Up to 75% CLTV
  • Down to 600 Fico
  • No Seasoning on Short Sales
  • One Year Seasoning for Foreclosure’s & BK’s
  • 50% DTI
  • 30 Year Amortization 7/1 Hybrid Arm
  • 15 Year Fixed
  • No Balloons
  • Up to $1 million Combined Loan Balance
  • You income qualification – You choose full doc or 24 months months bank statements

  Rates and LTVs

a- to b second home loan rates alt doc using 24 months bank statements

Alt Doc Second Mortgage Loan Program

                                                                                                                                 a+ to a- second home loan rates alt doc using 24 months bank statements

 

 

 

 

 

general info on second home loan rates alt doc using 24 months bank statements

 

adjustments to the rate on second home loan rates alt doc using 24 months bank statements

 

 

 

 

 

 

 

 

Calculate the final rate and fee
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Fees: Underwriting & Processing $1,695
Base Fee on All Loans;
2.75% for all loans.  Loans outside of of CA have an additional fee of $1500
Total fees are capped at 3% of the loan amount.
Brokers may charge half of one percent as long as total fees do not exceed 3%.

Electronic Privacy Notice: Any rates and terms stated above are for professional real estate mortgage brokers and bankers only. Rates, terms and procedures subject to change daily.

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