80% LTV Loan To Value Stated Income Stated Assets to $5M

Yes, you heard it right we have a new loan program 80% LTV Loan To Value Stated Income Stated Assets to $5M.

This is for non owner occupied single family homes. Rental income does not matter. No DTI requirements. This was posted 2022 and is still an active program.

This loan has a term from 6 months up to 5 years depending upon the strength of the loan package. Borrower will need to have a 650 credit score.

This 80% LTV loan program for stated income and stated asset borrowers is for California only.

Whether you are a borrower or a broker give us a call. Please find below the needed documents needed for submission. If you are a broker get set up with us to submit your loans.

List of Forms & Documents Required:

1. Copy of 1st mortgage “Note” sample copy of a Note – if you’re not sure what it looks like.
2. Photocopy of valid ID.
3. Current mortgage statement.
4. Please provide lease agreements when property is leased.
5. Insurance declaration page/quote for coverage.
6. 1003 Loan Application – use printed 1003 leave liabilities blank. 
7. Credit report we will pull or if broker submitted need full 3 bureau – but we still have to pull it.
8. Borrower authorization Borrower’s Authorization.
9. Borrower authorization to run and pay for credit  Credit $ Authorization Form.
10. SI form – Statement of Information SI Form – Statement of Information.
11. How do you want to hold title Vesting Form For Borrower.
12. Social Media disclosure Social Media Disclosure.
13. **To expedite your file organize documents in adobe format “.pdf”.

To find out more about other loan program see our “Hot Loan Products” for rates and guidelines.

you heard it right we have a new loan program 80% LTV Loan To Value Stated Income Stated Assets to $5M.