Designed for high net worth clients that cannot document their income.
- Borrowers are qualified based on verified liquid assets.
- Assets must be documented –Business Bank Statements from 3 to 6 months depending on Assets.
- Loan Amounts up to $2 million min L/A $422,101
- LTV’s up to 70% at $1 million or 60% at $2 million
- FICO scores as low as 700
- Cash out up to $400,000
- 5/1 & 7/1 ARM products only available.
- SFR’s and PUD’s only
- Purchase, Rate & Term and Cash out Only.
- Minimum Net Worth required of $750,000 from all combined sources including business assets, personal property and equity in home.
