Non-QM Second Mortgages

P&L or Verification of Employment alternative

30 year fixed, 7/6 ARM & 7/6ARM Interest Only Available
Self-employed or wage earner, no 4506C
20% down payment required * Minimum middle credit score 700.
Maximum debt to income ratio 49% * 100% gift funds allowed on primary residence, 2nd homes
Business funds allowed * Do not have to source large deposits
3 or 6 months reserves of P & I * Cash out funds can be used as reserves
No minimum open trade lines with 3 scores *Transferred appraisals allowed with a field review