NO TAX RETURNS MORTGAGES
NO TAX RETURNS MORTGAGES
COMPLETE FOR A FREE PERSONALIZED QUOTE
PROGRAM DETAILS:
•LTV up 75% for Purchase and Rate & Term Refinance. Up to 65% for Cash-Out Refinance.
•Minimum FICO credit Score: 640+
•No income or employment Documentation Required
•Just One Month bank statement for Proof of Funds
•Available for primary and second homes
•30-Year Fixed and 5/7/10 ARM options
•Interest-Only payment options. •Reserves: 12 to 24 Months of PITI (Based on borrower’s FICO) – Cash-Out funds can be used as reserves!
•Loan Amount Limits: $200,000 to $3,000,000
EXAMPLE SCENARIO:
Rates as of 06/21/23 and are subject to change. The following example is for a Purchase loan in L.A County for a borrower with a mid-FICO score of 740+, 3 months of PITI in reserves, and property Loan-to-Value (LTV) ratio up to 60%, For 30 year Fixed option, loan amount of $400,000 at 9% (APR 9.14%), P&I is $3,219, estimated loan costs: $11,800.
Available in California and Florida
PROGRAM DETAILS:
- Business Deposits verified by 3 or 12 or 24 months of Bank Statements
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LTV up 90% for Purchase and R/T AND Cash-Out Refinances.
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Minimum FICO Score 620
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No Business or Personal Tax Returns!
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Available for Primary, Second Homes or Investment Properties
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30-Year Fixed and 5/7/10 ARM options
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Interest-Only payment options.
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Reserves: 6 to 12 Months of PITI
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Loan Amount Limits: $200,000 to $3,000,000
Rates as of 06/21/23 and are subject to change. The following example is for Purchase with 24 months business statements, averaging deposits to meet 43% DTI, a borrower with a mid-FICO score of 740+ and ACH direct payments, and property Loan-to-Value (LTV) ratio up to 65%. A 30-Year Fixed-Rate loan example is based on a $400,000 loan amount at 7.125% (APR 7.25%), P&I is $2,659 estimated loan costs: $11,800. Rates are subject to change. PI payment does not include taxes, home insurance premium, and HOA dues, which will result in a higher total monthly payment.
Available in California and Florida
PROGRAM DETAILS:
- Single Family, Condos, 2 to 4 Units or 5 to 29 Units
- LTV’s up to 85% / 80% for 5+ units
- Unlimited cash-out up to 80% LTV / 75% for 5+ units
- Minimum FICO 620 for 1 to 4 units / 625+ for 5+ units
- 30 Year Fixed or ARM options
- Fully Amortized or Interest Only options
- DSCR as low as 0.75 for 1 to 4 units / 1.0 for 5+ units
- No 4506T, Tax Returns or any personal income verification
- First Time Investors are allowed
- Multipurpose LLC are allowed
- As little as 3 months reserves
- Vacant – OK, able to use market rents
- Loan Amount Limits: $200,000 to $3,000,000 for 1-4 Units / $250,000 to $7,500,000 for 5+ Units
EXAMPLE SCENARIO:
Available in AL, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY
PROGRAM DETAILS:
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LTV up 80% for Purchase and Rate & Term Refinance/ up to 75% for Cash-Out Refinances
- Minimum FICO 620
- P&L prepared by a licensed accountant required
- Avaliable for primary and second homes
- 30 Year Fixed and 5/7/10 ARM options
- Interest Only payment options
- Reserves 6 to 12 months of PITI – Cash-Out funds can be used as reserves!
- Loan Amount Limits: $200,000 to $3,000,000
EXAMPLE SCENARIO:
Rates as of 06/21/23 and are subject to change. The following example is for Purchase with a Profit and Loss Statement prepared by a licensed accountant with a Net Income after expense ratio sufficient to meet 43% DTI, a borrower with a mid-FICO score of 760+ and ACH direct payments, and property Loan-to-Value (LTV) ratio up to 60%. A 30-Year Fixed-Rate loan example is based on a $400,000 loan amount at 7.50% (APR 7.63%), P&I is $2,797 estimated loan costs: $11,800. Rates are subject to change. PI payment does not include taxes, home insurance premium, and HOA dues, which will result in a higher total monthly payment.
Available in California and Florida
PROGRAM DETAILS:
- LTV UP TO 75%
- Investment SFR’s, Condos, and 2-4 Uints
- NO ASSET VERIFIED
- CLOSE IN 10-21 DAYS*
- NO INCOME VERIFIED
EXAMPLE SCENARIO:
Rates as of 06/21/23 and are subject to change. *Some loans may take longer than 10 days to close. To qualify for the above sample rate, LTV up to 60%, borrower must be current on all mortgages. FICO 740+.Investment SFR’S 2-4 UNITS. Have atleast 6 verified experience 1st TD’sand non construction loans only. Origination fee of 2.5points, plus underwriting, processing, appraisal and prepayment penalty apply. N/O/O SFR’S and 1-4 unit only. Other programs with FICO requirement and up to 80% LTV are available, call for details. Restrictions Apply. Terms are subject to change, Loans are funded by Pacific Capital Funding Corp is licensed by Cal DRE Lic: 02039562
WHAT OUR CLIENTS SAY
NMLS ID: 2003033 Lic: 60DBO-116526
24007 Ventura Blvd Suite 260, Calabasas, CA 91302
Rates are subject to change without notice. Minimum Loan amount: $200,000. LendingPlace is a subsidiary of LendingPlace, Inc. NMLS ID: 2003033 licensed as a broker in California by DFPI Lic: 60DBO-116526 and in Florida Lic: MBR4920. In addition, DSCR Loans are also available in AL, AR, CO, CT, DE, DC, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY. All rights reserved by LendingPlace Inc.