Non-Agency Programs - Can use 1 year tax return income to quality for a good rate (full-doc pricing). Lowest Loan Amount: $100k
Non-Agency Programs can use asset/equity/bank statements to convert into income to qualify; close to full-doc. Lower Loan Amount: $100k
Rental No Ration, min. 25% down, Min. FICO 620. No Job/Employment needed. Much cheaper than private/hard money.
Non-Agency Programs can use agency DU guidelines to underwrite.
Borrowers (especially High-Tech Borrowers); 80/10 million purchase price, very good rate similar to 20% down.
Also, 10% down up to $3 milssion purchase price, no Mortgage Insurance (15% up to $3 million, no MI, better rate)
H-4 VISA okay even for borrowers with F1 VISA w/ EAD, do-able for Non-Agency Programs
Credit and Employment history less than 2 years. At current job, RSU/Bonus less than 2 years, all feasible
House Upgrade- buy without having to sell first, can exclude departure PITI 100%
Lite Doc. can use WVOE or VVOE w/ 2 month bank statements to qualify. 12/24 month bank statements available to cash-out up to 70% of $5 million using bank statement ($2 million cash-out).
A lot of investment property mortgage financing specials
Gift Fund 100% allowed (30% down payment required)
20-25% down similar to owner-occupied
15 year ARM available for rental special
15% down, investment, no MI, good rate, can use Full/Lite Doc
40 year amortization, interest only, cash-out,...
Even Non-Agency (True Jumbo Loans), GMCC can underwrite and fund in-house...