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Non-Traditional Loans

Learn more about Non-Traditional loans today.

ADVANTAGES OF NON-TRADITIONAL LOANS

  • Income Documentation Is Not Required: A bank statement loan allows you to use monthly deposits as income instead of having to provide complicated tax returns or W-2s
  • Flexible Debt Ratios: Many non-traditional loans are equity-based instead of traditional debt based. As long as you have the equity, then we should be able to get you approved
  • Shorter Waiting Periods: Most non-traditional loans don’t have long waiting periods, and many can close in as few as 3-5 business days

SOME OPTIONS FOR NON-TRADITIONAL LOANS:

  • Bank Statement Loan
  • Portfolio Loan
  • Purchasing or Refinancing
  • Private Financing

REQUIREMENTS FOR NON-TRADITIONAL LOANS

In order to get approved for a non-traditional loan, you should either be trying to purchase a home in the near future or trying to refinance. If you want to make a home purchase, then your first step is to get preapproved. If you’re looking to refinance, then the requirements may differ from those related to a home purchase.

FHA 100% FINANCING

  • Standard FHA 1st with a Silent 2nd
  • 620 Minimum FICO
  • Income Limits Apply — Contact for Details

PLATINUM JUMBO

  • 95% LTV to $1.5M FULL DOC / 90% to $2.5M ALTDOC (Bank Statements)
  • NO DOLLAR LIMIT on CASHOUT!
  • Up to 80% LTV on IP CASHOUT (Including 2-4 Units!!)
  • Will Consider Non-Warrantable Condos!
  • At 80% LTV, ENTIRE DP can be a gift!!
  • 30Y / 15Y / 5.1 ARM / 30 YW / 10 YIO Available!
  • 1YR TAX RETURN Feature as well!!

If you have any questions about Non-Traditional Loans, please contact USAFC Realty.

Your next home is waiting for you!

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