If you are self-employed or a property investor, look no further for non-traditional mortgage loans. Doorway Home Loans offers a diverse range of Non-QM mortgage products that allow you to qualify using alternative income documents including bank statements and “no income-no employment” loans.
Here are some key features of the Non-QM loans:
- Loan amounts to $3MM
- 600 minimum FICO
- 90% LTV to $1.5MM
- No Add for All Bank Statement Loans or for 12 & 24 months
- Full Doc - 1 or 2 years W-2, pay stubs, tax returns, or K1’s.
- Alt Doc - 12 or 24 months personal or business bank statements or 1099’s, 12-month cash flow.
- 3 months business bank statements, Profit and Loss (P&L) only.
- DTIs up to 55% available
- 10 YR IO can become fully amortized. 30 YR option available
- Cash out to 80%
DSCR Investor Loans:
(For Non-Owner Occupied Properties)
- 1-4 unit investment properties
- Loan based on anticipated rental income
- No Income information required
- No employment information required
- 600 Minimum FICO
- Max LTV to 80%,
- Loan amount up to $2MM
- Foreign Nationals to 70% LTV with no U.S. Credit