Liberty Mortgage

4415 West Harrison Suite 326 Hillside, IL 60162

Phone: 773-677-6460 Fax: 773-439-2450 Email: [email protected] NMLS 1807234

BluePoint Mortgage

Account Manager:

Luis R. Salgado 

Phone:

949 419-7993 

Email:

[email protected] 

Set Up Coordinator:

Edgar Rodriguez 

Email:

[email protected] 

Web Site:

Click Here 

Login:

[email protected] 

Password:

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Website Broker Portal:

Click Here 

Interest Rates

• DSCR

  * 1-4 Unit Properties

  * Warrantable Condos

  * Interest-Only Available

  * Single Investors Allowed

  * DSCR <1.00 acceptable LTV restrictions apply

  * License is not required in most states. Contact us for details.

  Product Matrix

• P&L Only

  * 24 Month CPA or EA compiled.

  * P&L must cover most recent 24 month period to date.

  * Expenses on the P&L must be reasonable for the industry.

  * The preparer must attest they have prepared the borrower’s most recent tax return.

  * Qualifying income is the net income from the P&L divided by the time period covered (24 months).

• 1099 Only

  *  A 2-year history with 1099 income

  * Checks or single check stub(s) with YTD totals if available, or bank statements (YTD).

  * YTD earnings must be documented to support the ongoing receipt of income showing on the 1099’s by:

  * Earnings from the total of check stubs or the tally of deposits from bank statements must be within 10%

  or greater than prior year earnings.

  Product Matrix

• Asset Utilization

  * Maximum DTI 43%

  * Eligible assets are divided by 84 months to determine income

  * Eligible Assets Include:

  * 100% of Checking, Savings, and MMA

  * 70% of Stocks, Bonds, and Mutual Funds

  * 60% of Retirement Assets: Eligible if the borrower is not of retirement age.

  * 70% of Retirement Assets: Eligible if the borrower is of retirement age (at least 59½)

  Product Matrix

• Bank Statement Loans

  * 12 months required

  * Minimum FICO 660

  * Interest-Only Available

  * Loan Amount Up to $3M

  * Up to 90% LTV on Purchase

  * Up to 85% LTV on R/T Refinance

  * Our team calculates income for you

  * Primary, Second Home & Investment

  * Business

  * 12 months business statements

  * Verify that the borrower owns 20% of the business

  * The business bank statements must reflect business activity and transfers to the personal account.

• 1 Year Tax Returns

  * Loans up to $3M

  * Min. FICO 660

  * Up to 90% LTV on Purchase

  * Up to 75% LTV on Cash-Out