Your 2nd Chance Mortgage

Non Owner No Income – “THE LENDER” NONI Loan Programs

Because these are Non QM Programs we can legally pay any one an Origination Fee.

CONTACT:

Rep:

Aaron Easton

Phone:

949-570-2388

Email:

aeastonat@theLender,com

Website: Click Here

Login: [email protected]

Password: 42279534

6335822308 –www,enccompasstpoconnect.com

PROGRAMS:

• Asset Qualifier

  For those sitting stacks of cash looking to push their savings to work.

  Option 1 –Mortgage Only

  Total post-closing assets must meet 125% of the outstanding mortgage debt for which the Applicant has

  personal liability, including the proposed mortgage(s) on the subject property.

  Option 2 –Simplified

  Total post-closing assets must meet 120% of the proposed mortgage(s) on the subject property plus 30%

  of all other outstanding debt (mortgage and consumer).

  Option 3 – Traditional

  Total post-closing assets must meet the sum of the below:

  * 100% of loan amount

  * 60 months of total debt service (do not include subject property’s PITIA or PITIA

  on rented propertieswith documented rental income)

  * 60 months of net rental losses on rental properties (do not include subject

  property’s PITIA)

  General Conditions;

  * Credit scores as low as 600

  * Recent credit events allowed

  * All occupancy types allowed

  * Loan amounts up to $4,000,000

  * Non-Warrantable Condos allowed

  * No income documentation necessary

  * Multiple financed properties allowed

  * 7/6 and 10/6 ARM, 15, 30, and 40 FRM (40 year term IO only)

  Program Matrix

• Bank Statement Program -Self Employed

  For those who are self-employed and looking to own a home.

  * DTI up to 55%

  * Credit scores down to 600

  * Recent Credit Events Allowed

  * Loan amounts up to $4,000,000

  * Non-Warrantable Condos allowed

  * Max LTV up to 90% (purchase only)

  * Multiple financed properties allowed

  * Personal and Business Bank Statements allowed

  * 2nd Home and Investment properties up to 80% LTV

  * 3 month, 12 month and 24 month Bank Statement options

  * 7/6 and 10/6 ARM, 15, 30, and 40 FRM (40 year term IO only)

  Program Matrix

• Full Doc Loan down to 600 FICO

  For those who file income the traditional way looking to expand their loan qualifications.

  * DTI up to 55%

  * Credit scores down to 600

  * All occupancy types allowed

  * Recent credit events allowed

  * Loan amounts up to $4,000,000

  * Non-Warrantable Condos allowed

  * Max LTV up to 90% (purchase only)

  * Multiple financed properties allowed

  * 7/6 and 10/6 ARM, 15, 30, and 40 FRM (40 year term IO only)

  Program Matrix

• Cig Qualifier

  * DTI up to 55%

  * Credit scores as low as 600

  * Recent credit events allowed

  * Loan amounts up to $4,000,000

  * Multiple financed properties allowed

  * Multiple 1099 qualification options;

  1, Apply a 25% expense factor to all eligible gross receipts.

  2.Profit and Loss Statement

  3. CPA Letter for Expense Ratio

  * 7/6 and 10/6 ARM, 15, 30, and 40 FRM (40 year term IO only)

  Program Matrix

FORMS: