Your 2nd Chance Mortgage

4415 West Harrison Suite 326 Hillside, IL 60162 Phone: 773-677-6460 Fax: 773-439-2450 Email: [email protected] NMLS 1807234

Non Owner No Income – NONI Loan Programs

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

• Alternative Documentation Program - The Popular (#R101 )- Vice -90% For Good Credit Borrowers.

  Alternative Documentation Program – For Good Credit Borrowers.

  

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  * FICO 660

  * Max LTV 90%

  * 12/24 mo. 1099, P&L

  * Asset Utilization, WVOE

  * 12/24 mo. Bank Statements

  * O/O, 2nd Home, Investment

  * Cash out up to $1,000,000

  * Max Loan Amount up to $5,000,000

• Alternative Documentation Program - The Flex Program (#R106) 90% LTV / $3M For Imperfect Credit Borrowers

  90% LTV / $3M Alternative Documentation Program – For Imperfect Credit Borrowers

  

  * Max LTV 90%

  * Up to 50% DTI

  * Min. FICO 580

  * 12/24 mo. 1099 or P&L

  * 12/24 mo. Bank Statement

  * O/O, 2nd Home, Investment

  * Max Loan Amount $3,000,000

  * Up to 10,000,000.00 0n an exception Basis

  * Foreclosure, Deed in Lue, Short Sale, BK – 24 Month

• Bank Statement Program -Self Employed (T101)

  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

• Cash Flow Loan Program (#P101)

  With a wide variety of loan terms options up to 30 years, our rental loans are an

  attractive option for rental property investors. Rates start at just 5.49%.

  • Purchase or Refinance

  • Interest-Only Options

  • $75,000 to $5,000,000

• Coin - Qualify with Crypto (#R106)

  COMMING SOON

• Construction Loans-Ground Up (#P102)

  With housing supply lower than ever, more borrowers are looking to ground-up

  construction to raise their investment game. We offer competitive rates from 9.25%.

  • New Construction

  • Up to 70% LTV

  • Up to $5,000,000

  • 12-Month Loan Term

• Commercial - Mixed Use, Office, Rehabs (#P103)

  Purchase, refinance, or renovate commercial properties. Our commercial loans start at 8.5%

  and can be used on multi-family, retail, office, and mixed-use buildings.

  • Purchase or Refinance

  • Renovation

  • $250,000 to $5,000,000

  • 12-Month Loan Term

• Crisis Impacted Program - Snap (#R102) - 90% LTV

  90% LTV For Those Personally Impacted by a Crisis

  

  
  * Max LTV 90%

  * Min. FICO 580

  * Up to 50% DTI

  * 1 or 2 year Full-Doc

  * Cash-Out $1,000,000

  * O/O, 2nd Home, Investment

  * Max Loan Amount $3,000,000

  * 30 late payments are OK, but No 60

  * Foreclosure, Deed in Lue, Short Sale, BK – 24 Month.

• Fix & Flip 85% Purchase 100% Rehab (#P101)

  Our Fix & Flip lending program is our most popular offering, with rates from 7.5%,

  LTV up to 85%, and coverage of up to 100% of your client’s rehab budget.

  • Purchase or Refinance

  • Renovation

  • $75,000 to $3,000,000+

  • 12-Month Loan Term

• Foreign - International Home Buyers (#R103)

  The Foreign – International Home Buyers

  

  * Max LTV 75%

  * Standard Doc & DSCR

  * Max Loan Amount $2M

  * Assets in Foreign Entity OK

  * Third Party Letter for Income

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  * 2nd Home & Investor Property

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  * 6 Months PITI Reserves required

• Full Doc Loan down to 600 FICO (#T103)

  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

• Full Doc Program up to 90% LTV to $3,000.00 - The Guru Program (#R104) - For Excellent Credit Borrowers

  90% LTV to $3,000,000, Full Documentation Program – For Excellent Credit Borrowers.

  

  * Max LTV 90%

  * Up to 55% DTI

  * Min. FICO 660

  * Cash-Out to $1M

  * Interest Only Available

  * Max Loan Amount $3,500,000

  * 1 or 2 year Full-Doc for Self employed

  * O/O, 2nd Home, Investment Properties

  * Up to 10,000,000.00 0n an exception Basis

• Multi Unit Property

  

  
  * Mixed Use

  * 2 to 8 Units

  * Cash Out up 75%

  * Cash Out 70% 1,500,000

  * Max Loan Amount 10,000,000

• No Income / DSCR - The Zero (#R105) 80% LTV / $3.5M Business Purpose Loans -

  80% LTV / $3.5M Business Purpose Loans – No Income / DSCR

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  * No Ratio

  * Max LTV 80%

  * Min. FICO 600

  * DSCR < 1.00 OK

  * Can Close in LLC

  * Vacant Property OK

  * Cash-Out $1,000,000

  * Investment Properties

  * Max Loan Amount $3.5M

  * No Borrower Income Required

  * 0 x 60 and/or Housing Event OK

• Stock Option Program - Lava - (#107)

  COMMING SOON

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(Must email: [email protected] a copy of the Signed Credit Authorization Form prior to the pull)