• Property Types: 1 to 4 Family, Condos and Coops

• Applicant(s) must be self-employed for a period of at least two (2) years

• A letter must be provided from non-affiliated certified public accountant or lawyer verifying that the applicant(s) are self-employed

• Applicant(s) must have a credit score no less then 600

• Net worth of the applicant(s) must be equal to three (3) to six (6) times the annual stated income

• Purchase: Maximum LTV of 75% on Owner-Occupied properties

• Refinance: Maximum LTV of 70% on Owner-Occupied properties

• Purchase: Maximum LTV of 70% on Investment properties

• Refinance: Maximum LTV of 65% on Investment properties

• Loan amounts to $ 1,500,000 (minimum loan $ 150,000)

• Term 25 or 30 Years Fixed (1 year prepay penalty)

• Unlimited cash-out on refinances

• Maximum qualifying ratios of 35% Front and 40% Back

• Liquidity prior to closing must be equal to the down payment PLUS closing costs PLUS two (2) times the anticipated monthly principal, interest, tax payment and insurance ("PITI")

• Liquidity after closing must be equal to at least two (2) months PITI

• On Owner-Occupied properties: 12 months consecutive bank statements (personal and business) are required that show deposits sufficient to substantiate income stated on application

• On Investment properties: 4 months consecutive bank statements (personal and business) are required that show deposits sufficient to substantiate income stated on application

• Lending in - NASSAU, SUFFOLK, NYC and WESTCHESTE. Northern New Jersey - Hudson and Bergen Counties.  

Apply Now

Return to Loan Options