Full Doc Programs

Traditional full doc that doesn’t meet conforming guidelines due to FICO, DTI, credit event or property type

Program Niches:

• 1 year tax returns for qualifying.
• Newly self employed.
• Traditional full doc that doesn’t meet conforming guidelines due to FICO, DTI, credit event or property type.
• Declining income will be considered with an LOE.
• Change in business structure (i.e.: schedule C to 1120).
• Switch from W2 to consulting/1099: we will consider less than 2 years.
• Note income with less than 12 months receipt verified.
• Income from Capital gains with supporting documentation to show it will be ongoing.
• RSU and stock option income; we can use prior 12 month vested amount as income with vesting schedule to support the income is ongoing.
• Self-employed tax return add backs: One-time expenses, start-up costs for new businesses and NOL carryforwards.
• Alimony/Child Support: If your client pays, we can deduct it from income rather than count as a liability. If your client receives even if less than 12 months, we will count as income.
• Foreign Income can be used to qualify (refer to foreign national guidelines even if the borrower is a US Citizen).