Jumbo Select Fixed Home Loans
Credit scores starting at 760
Up to 90% LTV, No MI
LOANGIANT Jumbo Fixed A program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business. Self-employed borrowers represent an underserved market in the mortgage industry. Our Bank Statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.
Loans from $1 million to $50 Million
2 Years Full Tax Returns with all Addendums and Schedules
Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Rates are 30-year fixed
If Self Employed, Two years self-employed required
Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements
Purchase and cash-out or rate-term refinance
Owner-occupied, second homes, and non-owner occupied
1099 option available
40 year fixed interest only available
Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)
Non-warrantable condos allowed