LENDERLINE^® is currently offering alternative documentation mortgages using post-closing assets that exceed the loan amount to qualify under the following guidelines:

• The property must be located in the State of California.
• Post-closing assets must exceed the loan amount by at least $1.
• Most recent 2 months personal bank statements used to document assets.
• Income is not stated on the loan application.
• Debt-to-income ratios are not calculated.
• No tax returns.
• No 4506-T.
• Self-employed or wage-earners allowed.
• Primary residence, second home, and non-owner-occupied transactions allowed.
• Purchase, rate and term, or cash out refinance allowed.
• Up to 75% LTV for all occupancy and loan purposes.
• 600 minimum credit score (see underwriting guidelines for LTV restrictions).
• See underwriting guidelines for seasoning requirements for foreclosure, deed-in-lieu, short sale, or bankruptcy.
• SFR, PUD, condo, townhouse, condotel, and 2-4 units allowed.
• Rural properties allowed on a case-by-case basis (maximum 70% LTV for purchase, 65% LTV for refinance).
• First time home buyers allowed (maximum 65% LTV and $1,000,000 loan amount).
• US citizens and permanent residents allowed.
• $75,000 minimum loan amount.
• $5,000,000 maximum loan amount.
• Gift funds allowed for entire down payment and closing costs.
• No reserves required.
• 5/1 ARM, 7/1 ARM or 30-year fixed rate available.
• All loans require impounding of property taxes and hazard insurance.
• Interest-only option available (see underwriting guidelines and pricing adjustment).
• No prepayment penalty.

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LENDERLINE^® is your alt-doc assets exceed loan amount lender of choice. We are mortgage lenders for the self-employed, and are one of the nation’s premiere stated income lenders.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE^® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.