Loan programs | Lenderline

Alt-Doc Loans Using Written Verification of Employment as Income

LENDERLINE^® is currently offering an alternative documentation loan program which utilizes a written Verification Of Employment as income, under the following guidelines:

Property must be located in the State of California.
Wage earners only.
Income is stated and supported only by a written Verification of Employment.
No paycheck stubs.
No W-2s.
No tax returns.
No 4506-T.
Up to 70% loan-to-value (see underwriting guidelines).
Minimum 680 credit score.
$100,000 minimum loan amount.
$2,500,000 maximum loan amount for 1-unit PUD & SFR.
$1,500,000 maximum loan amount for condominiums and 2-4 units.
Primary residence, second home or investment properties.
Purchase, rate and term, or cash-out refinance.
SFR, PUDs, condos, townhouses, and 2-4 unit properties.
For sale by owner transactions are not allowed.
Maximum debt-to-income ratios are 38/43.
Reserves of either 6 or 12 months PITI required (see underwriting guidelines).
US citizens and US permanent residents allowed.
Gift funds allowed on certain transactions (see underwriting guidelines).
Reserves must come from borrower’s own funds on all transactions.
Impounding of property taxes and hazard insurance not allowed.
Available only as a 7/1 ARM, fully amortized, with a term of 30 years.
No prepayment penalty.

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LENDERLINE^® is your VOE lender of choice. To apply for an alternative income verification loan, also known as a VOE loan or VOE mortgage, call us today.

We have a loan program for every borrower.

We offer the lowest mortgage interest rates in the nation. For today’s interest rates, call LENDERLINE^® toll-free at 1-888-661-7888.

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

Alt-Doc Loans Using Profit & Loss Prepared By CPA as Income

LENDERLINE^® is currently offering alternative documentation mortgages using a profit and loss prepared by a CPA as income under the following guidelines:

Property must be located in the State of California.
Self-employed borrowers only.
Income is stated and supported by a profit and loss prepared by a CPA.
No tax returns.
No 4506-T.
CPA letter required for self-employed verifying business ownership and filing of tax returns.
Borrowers that file their own tax returns are ineligible.
Current plus past 2 years’ business or professional license required for self-employed.
Credit report must show current employer.
No paycheck stubs.
Up to 70% loan-to-value (see underwriting guidelines).
Minimum 680 credit score.
$100,000 minimum loan amount.
$2,500,000 maximum loan amount for 1-unit PUD & SFR.
$1,500,000 maximum loan amount for condominiums and 2-4 units.
Primary residence, second home or investment properties.
Purchase, rate and term, or cash-out refinance.
SFR, PUDs, condos, townhouses, and 2-4 unit properties.
For sale by owner transactions are not allowed.
Maximum debt-to-income ratios are 38/43.
Reserves of either 6 or 12 months PITI required (see underwriting guidelines).
US citizens and US permanent residents allowed.
Gift funds allowed on certain transactions (see underwriting guidelines).
Reserves must come from borrower’s own funds on all transactions.
Impounding of property taxes and hazard insurance not allowed.
Available only as a 7/1 ARM, fully amortized, with a term of 30 years.
No prepayment penalty.

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LENDERLINE^® is your alt-doc profit and loss 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.

Alt-Doc Loans Using 1 Year Tax Return Or W-2 As Income

LENDERLINE^® is currently offering alternative documentation mortgages using 1 year tax return or W-2 as income under the following guidelines:

The property must be located in the State of California.
Most recent 1 year’s tax return or W2 used as income.
Self-employed or wage earners allowed.
Up to 80% loan-to-value with 650 minimum credit score.
Up to 43% debt-to-income ratio.
SFR, PUD, condo, townhouse and 2-4 units allowed.
First time home buyers allowed.
$150,000 minimum loan amount.
$3,000,000 maximum loan amount.
Owner-occupied properties only.
Purchase, rate and term, or cash out refinance.
As low as 6 months PITI reserves (see underwriting guidelines).
2 months seasoning for down payment/reserves.
Gift funds allowed for down payment and closing costs.
Reserves must come from borrowers own funds.
Available as a 5/1 ARM, 7/1 ARM or 30-year fixed.
Interest-only option available (see underwriting guidelines and pricing adjustment).
Impounding of property taxes and hazard insurance required.
No prepayment penalty.

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LENDERLINE^® is your alt-doc 1 year tax return or W2 lender of choice. We offer many mortgage types, including our 1 year tax return or W2 loan program, which is also known as an alt-doc loan.

Alt-Doc Mortgages Using Assets Exceeding Post-Closing Loan Amount To Qualify

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.

Alt-Doc Loans Using 24 Months Personal Or Business Bank Statements As Income

LENDERLINE^® is currently offering alternative documentation mortgages using 24 months personal or business bank statements as income, under the following guidelines:

The property must be located in the State of California.
Most recent 24 months business or personal bank statements used as income.
No tax returns.
No 4506-T.
Self-employed borrowers only.
Primary residence, second home, and non-owner-occupied transactions allowed.
Purchase, rate and term, or cash out refinance allowed.
Up to 90% LTV for owner-occupied purchase.
Up to 80% LTV for owner-occupied rate/term refinance.
Up to 75% LTV for owner-occupied cash-out refinance.
Up to 75% LTV for non-owner-occupied purchase.
Up to 70% LTV for non-owner-occupied rate/term or cash-out refinance.
500 minimum credit score (see underwriting guidelines for LTV restrictions).
See underwriting guidelines for seasoning requirements for foreclosure, deed-in-lieu, short sale, or bankruptcy.
Up to 50% debt-to-income ratio.
SFR, PUD, condo, townhouse, condotel, and 2-4 units allowed.
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 24 months bank statements lender of choice. We offer many loan types, including our 24 months bank statement loan program, which is available as either a fully amortized or an interest only loan.

Alt-Doc Loans Using 12 Months Personal Or Business Bank Statements As Income

LENDERLINE^® is currently offering alternative documentation mortgages using 12 months personal or business bank statements as income, under the following guidelines:

The property must be located in the State of California.
12 months personal or business bank statements used as income.
No profit and loss.
No tax returns.
No 4506-T.
Up to 90% loan-to-value with 700 minimum credit score.
Up to 85% loan-to-value with 650 minimum credit score.
Up to 43% debt-to-income ratio.
SFR, PUD, condo, townhouse and 2-4 units allowed.
First time home buyers allowed (85% LTV maximum).
$150,000 minimum loan amount.
$3,000,000 maximum loan amount.
Owner-occupied properties only.
Purchase, rate and term, or cash out refinance.
As low as 6 months PITI reserves (see underwriting guidelines).
2 months seasoning for down payment/reserves.
Gift funds allowed for down payment and closing costs.
Reserves must come from borrowers own funds.
Available as a 5/1 ARM, 7/1 ARM or 30-year fixed.
Interest-only option available (see underwriting guidelines and pricing adjustment).
Impounding of property taxes and hazard insurance required.
No prepayment penalty.

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LENDERLINE^® is your alt-doc 12 months bank statements lender of choice. We offer many types of loans including alt-doc 12 months bank statement loans. Get a bank statement mortgage today.

Alt-Doc Loans Using 1 Month Personal Bank Statement As Income

LENDERLINE^® is currently offering alternative documentation mortgages using 1 month’ personal bank statement as income:

The property must be located in the State of California.
Most recent 1-month personal bank statement used as income.
No NSFs allowed.
Positive ending balance required.
No tax returns.
No 4506-T.
Self-employed borrowers only.
Owner-occupied transactions only.
Purchase, rate and term, or cash out refinance allowed.
Up to 75% loan-to-value for purchase, and up to 70% LTV for refinance.
650 minimum credit score.
Credit depth required of at least one credit account rated for at least 5 years and two accounts rated for at least 2 years.
24-month recent mortgage history required.
No mortgage delinquency allowed in the past 5 years.
No foreclosure, deed-in-lieu, short sale, or bankruptcy allowed in the past 5 years.
No charge-offs, collections or tax liens allowed in the last 3 years.
Up to 50% debt-to-income ratio.
SFR, PUD, condo, and townhouse allowed.
2-4 units not allowed.
Rural properties not allowed.
First time home buyers allowed (maximum 65% LTV and $1,000,000 loan amount).
$250,000 minimum loan amount.
$5,000,000 maximum loan amount.
Gift funds allowed for down payment and closing costs.
Available as a 5/1 ARM, 7/1 ARM or 30-year fixed.
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 1 month bank statement lender of choice. We offer many mortgage types, including our 1 month bank statement mortgage loan program, which is also known as an alt-doc loan.