There is no income or employment requirement (NIVA).
To help borrowers who cannot get traditional loans, a new alternative financing initiative has been introduced.
- Lending Range: 70 – 700 Credit Score
- Loans for those with credit scores as low as 680 are available.
- There is no cap on cash outs, and doing so reduces the financing by 5%.
- MAIN RESIDENCE
- Single-Family Detached, Townhouse, and Multifamily Cooperative
- Up to 3,000,000
- 1 Month A current bank statement or account that meets the criteria (6 months of reserves, remaining down payment, and closing fees).
- Vacation or secondary residence
- 60 LTV
Income and employment are not necessary for this program, making it ideal for people who either cannot find work or do not make enough money to qualify for a traditional loan. This loan can be used for both purchasing and refinancing purposes, including cash-out refinancing.
There are different forms of funding available, which we provide. Getting started is as simple as calling our office and speaking with one of our knowledgeable loan consultants.
COVID-19 prevents us from verifying salary, but we can confirm employment.
Call Steven Jackson at 813-616-9411 now!
