EXPLORE
SIMPLE ACCESS®
It shouldn’t be complicated to finance a home! We saw a need for common sense solutions for self-employed borrowers and those with non-traditional income. Our Simple Access products are just that…simple, flexible, and straightforward.
1099 ONLY
Qualify borrowers that receives compensation in the form of commission or independent contractor basis and receive IRS form 1099 at year-end.
Program Highlights:
- Loan Amounts up to $3MM
- Max LTV Purchase 90%, R/T Refi. 85%, C/O Refi. 80%
- DTI up to 50%
- Interest Only available
- Minimum one year self-employment (with prior related experience)
- Full income documentation for a Co-Applicant may be used in addition to the 1099 income.
INVESTOR CASH FLOW
Created specifically for investors, qualification is based on the income to be generated by the subject property. It’s no longer necessary to have large amounts of cash on hand to build a real estate portfolio.
Program Highlights:
- Loan Amounts up to $3MM
- Purchase or Rate and Term Refinance Max LTV 80%
- Cash out proceeds can be used for reserves up to LTV 75%
- No DTI developed
- No Income or Employment Information Required
- Interest Only available
- LLCs, Partnerships and Corporations are eligible vesting types
- Multiple financed properties allowed
- Vacant Properties: use 100% of market rents on purchases
ASSET QUALIFIER
Eligibility is based on liquid assets in a savings or securities account. No need for tax returns or traditional income documentation. Allows homebuyers to use assets for qualification without tying them up for a home purchase.
Program Highlights:
- Loan amounts up to $3MM
- Max LTV Purchase 90%, R/T Refi. 85%, C/O Refi. 80%
- No Income or Employment Information required
- Interest Only available with a 30 or 40 year amortization
BANK STATEMENT
Qualify your borrowers based on analysis of bank deposits rather than traditional income documentation. No tax returns required. Business or personal bank statements are permitted. Choose from several options for calculating qualifying income.
Program Highlights:
- Loan amounts up to $3MM
- Max LTV Purchase 90%, R/T Refi, 85%, C/O Refi 80%
- DTI up to 50%
- Interest Only available
- Business and Personal Statements allowed
- Multiple bank statement qualification options
- Cash out up to $3MM allowed
FULL DOCUMENTATION
A solution for scenarios that don’t quite fit the guidelines for conventional financing. Qualification focuses on the borrower’s ability to repay based on common sense underwriting, and perfect credit is not required.
Program Highlights:
- Loan amounts up to $3MM
- Max LTV Purchase 90%, R/T Refi 85%, C/O Refi 80%
- DTI up to 55%
- Interest Only available
- All occupancy types allowed
- LLC, Partnerships and Corporations are eligible vesting types
- Multiple financed properties allowed
- One year tax return program available
FOREIGN NATIONALS
Loans for foreign national borrowers utilizing either liquid assets or rental income on
subject investment properties for qualification.
Program Highlights:
- Loan amounts up to $2MM
- No US credit score or history required
- Investment properties only
- 5/6, 7/6 and 10/6 ARM, 15 and 30 year fixed
- No foreign credit verification required
- Credit score down to 680
- Valid visas required
- Defined length of stay is required
- No DTI developed
- No Income or Employment Information required
- Qualify using our DSCR or Asset Qualifier program
Let’s Connect
Get In Touch
CORPORATE
Luxury Mortgage Corp.®
Four Landmark Square
Suite 300
Stamford, CT 06901
(888) 458-6267
WEST COAST
Luxury Mortgage Corp.®
18100 Von Karman Ave
Suite 350
Irvine, CA 92612
(949) 516-0710
