The Homelend Platform
Alternative Documentation
Program Highlights
- ALT Documentation
- 600 Minimum Credit Score
- 90% Max LTV/ CLTV Purchase
- 90% Max LTV/ CLTV R&T Refi
- 80% Max LTV/ CLTV Cash-Out Refi
- Max Loan Amount $3.5mm
- Max Cash-Out unlimited if LTV <=65%, $1.5mm LTV <=70%, $1.0mm LTV >70%
- IO Option
Borrower Profile
- Mortgage Pay History 0x90x12
- Non-Permanent Resident Aliens
- Non-Occupant Co-Borrower
- BK/ FC: 12 Months Seasoning
- SS/ DIL: <12 Months Seasoning
- FTHB
- Entity vesting eligible for Investment Properties
- Max DTI 55%
Loan Characteristics
- Bank Statement, 1099, P&L only: 12 or 24 Months
- WVOE, Asset Depletion/Asset Qualifier
- SFR, 2-4 Units, PUD, Condo, Condotel/PUDtel, Manufactured Home, Non-Warrantable Condos
- Rural Properties
- Primary, 2nd Home, Investment
- Cash-Out eligible for reserves
- Gift funds allowed for all occupancy types
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