Alt A – Primary Residence

So what if you have some challenges verifying your income using traditional mortgage methods…or perhaps have some credit blemishes in your past that have standard lending institutions or banks saying no…well…what now?

The standard answer is if you don’t fall into line with traditional lending guidelines, your options are few and far between. You might have no choice but to look into buying all cash or go hard money where you may end up paying anywhere around 4-5 points in fees and get a rate of around 10%-12%. 

We understand that sometimes bad things happen to good people…and we may have some non-traditional loan solutions for you. We have several programs that allow us to use income from various non-traditional sources, such as bank statements or even verifications of income.

Are you looking for a Jumbo loan, and have credit issues or blemishes that prevent the large banks from giving you the loan you are looking for? Contact us for ways we can help. 

Whether you are rebuilding after having recently declared bankruptcy or want to get back into the game after recovering from a foreclosure or short sale…we have loans that can help you get back into the game.

These programs are equity driven that allow for leniency in both the income and credit requirements. What we ask is that you be able to bring in down payments ranging from 5% to 35% down. The realistic rate range will be between the mid 5% to 8%. 

Our goal is to provide you with an alternative to hard money lending as part of your short and long term financial mortgage plan.

Give us a call today for a no obligation look at your loan scenario and see if our Alt A programs are a good fit for you.