Loan Trust Mortgage recognizes not every borrower will qualify for a traditional low debt-to-income loan. But Loan Trust knows ownership in an investment property is more than just a debt-to-Income ratio. That is why we have introduced our Debt Service Compare Ratio (DSCR) loan.
No DTI Ratio
No W2, tax returns or paystub
Mortgage underwriting is based on the property’s income potential compared to the expenses.
Ownership of a primary residence is required
Minimum 620 credit score
No reserves required
As the economic landscape in this country has evolved in recent years, more people have forged unique financial niches for themselves. No longer is it the status quo for Americans to rely on traditional employment or easily quantifiable sources of income. More people have retired, become self-employed, become entrepreneurs, or have found innovative ways to live off of various investments.
100% of checking, savings, and money market accounts
90% of the remaining value of public traded stocks & bonds
70% of retirement assets
6-month seasoning of assets required
Borrowers must have the lesser of (a) 1.5 times the loan balance or (b) $1mm in qualified assets, both of which must be net of down payment, loan costs and required reserves to qualify
NON-PERMANENT RESIDENT ALIEN
Loan Trust Mortgage specializes in financing for a non-U.S. citizen authorized to live and work in the U.S. on a temporary basis. With our Non-Permanent Resident Alien programs, we have the flexibility to qualify the borrower for the following.
Full doc Program
Bank Statement Documentation – personal OR business bank statements
No Income Investment Credit Grade
Foreign CPA Letter Income Verification allowed for investment property transactions, qualifying credit score allowed at 640 or whichever is lower
Minimum credit score of only 620 required
Minimum Reserves 12 months
2 MONTH BANK STATEMENTS
Ideal for the self-employed mortgage borrowers having a difficult time qualifying for the traditional mortgages. Loan Trust Mortgage has the solution. Introducing our new Two Month Bank Statement with Profit and Loss Statement Program.
CPA to provide P/L covering only the last 12 months
Only two months of the most recent bank statements will be required to support the income
Borrower only needs to own at least 25% of the business
The business needs to have existed for at least the last two years
Maximum 70% LTV with a minimum score of 680
ADM will allow combined P/L from 2 separate companies
Loan Trust Mortgage is the leader in working with people abroad that want to buy or refinance their property that is located in the United States. Loan Trust’s focus is to make sure that any borrower who comes through our door has an option to finance. Our Foreign National program is a flexible alternative documentation program with realistic guidelines to help more borrowers qualify.
Borrowers home ownership, in home country is required. Homeownership in Foreign Country will be accepted from a CPA or local government entity
Foreign National borrowers who have been self-employed for at least 2 years are allowed.
A Qualifying Foreign Credit borrower may or may not have a U.S. credit report with no credit score, a single score, or a score with insufficient tradelines. Loan Trust will accept three credit reference letters.
Foreign National borrowers only need 12 months PITIA reserves for the subject property. Assets held in foreign accounts are eligible for reserves.
Perfect fit for business of any size and geographic.
Interest only as well as 25 year amortization loans
Recourse and non-recourse programs
Foreign guarantors accepted
No maximum loan amount
LITE DOC PROGRAM
Program designed for investment properties, condo hotel, offices and multifamily.
Interest only product
Recourse and non-recourse programs
Foreign borrowers and guarantors are accepted
Asset based lending, no income verification