No Doc Mortgages
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We offer no doc mortgage loans, which don't require W2's, 1099's, or Tax Returns.   We're the premiere lender for self employed and business owners for no doc mortgages.  We offer no doc loans for owner occupied, second homes and investment properties.
No Doc Mortgages
A true No Doc Mortgage only requires an average credit score. No IRS tax returns, No W2’s, No Form 4506, No Bank Statements. Just a legitimate business and a property which meets underwriting conditions. However, there are other No Doc Mortgages, which required a little more information like bank statements, but No Tax Returns and No W2’s. You will find all types of acronyms for these various No Doc Mortgage programs such as the following: 
 
NINA – No Income No Asset Verification 
 
SISA – Stated Income Stated Asset

Rates As Low As 

5.750% 5/1 ARM
6.250% 30 Year Fixed

Mortgage No Doc
What is a No Doc Mortgage?  A No Doc Mortgage is a no documentation loan offered by mortgage lenders.  A No Doc Loan specifically doesn't require the following:  No Tax Returns, No W2's, No Income Documentation, etc.  There are some No doc loans that want the application for employment left blank and the area for income left blank.
Why a No Doc Mortgage?  The number one reason people apply for a no doc mortgage or mortgage no doc program is because they have challenges showing documentation for income that will qualify for a conforming type mortgage.  Most mortgage lender underwriting guidelines require two years of income verified and it usually has to be in the same industry, that have to be supported by filed IRS Tax Forms, W2's, or 1099's.  Many business owner's or entrepreneurs understand the tax laws enough to realize they can write off a bulk load of expenses that are business related and this allows their taxable income to be very minimum, which allows them to pay a much smaller amount in taxes.  Unfortunately, mortgage lenders are going to use the net income figure reported to the IRS as the income and very few people who are business owner's will be able to qualify although they have the cash flow to support the real estate asset.  So, this is why many savvy business owner's and entrepreneurs choose a No Doc Mortgage or No Doc Loans which makes it easier to qualify and without lying to the lender since it's no income documentation accepted on the loan application.
What are the rates for No Doc Mortgages? No documentation loans have more risk since income and employment aren't verified.  This risk incurred will increase the rate to offset the risk.  Generally if traditionally mortgage rates are at 3.000%, then you can expect 3 to 6 percent added to the rate for a no doc mortgage loan.  We currently offer some of the lowest rates in the industry for a No Doc Loan starting at 5.750%, when most of our competitors are offering rates starting nearly at 8.000%.

No Employment
on Application

No Income 
on Application

No Good Faith Estimate or TIL

Close in 7 Days or Less - Up to 80% LTV - No Reserves Required

No doc mortgages
CPA  P & L ONLY
NO BANK STATE-
MENTS
NO DOC MORTGAGES
  • Loan-to-Value 75%
  • FICO 680
  • Must Be in Business Min 2 Years
  • No Bank Statements Required!
no doc mortgage
12/24 Bank Statements
BANK STATE-
MENTS
12 - 24 MONTHS BANK STATEMENTS
  • Business and/or Personal Statements
  • Up to 90% LTV
  • FICO 560 (80% LTV)
  • 100% Deposits Accepted
  • 50% Expense Ratio
  • Or Expense Letter from CPA, Tax Preparer or Self Prepared P & L
mortgage no doc
2 month bank statements
BANK
STATE-
MENTS
2 MONTHS BANKS STATEMENTS ONLY
  • 12 Month P & L
  • Up to 70% LTV
  • Certified by CPA
  • FICO 680
  • Only 2 Months Bank Statements
No doc mortgages
NO RATIO/DSCR
NO TAX RETURN  NO 1099
NO W2's
NO DOC MORTGAGES
  • Loan-to-Value 80%
  • FICO 620
  • No Debt-to-Income Ratio
  • No Reserves Required!
  • Ownership of Primary Residence Required
  • Underwriting based on Property Income
  • DSCR < 1.00
  • Foreign National Okay
  • No Reserves
no doc mortgage
ASSET UTILIZATION
ASSET UTILI-ZATION
ONLY
ASSET UTILIZATION PROGRAM
  • Cash at 100%
  • Up to 75% LTV
  • FICO 660 
  • Securities at 90%
  • Retirement Assets at 70%
  • Income is - ALL Eligible Assets Divided by 100
  • 6 Months Seasoning of Assets Required
mortgage no doc
Foreign nationals
2 MTH
BANK STATE-MENTS
2 MONTHS BANKS STATEMENTS ONLY
  • Loans Up to 5 Million
  •  CPA Letter/Employment Letter
  • No Income Option
  • NO FICO SCORE REQUIRED, One Score or a Score with Insufficient tradelines
  • Only 2 Months Bank Statements
  • 1 Reference Letter
  • Foreign National borrowers who have been self-employed for at least 2 years allowed.
No Doc Mortgage

No Doc Mortgage Loans are on the rise due to business owners and self employed borrowers that write off large amounts of business revenue.

NO Income Doc
Our premier No Doc Loans Program is the favorite of our investors due to No Seasoning of Funds and No Sourcing of Funds. All We care about is the credit score and the real estate asset.

PROGRAM HIGHLIGHTS
 
Investor Only


Individuals, LLC’s, Corporations and Limited Partnerships


U.S. Citizens, Permanent & Non-Permanent Resident Aliens.


Property Types: 1 – 4 Units, SFR, Townhomes, Condos


Minimum Property Value of $75,000.00 Required & Minimum Loan Amount $56,250.00


Minimum Credit Score 640, Minimum of 3 Active Trade Lines for 24 months, Bankruptcy 4 years out, Foreclosure, SS, DIO 3 Years out

Property can be leased or unleased, but must be rent ready with no deferred maintenance
_________________________________________
  

PROFIT AND LOSS STATEMENT PROGRAM

Self Employed mortgage borrowers had been having a difficult time qualifying for mortgages since the 2008 Great Recession where no doc loans and stated income loans were no longer available. Great news, Loan Trust Mortgage has the solution. Introducing our new Profit and Loss Statement Program.

PROGRAM HIGHLIGHTS

CPA to provide P/L covering the last two full years and YTD income


No bank statements will be required

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 75% LTV with a minimum score of 680


Loan Trust will allow combined P/L from 2 separate companies.

 ___________________________________________

WRITTEN VOE

At Loan Trust, we know even salaried or wage earner borrowers sometimes don’t always fit into the traditional mortgage box. The solution is the new Written Verification of Employment Program.

PROGRAM HIGHLIGHTS

Using base salary or hourly wage only


Borrower must be employed with the same employer for at least two years


FNMA VOE (Form 1005) is completed by the Human Resource Department, payroll department or Officer of the Company


Maximum 43% DTI and 70% LTV, minimum 660 credit score


Two months bank statements deposits are needed to support at least 65% of the qualifying income


No Paystubs, W2s, tax returns or transcripts are required

___________________________________________

 12/24 MONTH BANK STATEMENTS

Perfect fit for self-employed borrowers who are unable to document income with tax returns. Loan Trust Mortgage provides flexibility for the borrower that cannot obtain financing with traditional tax returns. Loan Trust knows borrowers should not miss out on the opportunity of home ownership just because they don’t fit into the box that traditional, out-dated lenders require.

PROGRAM HIGHLIGHTS

12 or 24 months complete business bank statements from the same account.


Can use up to two accounts per business.


Borrower must only own at least 25% of the business


Business bank accounts, personal bank accounts addressed to a DBA, or personal accounts with evidence of business expenses may be used


P&L statement may be prepared by the company or any verifiable third party covering the same period as the bank statements

____________________________________________ 

Outside Dodd-Frank Plus (ODF+)

Wholesale Residential

PROGRAM HIGHLIGHTS

5 to 35 – Unit Properties:


Investment


Business Purpose


Loans to business entities and trust


Mixed – Use

Up to 75% LTV

Interest only payment available

$3,000,000 Loan Amounts

_________________________________________ 

Outside Dodd-Frank (ODF)

No Income Verification

PROGRAM HIGHLIGHTS

No Reserves


Up To 75% LTV


$5,000,000 Loan Amounts


Interest Only Payments Available


No Pre-Payment Penalties


Stated Income for 1 – 4 Unit Properties:


Investment


Business Purpose O/O


Foreign Nationals


Fix & Flips

NO RATIO/DSCR

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.

PROGRAM HIGHLIGHTS

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

____________________________________ 

ASSET UTILIZATION

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.​

PROGRAM HIGHLIGHTS

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.

PROGRAM HIGHLIGHTS

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.

PROGRAM HIGHLIGHTS

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

 _____________________________________

FOREIGN NATIONAL

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.

PROGRAM HIGHLIGHTS

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.

_____________________________________ 

COMMERCIAL LOANS

Perfect fit for business of any size and geographic.

PROGRAM HIGHLIGHTS

Interest only as well as 25 year amortization loans


Recourse and non-recourse programs


Foreign guarantors accepted


No maximum loan amount


Fast underwriting

 _________________________________________

LITE DOC PROGRAM

Program designed for investment properties, condo hotel, offices and multifamily.

PROGRAM HIGHLIGHTS

Interest only product


Recourse and non-recourse programs


Foreign borrowers and guarantors are accepted


Asset based lending, no income verification


Fast closing
 


physician mortgage loans
What is a Doctor Loan?
Medical and dental industry
  • No Down Payment  
  • Low Down Payment 
  • No Mortgage Insurance Premiums Required 
  • Student Loan Payments My Not Be Counted in Ratios 
  • Gift Money May Be Allowed 
  • Contract Can Be Used for Income Instead of Paystubs and W2's 
  • Stated Income Programs 
  • Low Doc Programs 
  • Full Doc Programs
10345
Approved Loans
587
Pending Loans
8723
Clients
History of The Doctor Mortgage Loan
The physician or doctor mortgage loan came about years ago from Bank of America who realize there was an untapped market for mortgage origination's due to the fact that over 16,000 new students who studied medicine were graduating from medical school each year or from residency.  The reason why there was no program is due to the fact that this group of people had little money if any at all left from medical school.  However, they were on track to earn large sums of money in the near future and just about all of them would want to become a home owner.  Although they didn't have any money to use as a down payment and had large amounts of debt and no proven or track record of income earnings to qualify for a traditional mortgage loan, this was a market that needed to be served. 
 
This is when the banking underwriters created a mortgage loan program for an industry with high income earners in the future.  Not only that, but the bank also realized that the default rates were much lower on these loans than the mortgage industry average.  Loans are about risks and the likely hood of paying back and paying on time.  This brought about the physician mortgage loan or doctor mortgage loan.
Physician Mortgage Loans
Mortgage Programs
Conventional
* Conventional 95% LTV
* Conventional 97% LTV
* Conventional 99% LTV
Self-Employed
* 1-Month Bank Statement
* 12-Months Bank Statement
* 24-Months Bank Statement
* Stated Income Only
* No Doc Loans
* W2 to 1099
FHA
* FHA 96.5% LTV
* FHA with 550 FICO
* FHA with 500 FICO
* FHA Refinance
* FHA 203K Streamline
* FHA 203K Renovations
* FHA 203H
physician home loans
Mortgage programs
VA
* VA Purchase
* VA Streamline Refinance
* VA Jumbo Loans
* VA Streamline (IRRRL)
USDA
* USDA 100% LTV
* USDA Streamline
* USDA Home Improvement Loan
No Income Verification
* Investment Purchase
* Investment Rental
* No Doc Loans
* Hard Money
* Commercial Investment
Reverse Mortgage
* Single Purpose Reverse Mortgage
* Investment Reverse Mortgage
* Proprietary Reverse Mortgage
physician home loans
Mortgage Programs
Specialty Niche Loans
* Home Community
* Puerto Rico Borrower Loan
* Family Ready
* Asset Depletion Loans
* ITIN Non-U.S. Citizen Loan
* Cash Flow Loans
* Condotel Loans
* Land Only Loans
* Super Jumbo Loans 95% LTV
* 1 Day Out of Foreclosure Loans
* 1 Day Out of Bankruptcy Loans
* Fix & Flip Loans/Rehab Loans
* No Credit Score Loans
Foreign National
* Foreign National Full Doc
* Foreign National Stated Income
* Foreign National Investment Only
2nd Mortgage Loans
Fixed and Home Equity Line of Credit
Different Types of Doctor Loan Programs
Doctor and Dentist 
Loan Programs 
Our programs provide Established Doctors & New Doctors (MD, DO, DPM, DDS, or DMD) 
with targeted benefits and simple solutions to meet home financing needs.
Established Physicians and Dentists 
* Finance up to $750,000 with no down payment required when purchasing or refinancing 
– or up to $1.5 million with a low down payment 
* Fixed and Adjustable Rate Mortgage (ARM)* loans available  
* No Private Mortgage Insurance (PMI) required
Residents, Fellows & New Physicians 
* Finance up to $750,000 with no down payment required when purchasing a home 
– or up to $1 million with a low down payment  
* Fixed and Adjustable Rate Mortgage (ARM)* loans available  
* No Private Mortgage Insurance (PMI) required 
* Refinancing options are available
Disclaimer & Notice 
After the initial ARM period, it is possible that the borrower's payment may increase substantially over the remaining term of the loan. 
Our New Doctor Loan Program is ideal for licensed Interns, Residents or Fellows in medical residency or scheduled to begin residency within 90 days of closing on a new home, or who have completed residency within the last 12 months and have started working for a hospital or physician group. 
Established Doctor and Dentist Loan Program is ideal for licensed Non-Residents/Interns/Fellows (MD, DO, DPM, DDS or DMD) who are employed with a hospital, dental center or physicians/dental group for more than one year or have been self-employed as a medical doctor or dentist for at least two years. 
Terms and conditions apply. The Doctor and Dentist Loan Program is restricted to primary, owner-occupied residences only. Investment properties, second homes, construction-to-perm and lot loans are ineligible. If the borrower can document that the student loan payment is deferred or in forbearance for at least 12 months after closing, the student loan payment can be excluded from the debt-to-income calculation. 
Loans are subject to credit review and approval of the underwriting department.