Physician Mortgage Loans
No Doc Mortgage
No Tax returns, no w2's, no irs form 4506....
A true No Doc Mortgage only requires a good 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
No doc mortgage
What is a No Doc or Low Doc Mortgage Loan?
No Doc Mortgage loans
  • “No Doc Mortgage Loans” or sometimes call “Low Doc Home Loans” are mortgage or home loans where documentation for verification of your income is not required. However, all other documentation is usually necessary to offset not verifying income.
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No Loan Programs
5
Stated Income Programs
15
No Income Verified Asset Programs
No Doc Mortgage
No Documentation Mortgage also know as No Doc Mortgage programs were very easy to find 10 years ago before the mortgage melt down in 2007. Many people were using them because they couldn’t show the evidence of the income to support the debt. This is loan finance 101, which basically requires a loan to be issued with the ability to pay back on certain terms the borrower and lender agree on, which is stipulated in the mortgage note. Congress pass new legislation which made it more challenging for lenders to offer this type of mortgage loan to consumers.

 However, No Doc Mortgages still exist today with a hand full of lenders. Yes, if you have a decent credit score and have a legitimate business, you too can qualify for a No Doc Mortgage today. You can be self-employed as a Sole Proprietor, Limited Liability Corporation, S-Corporatation, C- Corporation or a Partnership entity. Keep in mind it has to make common sense. Why would an employed person who can provide W2’s and Tax Returns need a No Doc Mortgage? The only reason is they can’t qualify based on income, so the No Doc Mortgage programs don’t exist anymore for the great majority of Americans who have a job and work for someone else.
NO TAX RETURNS
NO W2'S NEEDED
NO IRS FORM 4506
no doc loans
No Doc Loans
No Documentation Loans
  • Investment Property Loans
  • LTV Up To 75% - 90%
  • Zero Months Reserves
  • FICO As Low As 620 Loan Program
No doc Mortgage
No Doc Loans
Investment Property Loans & Fix and Flip Loans
LTV Up to 75% | Single Family | 2 - 4 Units | Condo's & Town homes
  • No 4506, W2's or Paystubs Required
  • No Income Verification or Employment Verification
  • No Limit Number of Properties Owned
  • Qualify on Subject Property Rental Income/Lease
  • Non-Warrantable Condos Allowed
  • Foreigns National Eligible
  • 30 Year Fixed Rate/360 Month Amortization
  • Minimum FICO 650
  • Purchase | Rate & Term | Cash-Out
  • Vested Allowed Under an LLC or Personal First Time Home Buyers Welcome


Type of Properties
No Doc Loans
We Accept The Following Properties
  • No Reserve Condos
  • Investment Properties
  • Second Homes
  • New Construction
  • Short-Term Rentals
  • Multi Family Properties
  • No-Cash Flow Properties Eligible (DSCR <1.00)
  • No Primary Residence - EXCEPTIONS Available
  • No Condo Questionnaire
  • No Reserves Required
  • Non-Permanent Residents Eligible
foreign national no doc
No Doc Loans
No Income Doc
  • Cash to Close Sourcing Only
  • New Construction
  • Loan Amount Up to $5 Million
  • Must Own Primary Property
  • Vested Allowed Under an LLC or Personal First Time Home Buyers Welcome
investment Property
no doc mortgage
 No Doc Loans
No Income Verified Assets
  • No Reserves
  • 1 X 30 Primary
  • 1 X 60 Other Credit
  • New Construction & Limited Review Available
  • Loan Amount Up to $5 Million
  • Must Own Primary Property
self employed program
No Doc Loans
No Doc Mortgage
  • No Tax Returns Required
  • Up to 90% LTV - No MI - Owner Occupied
  • Up to 80% LTV - Investment Property
  • P & L Only - No Bank Statements
  • 12/24 Month Income History
  • 100% Business Related Deposits - Bank Statements Considered
  • Partnership Income Acceptable
  • Vested Allowed Under an LLC or Personal First Time Home Buyers Welcome
no doc mortgage
mortgage no docs
no document loans
Lite Doc Program
Lite doc program
No Doc Loans
No Documentation Mortgage
  • Investment Properties Only
  • Low Doc Mortgage
  • 7 Day Closings
  • ITIN Stated Up to 70% LTV
  • Loans Up to $20 Million
Different Types of No Doc Mortgage Loans .
No Ratio Loans 
These loans are for lenders who may not wish to disclose their incomes, Thus there is no debt to income ratios for the lender to consider. Good credit and abundant assets the No Ratio borrower has makes up for the lender not considering the borrowers income information. If gathering income documentation’s is going to be a logistical nightmare, then this loan can offer a quick and easy process.
No Doc Loans 
To get credit the No Doc loans requires the least amount of documentation. The lender evaluates your loan request with the minimal amount of financial information from the lender and maximum privacy is assured.
Stated-Income (Low Doc) Loans 
If your income fluctuates week to week, month to month, the Stated Income Mortgage, or Low Doc Mortgage loans are the most attractive. However unlike the No Doc Loans, the Low Doc Loan does require the lender to disclose earnings, usually for two years, and might need to show tax returns and bank statements.
Fix And Flip Loans
Fix and Flip Loans are short term loans for real estate investors and are sometimes called bridge loans. We have over 50 programs available for investors, from first time investors to the savvy investors who have done dozens or hundreds of projects. We're the go to source for finding money to do deals in all 50 states including the District of Columbia. Fix and flip loans are used by short-term real estate investors to purchase and renovate a property before flipping it for a profit. This type of financing for flipping houses offers investors fast closings for properties in any condition. The most popular type of fix and flip loans are hard money loans.  
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

 

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

 

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

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.
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