A convenient loan program for non-traditional borrowers
Alt-Doc or Alternative Documentation is a unique mortgage program that helps non-traditional homebuyers easily secure a home loan. With distinct approval parameters and alternative qualifying criteria, it allows borrowers to qualify for a home loan even with non-traditional documents and missing income proofs. A one-year tax return, 12-month bank statement, 1099, and W2 are sufficient to qualify for this loan.
Highlights
Ideal For
Highlights
- Loan amounts up to $4M
- Loan-to-value (LTV) up to 80%
- Requires reserves from 6 months
- Available for both primary residence and second home
- Interest-only payment option available
Ideal For
Borrowers who do not meet the traditional documentation requirements