3.5% Down Payment
FHA Home Loan Mortgage Program
Alternative Income Verification Loan Programs
No Tax Returns, Pay Stubs or W2s Required
Get FHA Loan with 3.5% Down Payment
Purchase, Refinance, Cash Out,
Rehab, or Debt Consolidation
1st Position Loans
Up to 96.5% Loan to Value
500+ Credit Accepted
No Tax Returns, Paystubs or W2
No Prepayment Penalty
Purchase Loan with 3.5%, 5%, 10%, 20% Down
500+ Credit Required*
12 or 24 Months Bank Statement
No Tax Returns, Pay stubs or W2
VOE or 1099 Only
Need 2 Years of Employment
BK, Short Sale & Foreclosures OK
Owner Occupied & Non Owner Occupied
1st Mortgages Liens only
LTV (Loan to Value) up to 95%*
Up to 80% for Cash out*
Interest Rates Starting at 4.25%+*
Terms from 5 Years to 30 Years
Loan Fees 1-3 points
Call for details
*Rate, Terms, Fees are depended on the loan amount, loan to value, lien position, property type, location, purpose of loan, borrower ability to pay, credit etc.
FHA Mortgage Loans for Purchase or Refinance
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA loan program allow borrowers to finance homes with down payments as low as 3.5% and are especially great with first-time homebuyers.
FHA loans are a good option for first-time home buyers who may not have saved enough for a large down payment as you can use as low as 3.5% down payment. Even borrowers who have suffered from bankruptcy or foreclosures may qualify for an FHA-backed mortgage.
Conventional Mortgage Loans for Purchase or Refinance
Conventional or conforming loans refer to any mortgage that is not guaranteed or insured by the federal government.
Conventional loan borrowers don’t have to pay for mortgage insurance, which is typically required with lower down payments or government-backed loans. Using Conventional loans borrower can purchase with 5%, 10% & 20% down payment and have no mortgage insurance.
Conventional home loans are available for borrower with high credit and low credit scores. Conventional mortgage for Borrowers with low credit scores are called sub-prime mortgages. They typically come with high interest rates and fees.
Conventional mortgage programs also come with alternative income options such as using VOE only (verification of employment), 1099 Only, Personal or Business bank statements only or using full documents.
VOE-Verification of Employment Only Mortgage Loan Program
VOE loan program is where a borrowers can get qualified for a mortgage for a Purchase, Rate/Term Refinance, Cash-out Refinance or Debt consolidation mortgage loan by just a Verification of Employment. Get qualified without showing Tax Returns or Pay Stubs or W2s.
The VOE program is for Non-Self-Employed borrowers. The VOE (verification of employment) program are for employees who get paid cash or check from their employer and cannot show pay stubs, W2s or 1099.
The Employer just completes a VOE forms with employment information, which is used as verifiable alternative income.
Guidelines & Qualification for VOE only Program. The borrower needs to be working for the same employer for at least 2 years.
Personal Bank Statement Loan Program
How does the personal bank statement loan program works?
As a self employed borrower you can use 100% of your deposit as income.
Add all deposits for all 12 or 24 months and divide that amount by 12 or 24 respectively to receive the monthly income amount we will apply as the borrower’s qualifying income.
Example. 24 months deposits total = $200,000 / 24 = $8,333 a month income.
Example. 12 months deposits total = $100,000 / 12 = $8,333 a month income.
Business Bank Statement Loan Program
How does the business bank statement loan program works?
As a self employed borrower you can use 50% of your deposit as income.
Add all deposits for all 12 or 24 months, divide by 2, and then divide by 12 or 24 respectively to receive the monthly income amount we will allow for the borrower.
Ex. 24 month deposit total = $500,000 / 2 = $250,000 / 24 = $10,333 per month income. Only 50% is used because we have to assume the business has overhead.
1099 Income based Mortgage Loan Program
How does the 1099 Income Mortgage loan program works?
As a self employed borrower you can use 100% of your 1099 income to Qualify.
Borrower just need to show last 2 years of 1099 Form.
Verbal verification of Accuracy of 1099 Income
Proof that borrower has been self employed for last 2 years.
Stated Income No Doc Loans – No Income Verification Loans
Hard money lenders & Investors also provide Stated Income Loans. Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay stubs or tax returns. Stated income mortgage loan are mostly used by self employed borrowers. In some cases lender would ask for bank statements to support the stated income.
A SIVA loan, or stated income/verified asset loan, allows you to state your monthly gross income on the loan application and requires you to verify your assets by furnishing bank statements or a similar asset document.
A SISA loan, or state income/stated asset loan, allows you to state both your monthly gross income and your assets on your mortgage application. So in this case, both items are simply stated, and the bank or lender will not ask you to verify the information. Stated Income loan lenders are mostly used by self employed borrower or for business purpose loans
We also provide Equity Based Commercial loans & financing. We also have stated income commercial loans, No income commercial loan programs. A Commercial loan is a mortgage loan secured by commercial property, such as an office building, mixed use property, commercial buildings, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, rehab or redevelop commercial property.
We provide 1099 Income based mortgage program in the city of Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Coachella, Corona, Desert Hot Springs, Eastvale, Hemet, Indian Wells, Indio, Jurupa Valley, Lake Elsinore, La Quinta, Menifee, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, San Jacinto, Temecula, Wildomar,Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Crestline, Fontana, Grand Terrace, Hesperia, Highland, Joshua Tree, Lake Arrowhead, Loma Linda, Lucerne Valley, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, Running Springs, Twentynine Palms, Upland, Victorville, Wrightwood, Yermo, Yucaipa, Yucca Valley, Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, CalabasCarson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-
Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, San Jose, Oakland, Bakersfield, Santa Ana, Riverside, Stockton, Seattle, San Francisco, San Bernardino, Modesto, Fremont, Fontana, Palmdale, Oxnard, Ventura, Moreno Valley, Merced, Glendale, Huntington Beach, Irvine, Garden Grove, Orange County, Anaheim, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, San Diego, Chula Vista, Oceanside, Escondido, Carlsbad, El Cajon, Vista, San Marcos, Encinitas, National City, La Mesa, La Jolla, Fresno.
We also provide loans & Financing for the following property type;
Apartment Building Loans, Auto Body Repair Shop Loans, Auto Dealership, Anchored Strip Center Loans, Assisted Living Facility Loans, Bowling Alley Loans, Car Wash Loans, Church Loans, Commercial Warehouse Loans, Construction, Convenience Store Loans, Condominium, Congregate Care Facility, Day Care Center Loans, Dental Office, Fitness Center Loans, Funeral Home Loans, Garden Apartment Loans, Gas Station Loans, Golf Course Loans, Health Club, Healthcare Financing, Hotel Loans, Industrial Property Loans, Marina Financing, Medical Office Loans, Mini Storage Loans, Mixed-Use Loans, Motel Loans, Mobile Home Park Loans, Manufactured Homes, Multi-Family Homes, Nursing Home Loans, Office Building Loans, Restaurant, Retail, Rental Property Loans, SBA Loans, School, Self Storage Loans, Senior Housing Loans, Veterinary - Animal Clinic Animal Hospital, Warehouse Loans.
vfindloans.com 1307 West 6th Street # 219, Corona CA 92882 * Tel: 951-254-3712 * Fax: 951-710-6411
Business Hours: Monday thru Friday 9:00 am - 5:00 pm