Have you ever had trouble helping a client buy a home because they were in a complicated financial situation? Maybe they had recent bankruptcy or foreclosure records, had difficulty verifying their income, or they wanted to purchase rental properties based on cash flow.

You can expand your business by getting approvals for buyers like these who weren't approved elsewhere. TruStone Home Mortgage has alternative lending options offering products that can help these clients make their dream of buying a home a reality:

Platinum (Full Doc & Account Statements)
• Up to 95% LTV with no MI
• Credit scores starting at 660
• Loans up to $3 million
• 4 years seasoning for foreclosure, short sale, bankruptcy, or deed-in-lieu
• Owner-occupied and second homes
• Interest-only available
• Cash-out available – $500,000 maximum
• Full doc and account statements available
• 1 year tax return program available

Select (Full Doc and Account Statements)
• Up to 90% LTV with no MI
• Credit scores down to 600
• Loans up to $3 million
• Owner-occupied, 2nd homes, and investment properties
• 100% gift funds allowed
• 2 years seasoning for foreclosure, short sale, bankruptcy, or deed-in-lieu
• Full doc and account statements available
• 1 year tax return program available
• Asset depletion available

Non-Prime Program For Borrowers With Recent Credit Issues
• Up to 90% LTV (purchase, R/T, and, debt consolidation)
• Credit scores as low as 500 (including jumbo loans)
• 1 day out of FC, SS, BK, or DIL
• Up to 85% LTV (cash-out)
• Loans up to $1 million (minimum loan $75,000)
• Cash out for reserves OK
• Mortgage lates are OK
• DTI up to 50% considered
• Limited or no tradelines OK to max 75% LTV
• Max cash-out to $500,000

Investor Cash Flow Program (Perfect For Investors)
• Up to 80% LTV
• Credit scores starting at 660
• No limit on number of properties financed (5 with AOMS)
• No DTI restrictions & interest only available
• Must have housing history and own a primary home
• 2 years seasoning FC, SS, BK, or DIL
• Qualification based on property cash flow (DSCR)
• Loans up to $1.5 million (minimum loan $75,000)

Foreign National Program To 75% LTV
• Up to 75% LTV (purchase or refinance)
• Simple credit reference letters to satisfy trade lines
• 12 months reserves required / 50% DTI
• Loans up to $750,000 (higher amounts case by case)
• Reserves can remain in foreign account
• Minimum loan amount down to $75,000

Asset Qualifier Program To 75% Loan-to-Value (LTV)
• Up to 75% LTV (purchase or delayed financing)
• Credit score of 700+ required
• 5 years seasoning FC, SS, BK, or DIL
• Loans up to $3 million (minimum Loan $150,000)
• No DTI restrictions
• Requires 60 months of recurring monthly payments post closing
• No 4506 required
• Must document minimum $500,000 in post closing assets
• Primary residence only
• Assets must be sourced/seasoned for a minimum of 12 months

Non-warrantable condos considered across all programs. No mortgage insurance on any program.

With the help of TruStone Home Mortgage, you can widen your client base to serve all financial backgrounds. Check out our full list of products, or contact me today to get started!

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