Homebridge Wholesale Access Alt Doc Program
  • Introduction
  • Quick Facts
  • Pros & Cons
  • Availability
  • Occupancy & Property Type
  • Income & Purchase Price Limits
  • Key Features & Conditions
  • Other Limitations
  • Mortgage Insurance & Fees
  • Similar Loan Programs
  • Related Resources
Program Description

Numerous income documentation methods, for when Self-Employed Borrowers' income is insufficient. Can use 12 or 24 months bank statements. Or 1099 only. Or P&L only. Each method will have a different method for income calculation.

Tags
RMM's Top PicksBuilder Turn DownMulti-Family Home OptionsStreamline Refinance
Do you match this loan?

Our loanSMART system will tell you if this loan program is a good fit your scenario.

Homebridge Wholesale Access Alt Doc Program

Min. Credit Score

N/A

Min. Down Payment

10%

Max Loan Amount

No Limits

Qualification variables shown here are for 1-Unit Primary Residences, and loan amount ranges vary based on US County. Register Now to see if this loan program is a good fit for you, find your county limits, and find more options for purchasing a home.

Pros & Cons
  • Use ONLY the borrower's P&L for Income Docs
  • 10% Down Payment
  • Interest Only & 40 yr Options.
  • Specific & Complicated Income Calculation
Program Availability

Homebridge Wholesale Access Alt Doc Programs are available in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.

Talk to an Expert

An RMM PROLender can help you see if this or a different loan program is the right fit for your unique situation. Get Started.

“Can use 12 or 24 months bank statements. Or 1099 only. Or P&L only. Each method will have a different method for income calculation. See guidelines for calculations."

Occupancy & Property Types

Qualification factors for this program can vary based on how you intend to occupy the property and what type of property you are purchasing. By registering for a free account , you can check program limits for all property and occupancy types.

Occupancy Types
Available Property Types for Primary Residence
Income & Purchase Price Limits

Your Debt-to-Income Ratio (DTI), as well as purchase price and income limits, are important factors when qualifying for a home loan program. By registering for a free account , you can find the exact program limits for this program and others in your area and for your unique scenario.

Debt-to-Income Limit

50.00%

Purchase Price Limit

No Limits

Income Limit

No Limits

Qualification variables shown here are for 1-Unit Primary Residences, and loan limit ranges vary based on US County. Amounts may be rounded. Exact amounts can be accessed by registering for a free account.

Buying a Home?

Answer a few short questions and we'll build you a custom list of home loan program options. You're homeownership journey is in good hands.

Key Features
  • Use 12 or 24 months of Personal or Business Bank Statements for Income Docs
  • Use ONLY the borrower's 1099 for Income Docs
  • Scores to 620
Additional Conditions
    Other Limitations

    In some circumstances, there are specific requirements you must meet or homebuyer education courses you must attend in order to be eligible for the loan program.

    No other program limitations

    A Homebuyer Education Class is not required for this loan program.

    Mortgage Insurance & Fees

    Most mortgage programs require mortgage insurance when you are financing more than 80% of the purchase price or appraised value. Some programs may also have an associated funding fee, paid at the time of closing, or an annual fee. Learn all about the different fees here.

    Mortgage Insurance
    No Mortgage Insurance

    This program does not require Private Mortgage Insurance (PMI).

    Funding Fee
    Type: No Funding Fee

    This program does not have a funding fee.

    Annual Fee
    Type: No Annual Fee

    This program does not have an annual fee.

    Estimated Closing Costs: 3%

    These amounts are just an estimate. Your closing costs include things like loan origination fees, discount points, appraisal fees, title insurance, taxes, deed recording fees, and other charges.

    Similar Loan Programs

    If you think this home loan program may be a good fit for you, you may also want to check out the following programs that share many similarities with the current program.

    TDHCA FHA Purchase Loan

    Best For: First Time Homebuyers, Easy Qualification

    FHA program for Texas residents seeking down payment assistance, offered by the Texas Department of Housing and Community Affairs (TDHCA).

    Details
    Carrington Investor Advantage Program

    Best For: Large Loan Amounts, Easy Qualification, Easy Process, Savvy Investors

    Carrington DSCR Investor Cash Flow

    Details
    Related Resources
    Thriving in a High-Rate, Low-Inventory Market: Discover LoanBot Powered by ReviewMyMortgage

    The mortgage landscape is evolving, with high rates and low inventory posing challenges for loan officers. It's in this challenging climate that LoanBot, powered by ReviewMyMortgage, emerges as a beacon of opportunity. This innovative tool is designed to revolutionize how consumers shop for a mortgage, bridging the gap between home loan seekers and various mortgage program options.

    Read More
    Understanding Today's Mortgage Market: A Breakdown for Home Buyers

    Early Closure in the Bond Market: Insightful Review on July 3, 2023 The bond market started the week with an early closure on July 3rd, 2023. This Monday offered a brief trading window for bond market participants before wrapping up for the day. The U.S. bond market, along with the Nasdaq and New York Stock Exchange, observed an early closure due to the upcoming Independence Day holiday​1​​2​.

    Read More
    Monetary Jargon Unraveled: Fed's Statements Decoded with a Dash of Humor

    This blog post humorously unpacks the Federal Reserve's latest statement, making complex economic jargon accessible and entertaining. The post discusses the ongoing expansion of economic activity, robust job gains, and persistently high inflation. It also covers the Federal Reserve's strategies for managing these trends, including maintaining current federal funds rate targets and reducing holdings of Treasury securities and agency debt. The post concludes with a note from ReviewMyMortgage.com, emphasizing the importance of understanding these developments for homeowners and potential buyers, as they could impact mortgage rates

    Read More
    Freddie Mac's Revised Housing Market Forecast for 2024-2025

    Initially predicting more substantial growth, Freddie Mac has adjusted its 2024 and 2025 home price increase forecast to just 0.5% annually. This change reflects subdued home sales expectations and ongoing market challenges, including high mortgage rates and limited housing inventory.

    Read More

    Visit our Mortgage Education Center for more resources.

    * Can use 12 or 24 months bank statements, 1099 only, or P&L only for income documentation. Different calculations for each type.

    Mortgage Program by:

    ReviewMyMortgage.com is in no way affiliated with the companies or institutions listed here.

    Start Your Journey

    Whether your are buying a new home, or refinancing your current home loan, let the experts at Review My Mortgage guide you on your homeownership journey.

    Are you a mortgage professional?

    Learn about our unique sponsorships, including RMM PROLender, that can take your production to the next level.

    Get in Touch