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

This loan program is not available in USA

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
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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.

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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.

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

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