Portfolio Lending

Our Investment portfolio product is part of the lending suite of specialty loans, providing loan solutions to issues encountered by responsible borrowers who do not fit the description of the average investor.

Features and benefits of our Investor products include:

  • Loans from $100,000 to $2 million
  • 5/1 ARM and 30-year fixed-rate options
  • New purchase and rate erm available
  • Cash-out refinance up to $350,000 and up to 80% LTV and 640 FICO
  • Maximum 85% LTV up to $1.5 million
  • Minimum 620 FICO
  • 6% seller contributions allowed
  • Delayed financing treated as rate term
  • Model Home Leaseback allowed
  • Unlimited financed properties allowed
  • No pre-payment penalties

Want to learn more? Give us a call at 562-761-6959 or email us at phoebechoong1@gmail.com

Extended Programs

Extended Programs

Our portfolio products have been designed for those borrowers than don’t quite fit in the box and have a hard time qualifying for a mortgage in Long Beach CA or surrounding areas.

  • No Tax Return Program: our reduced-doc, no tax return program caters to borrowers who are self-employed or have difficulty showing income.  We use a 12 month average of bank account deposits as income to qualify.
  • Expanded Criteria Program, purchase right after short sale or foreclosure has occurred with no wait period: for borrowers with less than perfect credit – Can only be 1 event (Short Sale, Foreclosure, NOD, and Loan Modification). Two years out of BK, ok.
  • Asset Income Program: for high net-worth borrowers who want to use assets in addition to income to repay mortgage debt.
  • One Year Tax Return Program: Self Employed borrowers with 1 year Personal and Business Tax Return. Most Conventional and Jumbo Lending requires to show the last 2 years of tax returns and qualify with the averaged or lowest income calculated.  This is a great product for a self-employed borrower whose income has been increasing every year.

Stated Income Loans

Some of the benefits of a stated income loan include:

  • 2yrs from Foreclosure, Short Sale, or Bankruptcy
  • Interest Only Available

Personal Accounts qualify with 100% of Deposits for Personal Statements!

Business Accounts qualify with 50% of Deposits for Business Statements!

Easy to qualify for, no need to look at Withdrawals or Overdrafts!
No Profit and Loss Statement needed! No Reserves!  No 4506T- tax return transcript!

Requirements for Both:

  • 24 Months of Statements
  • Owner Occ. w/600 Fico,
  • Non Owner & 2nd Homes w/500 Fico Self Employed and 1099 borrowers only
  • Only 6 NSF’s in the most recent 12 months

Want to learn more? Give us a call at 562-761-6959 or email us at phoebechoong1@gmail.com. We are located in Long Beach, CA and service Long Beach, Huntington Beach, South Bay, Downey and Torrance area, as well as the entire State of California and nationwide.