Reduced Income Doc Loans
One Republic Mortgage offers a variety of reduced documentation and alternative documentation loans for borrowers that cannot verify their income through traditional means such as bank statement loan program and assets as income loan program.
BANK STATEMENT LOAN PROGRAMS.
Our bank statement loan programs are designed for self-employed borrowers that are not able to verify their income with tax returns. We can verify deposits on business or personal bank statements for the last 12-24 months.
ASSETS AS INCOME LOAN PROGRAMS.
For borrowers that have significant liquid assets but do not show income can qualify for assets as income loan programs. No 4506T & Tax Returns are required.
Reduced Documentation Loan Program Details
1. CPA letter (history + Income) & 2 months banks statements OR
2. CPA prepared P&L statement OR
3. Borrower prepared P&L Statement & 2 months bank statements OR
4. 12 Months personal or business bank statements
Self-Employed & Wage‐Earners Only
Purchase, R/T & Cash-out Refinance
Owner Occupied, 2nd Home & Investment
FR / PUD / Condo
Primary & 2nd Home: 100% Gift Allowed
First‐Time Home Buyers are allowed
Our team is very knowledgeable and highly motivated to speak with you and your clients to piece together basic and more challenging scenarios. We will love to be in touch and hope you contact us.
Terms and conditions may apply, contact to qualify your buyers