Capital City Home Loans offers a suite of specialty mortgage programs called Non-QM mortgages in addition to our traditional loan programs. These programs serve our clients who may not meet the stringent underwriting guidelines set forth by Banks, FHA, USDA, VA, Fannie Mae, or Freddie Mac. High net-worth clients, self-employed buyers, 1099 contract workers, real-estate investors, and clients with a significant derogatory credit event in their past are all perfect clients for these mortgages. Loan amounts are available up to $3 Million. Read below to see more details on some of our available programs.
Other programs may be available, so please contact me for more information.
Having trouble getting a mortgage because you have an expert CPA who minimizes your tax liability? We have a solution. These mortgage solutions for self-employed borrowers uses 12 or 24 months of business or personal bank statements to derive a monthly qualifying income to help you purchase your next home. You do not need to own 100% of your business, but do need to have a 2 year history of self-employment. These programs provide a loan solution to help underserved credit-worthy self-employed borrowers who otherwise can’t qualify for a mortgage loan. Loan amounts available with down-payments as low as 10%.
The 1099 Income Mortgage is a great option for self-employed borrowers who are 1099 workers. Freelancers, contract-workers, gig economy workers and others who file using W9s have a hard time qualifying for traditional mortgage loans. We can use your 1099s in lieu of your tax returns to qualify for a mortgage loan and achieve homeownership.
The Investor Cash Flow Mortgage (DSCR Loan) allows borrowers to qualify based strictly on their assets, down-payment, credit score, and cash-flow on an investment property. No personal income documentation is required, and there is no limit to how many investment properties you can own. Additionally, this loan can be closed in the name of an LLC which is not allowed by Fannie Mae or Freddie Mac. Non-warrantable condos and condotels are allowed with this program, and loans amounts up to $2,000,000 are available.
This mortgage loan program allows just ONE YEAR of seasoning for foreclosure, short-sale, deed-in-lieu, and just 2 years seasoning for a bankruptcy. Loan amounts up to $2.5 million are available with a minimum loan amount of $125,000.