NJ Stated Income, No Income Verification, No Doc, Loans, Mortgages

NJ Stated Income & No Doc Mortgages

FCM LLC, also serving portions of Pennsylvania, Connecticut, and New York

General Program Details:

The following is a sample of underwriting guidelines for some programs including Stated Income, No Income Verification, No Doc, NINA etc. Please do not rely on this information without discussing the latest updates with your loan officer.

Stated Income Loans (self employed only):

up to 70% LTV depending on amount financed
Loan amounts up to $3 million
Purchase or Refinance
Assets/Reserves Required
Competetive Interest Rates
Fixed Rates and Adjustable Rates Available
Primary and 2nd Homes
Investment Properties at other rates & LTV's
No Pre-determined Minimum Credit Score (but in no event less than 620)
Loan must make sense

No Income Verification Loans (Self Employed,retired, Wage Earner etc.):

Up to 60%-70% LTV depending on amount financed & Program offered
Purchase or refinance - CASH OUT OK
Assets/reserves Required
Loan must make Sense

Special Programs for Those Compensated with 1099's

Reduced Documentation

Special for Investment & Primary No Income No Asset NINA Verification

CLTV up to 90% with secondary financing
Primary up to a max of 70% LTV with no 2nds
True No Income Verification, No Asset Verification Loan
Cash-out allowed on Refi's

Commercial Stated Income Loans etc. (seperate requirements)
Commercial Mortgages available for Retail, Mixed Use, Investment Property, Owner Occupied, Multi-family, apartments, office, warehouse, industrial, hotel and hospitality, mini-storage, development, resort properties and much more.
No-recourse loans available.
Higher LTV's available for Full Documentation Loans

Don't Forget, We're Specialists in LOW CREDIT SCORE LOANS (into the 500's)
FHA, FHA Streamline, ARM's, Limited Doc, Adjustable Rate, Interest Only
Commercial, Investment Properties, Construction and more

Contact Robert Bornstein, Senior Loan Officer for specifics and current guidelines

732-207-8409 Direct Mobile 7 Days A Week

or E-MAIL Robert.Bornstein@FirstCapitalMortgage.com

all loans are subject to program guidelines and qualified borrowers. May be changed or withdrawn at any time without notice

First Capital Mortgage LLC. 4 Walter E. Foran Blvd. Suite 201, Flemington NJ 08822
908-788-4338
also trading as Americas First Capital Mortgage
Licensed Mortgage Banker NJ, PA, CT Licensed Mortgage Broker NY
Please be advised that due to unprecedented market conditions, interest rates and programs are subject to change at a moments notice. While we do our best to anticipate and or explain these changes as they occur, it is simply not possible to predict every change in the market. We sincerely apologize for any inconvenience this may cause. First Capital Mortgage, LLC cannot be held liable for unforseen market and interest rate changes. Please contact your Loan Officer frequently for any and all questions.All loans are only for qualified applicants and terms and conditions vary greatly between each program. Nothing herein is meant to be construed as an offer to extend credit. Thank you.