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Carrington Mortgage Services, LLC
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Great News for self-employed borrowers!

February 12, 2018

Bank statements now acceptable in place of IRS Tax documents for Carrington’s Non-Prime Loans.


PURCHASE & REFINANCE
LOAN DETAILS


UP TO $1.5 MILLION
FICO DOWN TO 500 | 70% LTV


UP TO $500K CASH-OUT
FICO DOWN TO 500 | 70% LTV


UP TO $1 MILLION
INVESTMENT PROPERTIES
FICO DOWN TO 620 | 75% LTV


UP TO $1.5 MILLION
INVESTMENT PROPERTIES
FICO DOWN TO 640 | 70% LTV


UP TO $500K INVESTMENT
PROPERTIES WITH CASH-OUT
FICO DOWN TO 640 | 70% LTV

This is a great opportunity to re-energize your pipeline with self-employed borrowers who you may have previously had to turn away. Not only are we now offering Non-Prime* loan products for those with recent credit events to help you expand your pipeline, but we are now "accepting bank statements to verify income in place of IRS tax documents for self-employed borrowers.

NON-PRIME LOAN PROGRAM HIGHLIGHTS FOR SELF-EMPLOYED BORROWERS

  • 24 months of bank statements are required Multiple bank accounts may be used, but a combination of business and personal accounts is prohibited
  • Exclusively for self-employed borrowers
  • Primary, second, and investment homes
  • Purchase and refinance loans

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*Non-prime product requirements vary depending on the consumer’s credit grade, LTV, DTI, and FICO scores and may require reserves from 3 to 6 months. Ask your Account Executive for additional details and requirements. Not available with our On-Time Closing Promise Offer and in AK, MA, NY, ND, and WV.

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Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services, LLC is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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