"Your Home Journey is Personal—Your New Loan Should Be, Too."

1. Conventional Full Documentation

This is our most versatile program, available to all borrowers across all occupancy types and property uses. It is the standard for those with stable, verifiable income.

• Requirements: Requires a comprehensive two-year history of income documentation.
• Wage Earners: Must provide recent paystubs and W-2s.
• Self-Employed: Must provide both personal and business tax returns for the previous two years.

2. FHA Loans

FHA financing is a flexible solution primarily designed for primary or secondary residences. It is often the best fit for borrowers who need higher debt-to-income (DTI) flexibility or have lower credit scores.

• DTI Flexibility: Ideal for borrowers exceeding a 45% DTI, with a maximum allowance of up to 55%.
• Credit Accessibility: Qualification is available for FICO scores as low as 580.

3. No-Doc Loans

Designed as a specialized solution for self-employed individuals with strong credit who do not fit traditional lending boxes. This is typically utilized when bank statement programs are not viable and the property is non-income producing.

• Target Audience: Self-employed borrowers with high FICO scores and low Loan-to-Value (LTV) ratios.
• Best Use Case: A "last resort" option for complex scenarios where traditional tax returns or deposit histories do not reflect the borrower's ability to repay.
• Note: Due to the increased risk of limited documentation, interest rates are typically higher than standard programs.

Key Takeaways

• Best for Credit Flexibility: If a client has a FICO score between 580 and 620, the FHA program is usually the only viable path.
• Best for High Debt: If a client’s monthly debt payments exceed 45% of their gross income, FHA offers the most breathing room (up to 55%).
• Best for the Self-Employed: While Conventional requires full business returns, the No-Doc program is the "safety net" for high-credit business owners who cannot show sufficient income on paper and have significant equity (Low LTV).

Feature Conventional Full Doc FHA Loans

No-Doc Loans Primary Use All borrowers & occupancies Primary & secondary homes 

Self-employed / Non-traditional Min. FICO Score 620 580 700+ (typically high scores) Max DTI Ratio 45% (standard) 55% N/A (not based on income) Income Proof 2 Years Tax Returns / Paystubs 2 Years Tax Returns / Paystubs 

None Property Use Primary, Second, or Investment Primary & Secondary only Non-income generating Max LTV Up to 97%Up to 96.5% Low LTV (often 60–70%) Relative Rate Competitive / Standard Low to Moderate Highest (Last resort)