Top Niche Home Loans For Home Buyers

Loan Trust offers many Niche Home Loan programs, which are ideal for borrowers who do not meet traditional documentation requirements, but want the chance to qualify using flexible alternatives.

Alt-Doc (Alternative Documentation) is a mortgage program that qualifies homeowners by using non-traditional methods and/or non-traditional documentation to determine qualifying income.

This unique solution has distinct approval parameters for borrowers that have demonstrated the ability to repay (ATR) a loan but cannot qualify for a standard mortgage program. Borrowers looking to take advantage of alternative qualifying methods such as Asset Depletion can do so with lower credit scores (down to 660) and loan-to-values (LTVs) up to 90%.

Advantages

  • Loan-to-value (LTV) up to 90% for purchase/rate-and-term
  • Debt-to-income (DTI) up to 50%*
  • Loan amounts up to $4M
  • Max cash in hand $2M on cash-out
  • Reserves from 6 months
  • Available for primary residence or second home
  • Interest-only payments available
  • FICO scores as low as 660



Flexible Qualification Methods

  • 1099 only
  • W2 only
  • One-year tax return
  • 12-month bank statement
  • Asset Qualifier

* Restrictions apply to DTI over 43%

Niche home loans

Bridge Loan

For investors who want to buy but their funds aren’t freed up from a previous property, Loan Trust Bridge Loan can close the gap. This three-year, interest-only financing helps borrowers purchase an investment property without having to wait for another property to sell, a commission to come through, or another source of funds to become available.

The Bridge Loan is ideal for borrowers who are ready to buy an investment property and prefer to use short-term financing.

GUIDELINES

  • Loans up to $2.5 Million
  • LTV up to 75%
  • FICO beginning at 660
  • Reserves starting at 6 months
  • Three-year, interest-only program
  • Available as first or second mortgage
  • Rate reductions for higher FICO scores
  • No prepayment penalty
  • Investment Properties only

Community Mortgage

Loan Trust Community Mortgage is a return to common-sense underwriting. This innovative product addresses the regulatory rules limiting prime borrowers’ access to lending by eliminating unnecessary documents that are not part of the credit underwriting decision.
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The Community Mortgage was designed to fill the void and address the issues limiting prime, credit worthy borrowers’ access to credit through common sense underwriting. This exclusive mortgage product is unique in the marketplace.

Homeownership is core to the American Dream, the cornerstone of wealth creation, a solution to the cycle of poverty, and a stabilizing force for working families. Our role as trusted advisors and
passionate advocates is to help unserved families and communities to achieve homeownership fairly and responsibly. 

We are focused on expanding banking and lending services throughout America to level the playing field for Black,
Latino, low- to moderate-income, and other underbanked borrowers and communities.

THE PROGRAM MISSION IS TO FINANCE AMERICA’S DIVERSE HOMEOWNERS, FAIRLY RESPONSIBLY

We believe homeownership helps to eliminate social and racial inequities, close the wealth gap, and empower all Americans to pursue their dreams.

  • Primary Residence and Second Homes
  • Credit Underwritten Based on LTV, FICO, and Liquidity
  • Income Documentation Not Required
  • Income Not Stated
  • Debt-to-Income (DTI) Not Calculated
  • Asset Seasoning 30 Days
  • Only first page of a bank statement required for typical portfolio loans
  • Loan Amounts Up to $3 Million
  • Up to 80% LTV Purchase/Rate & Term
  • FICO Beginning at 640
  • Reserves from 3 Months

Ideal for The Following

  • Self-Employed/Small Business Owner
  • Volatile or Irregular Income
  • Retired
  • Seasonal & Gig Workers
  • Real Estate Investors
  • Owners & Employees of Cash Businesses
  • Newly Self-Employed
  • Transitioning from Recent Health, Family,
    or Other Life Events
  • Looking to Tap Trapped Home Equity
  • Recent Immigration
  • Disqualified Income

EZ Prime

Empowering the dreams of diverse homeowners and underserved communities by providing non-traditional access to prime capital for underbanked borrowers and communities.

EZ Prime offers quick qualifying based on loan-to-value, FICO, and liquidity. It features great rates for borrowers with a strong credit profile and ample reserves, eliminating unnecessary documentation for the credit underwriting decision. With EZ Prime, income is not verified and debt-to-income is not calculated.

Ideal for borrowers with a strong credit profile and ample reserves.

 

  • Primary and secondary residences
  • Loan amounts up to $3M
  • Quick qualify based on reserves:
    • 60 months with FICO of 740
    • 84 months with FICO of 700
  • Asset seasoning 30 days
  • Loan-to-value (LTV) up to 80% on Purchase/Rate & Term Refinance
  • LTV up to 75% on Cash Out Refinance
  • Foreclosure, short sale, and bankruptcy seasoning: 48 months
  • Fixed and Adjustable-Rate Mortgage (ARM) options available

Foreign Nationals

Foreign Nationals may not be able to qualify for financing with traditional requirements. Loan Trust has simplified the loan process and requirements through its common sense underwriting approach. While borrowers under traditional requirement must document their assets, traditional credit trade lines and credit scores, Loan Trust loan program has reduced requirements and credit scores are not required. Alternative income qualifying methods such as Debt Service Coverage is available, with loan-to-value ratios up to 70% and loan amounts as high as $2.5 million.

Non-U.S.-citizen borrowers who want to purchase a second home or investment property.

This program serves non-resident aliens who holds a visa for temporary residency, not Non-Permanent Resident Alien status.

  • No Credit Score or Trade Line Required
  • Qualify as DSCR > 100 or No Ratio
  • LTVs Up to 70% Purchase or Rate & Term Refinance Only
  • Investment Opportunity Only
  • Interest-Only Option (Not Available in Texas)
  • Loan Amount Up to $2.5 Million
  • Up to 10 Financed Properties
  • Minimum 12 Months Reserves Required
no doc loans

Investor Niche Loans

 

Our Investor product offers potential borrowers rates closer to prime than traditional hard money loans. Borrowers can qualify with flexible terms, including using rental property cash flow or debt service coverage ratio (DSCR), for example.

No income qualifying is required. The Investor mortgage is ideal for borrowers who don’t want to provide personal income documentation, or are unable to qualify using traditional debt-to-income (DTI) ratios.

Borrowers who prefer not to use DTI criteria or are unable to qualify using conventional loan requirements. Based on reserves, payment history and credit depth.

  • DSCR > 100% or No Ratio
  • LTV up to 85% for purchase and 75% for cash-out (DSCR > 100%)
  • Loan amounts up to $3.5 Million
  • LTVs ≤ 60% require 3 months reserves (PITIA)
  • Maximum financed properties: 20
  • Interest-only financing available (not available in Texas)
  • Assets seasoning 30 days
  • Option to vest in LLC
  • Foreclosure/short sale/deed-in-lieu seasoning: 36 months
  • Bankruptcy seasoning: 24 months
  • Non-warrantable condos permitted

Prime Plus

 

Prime Plus opens the door to more borrowers whose mortgage amounts range above conventional limits. This A-paper loan delivers competitive rates and flexible terms for borrowers in more affluent neighborhoods. It fills a void in the restrictions around mortgages for higher value homes related to guidelines set by Fannie Mae and Freddie Mac.

Borrowers who struggle to meet conventional
loan requirements.*

  • Loan amounts up to $4M
  • DTI up to 50%*
  • FICO beginning at 660
  • Reserves from 3 months on LTV of 60% or less
  • LTV to 90%, up to $2M (no MI), with 720 FICO
  • LTV to 85%, up to $2.5M (no MI), with 700 FICO
  • LTV to 80%, up to $4M (no MI), with 660 FICO
  • Up to 80% LTV cash out
  • Fixed and Adjustable Rate Mortgage (ARM) available
  • Condos and other properties allowed (warrantable condos only)
  • Interest-only available (not available in Texas)
  • 40 Year Fixed & 40 Year Fixed IO program options
  • restrictions apply to DTI over 43%