Featured Products

     Accessible Mortgage Program

BANK STATEMENT

Solutions for self-employed borrowers & small business owners 

PROFIT & LOSS

Alternative documentation options for self-employed borrowers 

ASSET DEPLETION

Solutions for high-net-worth borrowers with significant documented financial assets 

CASHFLOW (DSCR)

Your ability to qualify is determined by your assets, not your income.

FULL DOC

Solutions for agency and jumbo fallout 

1099 ONLY

Solutions for independent contractor borrowers 

FOREIGN NATIONAL

Solutions for non-us citizen borrowers living overseas 

COMING SOON

Coming Soon...

 Resources & Tools

   Resources to build a successful business

Bank Statement

Solutions for self-employed borrowers & small business owners

  • Utilize 12 or 24 Months of Bank Statements
  • Personal or Business Bank Statements
  • LTVs up to 90% on purchases and 80% on cash-out refinances
  • DTI up to 50%
  • ITIN/DACA borrowers allowed
  • Min. 620 FICO
  • Primary Residences, Second Homes, and Investment Properties
  • Loan Amounts up to $3MM
  • 12 months out of a credit event allowed
  • Two years of self-employment required, less considered on an exception
  • Supplemental full doc income allowed
  • Multiple accounts/businesses may be used for business statements
  • 0x60x12 allowed
  • 1–4-unit properties, warrantable condos, PUDs, certain mixed-use properties, non-warrantable condos/condotels, Co-Ops, and manufactured homes allowed
  • No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k
  • Primary earner FICO score utilized 

Profit & Loss

Alternative documentation options for self-employed borrowers

  • Income calculated based on net income from third-party prepared P&L statement
  • Max 80% LTV on purchase and 70% on cash-out refinances
  • DTI up to 50
  • Min. 660 FICO
  • Loan amounts up to $3MM
  • Primary Residences, Second Homes, and Investment Properties
  • 12 months out of a credit event allowed
  • Supplemental full doc income allowed
  • 0x60x12 allowed
  • 1–4-unit properties, warrantable condos, PUDs, certain mixed-use properties, non-warrantable condos/condotels, Co-Ops and manufactured homes allowed
  • No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k
  • Two-year history of self-employment required
  • Primary earner FICO score utilized
  • Temporary buydowns allowed 

Asset Depletion

Solutions for high-net-worth borrowers with significant documented financial assets

  • Qualification based on assets only, no qualifying income or DTI calculated
  • LTVs up to 90% on purchases and 80% on cash-out refinances
  • Min. 660 FICO
  • Primary Residences, Second Homes, and Investment Properties
  • Loan Amounts up to $3MM
  • Provide six months’ statements for any accounts utilized for qualification
  • 12 months out of a credit event allowed
  • Recent deposits of proceeds from sale of homes or businesses allowed as qualifying assets
  • 0x60x12 allowed
  • No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k
  • 1–4-unit properties, warrantable condos, PUDs, certain mixed-use properties, non-warrantable condos/condotels, Co-Ops, and manufactured homes allowed
  • Gifted funds allowed for funds to close
  • Primary asset contributor FICO may be used in some circumstances
  • Temporary buydowns allowed 

Investor Cashflow (DSCR)

Qualification based on subject property's debt service coverage ratio (DSCR) only

  • LTVs up to 80% on purchases and 75% on cash-out refinances
  • DSCRs down to .75
  • Min. 660 FICO
  • Investment Properties
  • Loan Amounts up to $3MM
  • Two years out of a credit event allowed
  • 0x60x12 allowed
  • 1–4-unit properties, warrantable condos, PUDs, certain mixed-use properties, and non-warrantable condos/condotels allowed
  • No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k
  • Vesting in an entity (LLC, partnership, corporation) allowed
  • Flexible calculation methods for DSCR
  • Short-term rentals allowed with minimum 1.0 DSCR
  • AirDNA may be utilized to calculate short term rental income on purchase transactions 

Full Doc

Solutions for agency and jumbo fallout

  • Self-Employed Borrowers may provide 1 year's tax returns
  • Recent conversions from W-2 to 1099 allowed
  • Asset Depletion allowed as supplemental income
  • 0x60x12 allowed
  • LTVs up to 90 on purchases and 80 on cash-out refinances
  • No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k
  • DTI up to 55%
  • ITIN/DACA borrowers allowed
  • Min. 620 FICO
  • Primary earner FICO score utilized
  • Primary Residences, Second Homes, and Investment Properties
  • 1–4-unit properties, Warrantable Condos, Co-Ops, PUDs, certain mixed use properties, non-warrantable condos/condotels, and manufactured homes allowed
  • 12 months out of a credit event allowed
  • Loan Amounts up to $3MM
  • Temporary buydowns allowed
  • Common Exceptions
    • 5% LTV*, reduced reserves, loan amount up to $10MM, 0x90x12, credit event 1 day 
(*) 90% Max LTV on purchase rate & term refi and 80% Max LTV for cash-out refi (footnote)  

1099 Only

Solutions for independent contractor borrowers

  • Utilize 1 or 2 years of 1099s
  • LTVs up to 90% on purchases and 80% on cash-out refinances
  • DTI up to 50%
  • Min. 660 FICO
  • Primary Residences, Second Homes, and Investment Properties
  • Loan Amounts up to $3MM
  • 12 months out of a credit event allowed
  • Supplemental full doc income allowed
  • 0x60x12 allowed
  • 1–4-unit properties, warrantable condos, PUDs, certain mixed-use properties, non-warrantable condos/condotels, Co-Ops and manufactured homes allowed
  • No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k
  • Two-year history of independent contracting required, less considered on exception
  • Primary earner FICO score utilized
  • Temporary buydowns allowed 

Foreign National

Solutions for non-us citizen borrowers living overseas

  • Qualify on Asset Qualification or DSCR
  • LTVs up to 75% on purchases and 70% on refinances
  • DSCRs down to 0.75 allowed on DSCR
  • Min. 680 FICO or Foreign credit allowed
  • 150% of loan amount in post-closing assets on Asset Qualification
  • Second Homes and Investment Properties
  • Loan Amounts up to $3MM
  • 1–4-unit properties, warrantable condos, PUDs, and certain non-warrantable condos/condotels allowed
  • No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k
  • Vesting in an entity (LLC, partnership, corporation) allowed
  • A U.S. visa is required
  • Escrow for taxes/insurance required
  • ACH from a U.S. bank account required
  • AirDNA may be utilized to calculate short term rental income on purchase transactions 

Disclosure

Equal Opportunity Housing. AMP Mortgage is licensed by the Department of Real Estate, License #01468445, NMLS# 344236. Information subject to change without notice. This is not an offer for extension of credit or a commitment to lend. All rates, fees, and programs are subject to change and/or withdrawal from the lending practices without notice. Eligibility can vary based on meeting minimum credit score/tradeline, documentation, Loan to Value, and occupancy. Ask to speak with a home loan consultant for a pre-qualification/pre-approval or an approval. 

Contact Information

1917 Hillhurst Ave, Suite 203
Los Angeles, CA 90027

(323) 774-5000

info@amp.mortgage