Miscellaneous

Bank Statements Program*

  • 2 year self-employed required
  • No tax returns required
  • Loans up to $3 million
  • 12 month personal bank statements or 24 month business bank statements
  • Up to 90% LTV on Personal and Business with no MI
  • Owner-occupied, 2nd homes and investment properties
  • 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Jumbo loans down to 600 score

*Loan not directly funded by Shining Star Funding

1 day out of foreclosure or short sale*

  • 1 day out of FC, SS, BK, or DIL
  • Up to 90% LTV/CLTV
  • Up to 50% DTI
  • Credit scores as low as 500
  • Non-warrantable condos OK
  • Loans to $3 million
  • No pre-pay penalty
  • No active trade lines required/Rent free OK/Gift funds OK
  • Owner-occupied, second homes and investment properties
  • Mortgage lates ok
  • Aggressive pricing on LTVs to 90% with “No MI”

*Loan not directly funded by Shining Star Funding

Flips

  • Short Term Loans to Buy and Fix property
  • No personal income or debt requirements
  • No tax returns
  • No property count limit
  • LLC loans OK
  • Line of credit OK
  • Max 75% of Loan to Value or 85% of Loan to completed value

Investment property loans based on Property Cash Flow

  • 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Credit scores down to 660
  • Up to 80% LTV
  • No DTI restrictions
  • Must have current mortgage
  • 1-4 units and condos
  • No limit on number of properties financed
  • Loans up to $1 million
  • No personal income or debt requirements
  • No tax returns

No Transcripts verification

  • No IRS Transcript verification
  • FHA,Conventional and VA Ok
  • Speeds up closing process
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