Direct Lending Made Easy: Find the Perfect Loan Product, Whoever Your Borrower Is
Here at Just Funded Mortgage, we acknowledge that speed and convenience are the key to a satisfactory loan service experience. Browse through our extensive loan products with prompt turn times and client-first company value, so that you can close escrows and welcome borrowers into their new home faster. Direct lending has never been simpler!
Conventional Fannie Mae
- Minimum FICO credit score: 620
- Fannie Mae
- Standard and High Balance
- HomeReady
Conventional Freddie Mac
- Minimum FiCO credit score: 620
- Freddie Mac
- Standard and High Balance
- HomePossible
VA
- Minimum FICO credit score: 500 AUS approved
- Cash-out up to 100% LTV
- Foreclosure/Short Sale/Bankruptcy less than 2 years with AUS Approval
FHA
- Minimum FICO credit score: 500 AUS approved
- Accepting Non-Credit Qualifying Streamline refinance programs
- Use gift funds for down payment and closing fees
- Cash Out 80% LTV
HELOC and HELOAN
- Minimum FICO credit score: 620 AUS approved
- LTV up to 95%
- DTI up to 50%
- Adjustable Rate Home Equity Line of Credit
- Purchase (or) Refinance Piggyback and Standalone Transactions
- Fixed Rate fully amortizing loan up to 30-Year Term
Investor Alternative Documentation Programs
Bank Statement
DSCR
P&L Only
Full Doc
Asset Depletion
Bank Statement
- 12 or 24 Month Bank Statement
- FICO Credit Score > 660
- Loan Amount < $3M
- Up to 80% loan-to-value (LTV) Purchase & R/T | 75% C/O
- Gift Funds option
- First-time homebuyers (FTHB) allowed
- Use cash-out proceeds as reserves
- Up to 50% debt-to-income (DTI)
- At least 2 years self-employed, 30 & 40 year interest-only
- Personal or Business Bank Statements
DSCR
- FICO Credit Score > 660
- Loan Amount < $3 M
- Up to 80% loan-to-value (LTV) Purchase & R/T | 75% C/O
- 1x30x12 allowed
- DSCR > 0.75
- 12 months Bankruptcy Seasoning
- DSCR = Gross Rent/PITI
- Gift Funds option
- Use cash-out proceeds as reserves
- First-time homebuyers and Investors allowed
- Vacant Properties allowed
- I/O terms include 30 & 40 year I/O
- Multiple pre-payment penalty options (all below 5 years)
- Foreclosure & Short Sale seasoning as low as 24 months
Qualification based on subject property DSCR
P&L Only
- Purchase & R/T Max 75% LTV
- Cash-out < 70% LTV
- FICO Credit Score > 660
- Loan Amount $150 k to $3 M
- Gift Funds option
- No need 4506C/ Paystubs/ W2’s/ Tax Returns
- Must be 2 years self-employed
- CPA/ EA must sign P & L
- P & L covering prior year and YTD P & L for current year
- Expense Factor > 20% (Service Business) or 40% (Product Business)
Full Doc
One Year Full Doc
- Purchase & R/T Max 80% LTV
- Cash-Out Max 75% LTV
- FICO Credit Score > 660
- Loan Amounts $150k – $3M
- Gift Funds option
- Transferred Appraisals Allowed
- W2 Borrowers: 1 year most recent W2 or 1 year tax returns plus 30 days paystubs
- S/E Borrowers: YTD P&L
Two Year Full Doc
- Purchase & R/T Max 80% LTV
- Cash-Out Max 75% LTV
- FICO Credit Score > 660
- Loan Amount $150k – $3M
- Gift Funds option
- Transferred Appraisals okay
- Most recent 2 years tax returns PLUS
- W2: WVOE or 30-day paystubs & 2 years W2’s
- S/E: 1 year tax returns and YTD P&L
Asset Depletion
- Employment and Income NOT listed on 1003
- Cash in Bank 100% | Stocks/Bonds/Mutual Funds 90% | IRA’s/401k 80%
- Purchase & R/T Max 75% LTV
- Cash-out < 70% LTV
- FICO Credit Score > 660
- Loan Amount $150k – $3M
- Gift Funds option
- 6-Month Statements for each asset used
- Business Funds & Crypto not allowed
Alternative Documentation Owner Occupied Programs
Bank Statement
P&L Only
Asset Depletion
WVOE Only
Bank Statement
- 12 or 24 Month Bank Statement
- FICO Credit Score > 660
- Loan Amount < $3 M
- Max LTV 90%
- Use any AMC | Transferred
- Appraisals Allowed
- Interest-Only Options
- Gift Funds option
- Use cash-out proceeds as reserves
- FTHB Allowed
P&L Only
Primary & Second Homes
- Purchase & R/T Max 75% LTV
- Cash-out < 70% LTV
- FICO Credit Score > 660
- Loan Amount $150 k to $3 M
- Gift Funds option
- No need 4506C/ Paystubs/ W2’s/ Tax Returns
- Must be 2 years self-employed
- CPA/ EA must sign P & L
- P & L covering prior year and YTD P & L for current year
- Expense Factor > 20% (Service Business) or 40% (Product Business)
Asset Depletion
Primary & Second Homes
- Employment and Income NOT listed on 1003
- Cash in Bank 100% | Stocks/Bonds/Mutual Funds 90% | IRA’s/401k 80%
- Purchase & R/T Max 80% LTV
- Cash-out < 75% LTV
- FICO Credit Score > 660
- Loan Amount $150k – $3M
- Gift Funds option
- 6-Month Statements for each asset used
- Business Funds & Crypto not allowed
WVOE Only
- Max 80% LTV Purchase & R/T
- Max 75% LTV Cash-out
- FICO Credit Score > 660
- Loan Amounts $150k – $3M
- Gift Funds option
- No need 4506C/ Paystubs/ W2’s
- FTHB Allowed
- 40 Year I/O & Other I/O Terms
- Use cash-out proceeds as reserves
- Unavailable for employees of family-owned/managed business
ITIN Prime
- LTV up to 80%
- DTI up to 50%
- 12-month Income Documentation
- Accepting Most Property Types
- Gift Funds Option
- No Visa Requirements
- Valid ID
- Other Program Requirements Apply
- Cash-Out Refinance Available up to 75%*
*Not available in TX or FICO less than 650