Income Express - currently suspended

Self-Employed Flower Shop.jpg

Financing has often been difficult for self-employed borrowers and investors due to issues documenting


income. MAIs Income Express Loan looks to change that. Using either 12 or 24 months of bank statements rather than tax returns, Income Express allows self-employed borrowers to purchase a home that matches their income.

 

Additional flexibility for investors now includes purchasing of Non-Warrantable Condos.

 

 

12 Month Bank Statement

  • Loan Amounts:
    Between $100k - $1.5mm

  • LTVs: up to 85%

  • FICOs: down to 620

  • DTI: up to 43%

  • Unlimited number of
    financed properties

  • Non-Warrantable Condos

  • Cash Out Options

  • Investment properties can
    close as Corporation or
    LLC

24 Month Bank Statement

  • Loan Amounts:
    Between $100k - $1.5mm

  • LTVs: up to 90%

  • FICOs: down to 580

  • DTI: up to 50%

  • Unlimited number of
    financed properties

  • Non-Warrantable Condos

  • Cash Out Options

  • 1 year out of Bankruptcy

  • 1 day out of Short sale/DIL

  • Investment properties can
    close as Corporation or LLC