Beyond the Traditional Mortgage

Brian Haug·
Core Services

Prosperity offers a variety of innovative loan products

Working with a client who doesn’t qualify for a traditional mortgage? Ask your Prosperity Home Mortgage, LLC, mortgage consultant to review the many options they have available in their Flex Access Loan Suite with you and your customers—a few of which are highlighted below.

Individual Tax Identification Number (ITIN) Programs

  • Designed for non-U.S. citizens without a social security number, who may qualify using their ITIN.
  • Down payment as low as 20% (1)
  • 1-4 unit residence, second home, investment property, PUDs, condos (2) eligible
  • Loan amounts from $250,000 up to $1,500,000

Foreign National Program

  • Allows foreign national buyers to purchase an investment property.
  • Down payment as low as 35% (1)
  • 1-4 unit investment properties, PUDs, condos (2) eligible
  • Loan amounts from $250,000 up to $1,000,000

Bank Statement Programs

  • Allows self-employed home buyers to document income to qualify using cash flow from business and personal bank statements rather than tax returns.
  • Down payment as low as 10% (1)
  • 1-4 unit residence, second home, investment property, PUDs, condos (2) eligible
  • Loan amounts from $250,000 up to $3,000,000

Asset Qualifier Programs

  • Allows borrowers who have insufficient cash flow—but who have significant liquid assets—to qualify for a mortgage under standard income guidelines.
  • Down payment as low as 10% (1)
  • 1-4 unit residence, second home, investment property, PUDs, condos (2) eligible
  • Loan amounts from $250,000 up to $3,000,000

Investor Cash Flow Programs

  • Enables buyers to potentially qualify through an investment property’s cash flow, or debt service coverage ratio (DSCR), rather than their income.
  • Down payment as low as 20% (1)
  • 1-4 unit investment properties, PUDs, condos (2) eligible
  • Loan amounts from $250,000 up to $2,000,000

The loan options listed above may not be the best product for all borrowers. Some restrictions apply. Not all borrowers will qualify. Consult your mortgage consultant to discuss each of your financing options.

  1. Down payment amount varies based on loan program, loan type, property type, loan amount and borrower credit score. Contact your mortgage consultant for more details.
  2. Warrantable and non-warrantable condos may be eligible.