Forms and Loan Flyers
Authorization to Release
A third party authorization form says to your mortgage company that you allow a third party to receive information about you and your mortgage. It may allow the third party to take actions for you. You need to tell your mortgage company what the third party can do and what the third party cannot do.
Bank Statement Loan Flyer
This is a great solution for the self-employed borrower(s) who uses IRS tax code in their favor and reflects net income jut NOT ENOGH to qualify. This amazing nonqm loans ONLY looks at your personal or business deposits for the last 12 or 24 months and income is calculated from there for qualifying purposes.
WVOE 1099 Income Loan Flyer
Our 1099 income loan option is for underserved self-employed borrowers who are 1099 workers. Many freelancers, contractors, gig economy workers or other self-employed borrowers who file using W-9s cannot qualify for a mortgage under Agency guidelines.
These underserved borrowers can use 1099 earning statements in lieu of tax returns to qualify for a mortgage. Our 1099 Income loan is an alternative loan solution that helps many self-employed 1099 earners achieve homeownership.
Conventional Loan Flyer
Fannie Mae was founded in 1938 by Congress as a GSE in order to provide funding to make housing more affordable. Prior to that, getting a mortgage required a down payment that could be 50% or more. There were also very strict terms which often enabled the lender to take your home back if you had even one missed payment.
Since its founding, Fannie Mae has seen growth as well as its fair share of bumps. In 1968, Fannie Mae went private after a round of investment by shareholders that was chartered by Congress. Its funding came completely from the stock and bond markets. However, in the late 2000s, Fannie Mae was hit hard by the economic downturn and subsequent troubles in the real estate market.
Fannie Mae has been under the government conservatorship of the Federal Housing Finance Agency (FHFA) since late 2008. It was delisted from the New York and Chicago stock exchanges in mid-2010. Under the agreement, the FHFA financially supports Fannie Mae in certain circumstances in exchange for preferred stock.
Fannie Mae is a government-sponsored enterprise (GSE) that purchases mortgage loans from smaller banks or credit unions and guarantees, or backs, these loans on the mortgage market for low- to median-income borrowers. The mortgages are sold as mortgage-backed securities to investors, providing the necessary liquidity in the mortgage markets to make more loans and keep housing affordable.
Jumbo - Prime Loan Flyer
A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac.
Designed to finance luxury properties and homes in highly competitive local real estate markets, jumbo mortgages come with unique underwriting requirements and tax implications.
These kinds of mortgages have gained traction as the housing market continues to recover following the Great Recession.
The value of a jumbo mortgage varies by state—and even county. The FHFA sets the conforming loan limit size for different areas on an annual basis. The limit for 2022 was set at $647,200 for most of the country. This was an increase of $98,950 from the 2021 limit of $548,250. For counties that have higher home values, the baseline limit is set at $970,800, or 150% of $647,200.
DSCR Express Loan Flyer
A typical Non-QM Debt Service Coverage Ratio (DSCR) loan allows a borrower to qualify for a mortgage based on cash flow generated from an investment property – through a rental, for example – as opposed to their personal income. A calculation generates a debt-to-income ratio and the higher the ratio, the better.
350+ FICO Loan Flyer
Many Americans struggle to maintain good credit scores. Whether you recently declared bankruptcy or or defaulted on a debt, these types of events can have a major impact on your credit score. A poor credit score, in turn, can make it very difficult to secure the financing you need to purchase a home.
If your credit was negatively impacted by a recent event, you might want to consider taking out this type of loan. Pineyro Capital Group's recent credit event loans allow borrowers with relatively poor credit to qualify for a mortgage and buy a home.
Our non-QM credit event loans have flexible qualification standards, so you can still pursue your home-buying goals.
Foreign National Loan Flyer
Our Foreign National product offers borrowers who live outside the United States flexibility when purchasing or refinancing. This loan falls under our debt service coverage ratio product which means qualification is based on cash flow of the property instead of income.
Our Foreign National loan is easy to do and quick to close for those who are eligible.
ITIN Home Loan Flyer
Individual Tax Identification Number (ITIN) Loans Are For Borrowers Who Do Not Have Social Security Numbers.
Homebuyers with ITIN cards can qualify for a mortgage as long as they meet the eligibility requirements.
This loan product is a full doc non-QM mortgage offering flexibility for individuals residing in the United States.
1Y + 2Y P&L Only Loan Flyer
A P&L Statement, Profit and Loss Statement and Operating Statement all refer to the same document that our underwriters require for our P&L Only Loan Program.
Self-employed individuals have a more difficult time qualifying for a traditional mortgage. At Pineyro Capital Group Inc., we offer our Non-QM 1-year and 2-year P&L Only loans to help them.
Borrowers can qualify for a purchase and or refinance loan based on the strength of their business’s Profit & Loss (P&L) statement only. No bank statements are required.