Is The Center of Your Family
Multiple Income Options
Full Doc
W-2 & Filed Tax Return
- Ideal for salaried or hourly wage earners.
- Requires W-2 forms, pay stubs, and filed tax returns.
- Best for borrowers with stable and verifiable income.
- No YTD paystub needed*
Bank Statement
Self-Employed
- Designed for self-employed individuals and business owners.
- Uses 12-24 months of personal or business bank statements.
- No tax returns or W-2s required.
- Great option for those with fluctuating income.
DSCR
Investor Loan (Rentals)
- Vacant Properties Allowed*
- Gift Funds Allowed
- Can use current rent if higher than 1007
- AirBNB / Short-Term Rental Ok
- Recently listed allowed
- 2-4 Units up to 80% LTV
- 80% LTV up to $1.5 million
- Down to 0.75 DSCR – pricing still great
- First-time investors allowed
- No sourcing large deposits
Stated Income
No W-2 or Tax Returns required
- A flexible option for borrowers who may not have traditional income documentation.
- No tax returns or bank statements required.
- Typically requires a higher down payment and credit score.
- Perfect for business owners, freelancers, or retirees with non-traditional income sources.
Profit & Loss Only
Investor Loan (Rentals)
- No bank statements needed
- PTIN allowed
- P&L reviewed – not filed
- 12 month self employment
Asset Depletion
Divide by 60 Months
- Ideal for high net worth individuals
- Retired borrowers
- Additional Compensating factor
Program Highlights
Expanded-Prime
Borrowers at least 4 years past a housing event. Loan-to-Value up to 90%
- Credit scores down to 660
- LTVs up to 90%, No MI
- Loan amount up to $3.5 million
- DTI up to 50%
- Standard Full Doc, 1-year P&L, and Self-Employed Bank Statement options (12 and 24 months)
- Second homes and investment properties
- Cash-out solutions to unlock equity or consolidate debt
- 30-year interest only and 40-year interest only options
Non-Prime
Flexible solutions for borrowers recovering from recent credit impairments
- Credit scores down to 620
- LTVs up to 80%, No MI
- Loan amounts up to $1.5 million
- DTIs up to 50%
- Standard Full Doc, 1-year P&L, and Self-Employed Bank Statement options (12 and 24 months)
- Second homes and investment properties
- Cash-out solutions to unlock equity or consolidate debt
- 30-year interest only and 40-year interest only options
DSCR
Borrowers looking to qualify based on property income
- Credit scores down to 660
- LTVs up to 80%
- 1-4Units
- Ability to vest in name of LLC or corporation
- Loan amounts up to $2.5 million
- No borrower income or employment information required
- Interest-only options to maximize property cash flow
- cash-out solutions to unlock equity or consolidate debts
- 0-6 months ownership seasoning options to use the appraised value.
Personal & Business Bank Statement
Solutions for self-employed borrowers and small business owners
- Both 12 & 24 months options
- Credit score down to 620
- LTVs up to 90%
- Loan amounts up to $3.5 million
- DTI up to 50%
- Standard Full Doc, 1-year P&L, and Self-Employed Bank Statement Option (12 and 24 months)
- Second homes and investment properties
- Cash-out solutions to unlock equity or consolidate debt
- 30-year interest only and 40 year interest only options
Asset Utilization
Solutions for high net worth borrowers, retired individuals, or those with meaningful assets
- Available under Expanded-Prime program
- Both DTI & No DTI qualification options
- Credit scores down to 660
- LTVs up to 80%
- Loan amounts up to $3.5 million
Interest Only
Solutions for borrowers to optimize monthly payment obligations
- Available under Expanded-Prime, Non-Prime, and DSCR programs
- Credit scores down to 620
- LTVs up to 80%
- 30-year fixed, 30-year interest-only hand 40-year interest -only options
- Loan amounts up to $3.5 million
Jumbo Prime
Loan amounts up to $3 million, no PMI
- Mas cash-out up to $500k
- Credit scores down to 660
- DTIs up to 43%
- LTV up to 89.99% (up to $2 M)
- LTV up to 80% (up to $3 M)
- Full doc only
- Primary, second home, and investment properties
DSCR 5-9 Unit
A multi-family property loan that provides flixabilty for business purpose borrowers
- Credit scores down to 680
- LTV up to 75%
- Loan amounts up to $2 million, Min loan amounts $350,000
- Standard reserves 6 months PITIA
- Ability to vest in name of LLC or corporation
- Interest only options to maximize property cash flow
- up to 3% seller concession allowed towards closing
Non-Warrantable Condos
Solutions for condo projects outside Agency guidelines
- Available under Expanded-Prime, Non-Prime and DSCR programs
- LTV up to 80%
- Loan amounts up to $3.5 million
Equity Advantage Closed End Seconds
Solutions for self-employed borrowers and small business owners
- Stand-alone second lien mortgage
- Primary, second home, and investment properties
- Minimum 680 FICO
- Loan amounts up to $1,000,000
- Maximum CLTV 85% for primary
- Maximum CLTV 70% for second homes and investment properties
- Maximum DTI 50%
- Single Family residence, Townhomes, 2-4 units, and warrantable condos
- Full doc, personal and business bank statements
Equity Advantage HELOC
Access your equity through a line of credit
- Both 12 & 24 months options
- Credit score down to 620
- LTVs up to 90%
- Loan amounts up to $3.5 million
- DTI up to 50%
Business Purpose Loans
Solutions for real estate investors
- Available under DSCR program
- Ability to vest in LLCs & corporations
- Ability to borrow in the name of a LLC
- Interest only options to optimize cash flow
- LTVs up to 80%
- Underwritten based on subject property rental income
Mike performed a miracle, really he came through on a loan for a buyer for my house when others failed. My house was for sale for almost a year with no offers and finally when I received an offer Mike made it happen all within ten days, when the other lender kept delaying it. Selling a home is so stressful, Mike kept me informed every step of the process, he said the loan would go through and it did! I am so grateful to him for making it happen, now I can have my new home and new beginning.
Mahalo Mike and God bless 😇
Mahalo Mike and God bless 😇
I recently obtained a mortgage with BluEleven and I needed a lender that could work with unique situations for the self-employed . Mike and his team completed my mortgage in record time and offered a very competitive product. I highly recommend Mike and his team as not only did they deliver quickly, they were excellent in their communication, knowledge and friendly. 5 star service.
Isahi and the team with BluEleven were excellent to work with. Great rates. Patient and answered all my questions. My real estate agent also praised them. We were able to close on a tight deadline. I would not hesitate to suggest BluEleven to others.
Isahi and the whole team at BluEleven Mortgage are amazing! We have used them twice now, once for a purchase and again for a refi. I let Isahi know what I would like to do and she quickly lets me know what my best options are. She is knowledgeable, a great communicator and works quickly to get things done (all of my favorite qualities). I will absolutely use them again in the future.
Mike & Isahi did a great job getting my loan done very quickly without any issues. Great job with organization and execution! I would recommend them highly!
My partner and I just bought a place in LA and had the best experience with BlueEleven. Day or night, Isahi was always available and very attentive during the whole process. Overall had a smooth experience and would highly recommend working with her!
Mahalo Mike & Team, we are all so grateful for your diligence in finalizing the loan.
There were some big hoops to jump through and you did it!
The clients are so happy to finally be in their new home here on Kauai; Congrats to you & your team 😊. Lisa
There were some big hoops to jump through and you did it!
The clients are so happy to finally be in their new home here on Kauai; Congrats to you & your team 😊. Lisa
Mike, Isahi and the whole team were amazing. They supported me and answered all of my questions along the way. They made my whole home purchasing experience a breeze. Highly recommend!
