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We offer Alternative Lending Solutions for our Borrowers

Alternative Lending

Call 888-416-0920

Smart Mortgage Centers offers alternative lending programs to help borrowers who may not meet general Agency financing guidelines.  


Non-Prime loans are also known as temporary or fixer loans for borrowers who are on their way to Prime but need a little help before they qualify. Non-Prime loans characteristically are made to borrowers who have had a past credit event or events in the form of Foreclosure(s), Bankruptcy(ies), Short Sale(s), late payment(s), collection(s), charge-off(s), etc. Additionally, a borrower seeking a Non-Prime loan can use alternative documentation to qualify, in form of bank statements, liquid assets, and other forms of income not typically accepted by government lending criteria. Non-Prime loans usually have increased rates of interest and costs for providing access to capital while providing the ability to participate in the economy and housing market. Non-Prime loans should only be looked at as a temporary solution to an immediate need.

  • Up To 80% LTV & Up To 5 Year Term 
  • No Minimum Credit Score 
  • Future Value of Rental Income Considered 
  • Bankruptcy, Foreclosure And Short Sales Are Ok 
  • Deferred Maintenance Is Acceptable 
  • Debt Consolidation Allowed 
  • Rehab Money Escrow for Future Value to Sell Available 
  • Refinancing of Reverse Mortgages Available

Inherited Property Program


Better Business Bureau A+ Accredited -

Complaint Free Awards 2011, 2012, 2014, 2015, 2016 & 2017.

Over 300 - 5 star reviews on Google, BBB & Yelp and more.

Foreign National Partnership Program

Program 1

  • Minimum Down Payment of 15% is Required 
  • Use Tax Return or Bank Statements to Document Income 
  • Most Property Types Accepted 
  • Gift Funds Allowed 
  • Quick Closings 
  • Fixed Rate Mortgage with 15, 20, or 30 Year Term

Non Prime Program

Losing a family member is difficult, but keeping a home in the family after a loss should not be.Whether you need funds for repairs, the buy out of another heir or cash out, we have a solution.

  • Rates starting in the low 5’s 
  • 1 day out of foreclosure, short sale, bankruptcy or deed-in-lieu 
  • Loans up to $1 million 
  • Credit scores down to 500 
  • Up to 90% LTV 
  • DTI up to 50% considered 
  • Owner-occupied, 2nd homes, and investment properties 
  • Non-warrantable condos considered 
  • Jumbo loans down to 500 score 
  • 5/1 ARM or 30-year fixed 
  • No pre-payment penalty for owner-occ and 2nd homes 
  • No active tradelines OK with housing history 
  • SFRs, townhomes, condos, 2-4 units 
  • Seller concessions to 6% (2% for investment)

ITIN Loans

Second Chance Program

Non Prime Home Loans - (Alternative Mortgage Options)

  • No tax returns required 
  • 12 month personal bank statements 
  • 24 month business bank statements 
  • Loans up to $3 million 
  • Credit scores down to 620 
  • Rates starting in the low 5’s 
  • Up to 90% LTV on Personal and Business  
  • DTI up to 50% considered 
  • Owner-occupied, 2nd homes and investment properties  
  • 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu 
  • Non-warrantable condos considered 
  • Jumbo loans down to 660 score 
  • 5/1 ARM or 30-year fixed 
  • No pre-payment penalty for owner-occ and 2nd homes 
  • Seller concessions to 6% (2% for investment) 
  • 2 year self-employed required

Bank Statement Program

Alternative Lending Programs

At Smart Mortgage Centers we realize not everyone has perfect credit and we understand life happens. Additionally, not everyone can document their income in the narrow definition that government loans allow. Smart Mortgage Centers allows borrowers with a rougher than usual credit history to qualify for loans with terms that are fair and meet government lending criteria for Ability-to-Repay and government fee limitations.

General Requirements -

Max LTV 75%

Max Loan Amount $1,000,000

Qualify at 640 FICO score

Designed for experienced investors.

Income and employment are not verified.

Documentation -

Copies of the borrower’s passport and unexpired visa must be obtained

The following visa types are accepted for foreign nationals:

- B-1 and B-2, H-2 and H-3, I, J-1 and J-2, O-2, P-1 and P-2

Assets -

NO Reserves required

Funds for down payment and closing costs must be sourced or seasoned for 60 days

- Must be in US depository for 30 days prior to closing

Credit -

3 open accounts with a 2-year history

Letters of reference allowed

2-year housing history can be used as tradeline


**All documents must be translated by a certified translator

Program 2

  • Purchase, Refinance, Investment Properties 
  • 20% Down Payment (Gift allowed) Call for details 
  • 2 Years Tax Returns 
  • 2 Years W2 or 1099 
  • 3 Months Bank Statements 
  • Passport, ITIN Card, Drivers License
  • Second Chance Program Highlights 
  • Up To 80% Ltv 
  • No Minimum Credit Score 
  • Full Doc Only-43% DTI 
  • Bankruptcy, Foreclosure And Short Sales Are Ok 
  • Deferred Maintenance Is Acceptable On Purchases 
  • Up To 7% Seller Help Allowed 
  • Gift Funds Are Acceptable 
  • Need 2 Months PITI Post-Closing 
  • May Consider 1st Time Homebuyer With Larger Down Payment

Smart Mortgage Centers offers mortgages that are designed to help people who have a tax id number (ITIN) but no social security number.

"Since 1997 we provide the highest 5 star customer service, lower rates and low to no closing cost options.  Your home loan is handled with care from start to finish, assuring a smooth and enjoyable experience".

Vice President, Brian Birk

THE SMART GUARANTEE:

Alternative Lending Programs | Smart Mortgage Centers