Alternative Mortgages

Bank Statement Income Loan

For Self-Employed borrowers who cannot qualify with traditional income calculations
3 or 12 Months Bank Statement Deposits as income
No P&L required (for 12 months bank statements)
No Tax Returns Required
Primary Residence, Second Home, Investor Occupancy
Refinance: rate/term or cash-out
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Investor Cash Flow (DSCR) Loan

For investors looking to qualify solely off subject property rental income
Close in an entity such as LLC or partnership (does not report on individual credit report)
First Time Investors Allowed
Refinance: rate/term or cash-out
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Asset Based Loan

For borrowers with enough assets to cover the loans balance, but cannot qualify with traditional income calculations
No Employment or Income Required
As Little as 25% Down
Two Months Bank Statements to verify funds
Owner Occupied & Second Home
Loan Amount up to total assets (if you can pay in cash you can get a loan)
Refinance: rate/term or cash-out
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Non-Warrantable Condo Loan

For borrowers looking to finance non-warrantable condos
Insufficient Insurance Coverage
Co-Operatives
Condotels
Current Litigation
Refinance: rate/term or cash-out
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Foreign National Loan

For Foreign Nationals with no U.S. income or credit
No Income
No Assets
No Credit Report
Send Foreign Assets Direct to Escrow
Refinance: rate/term or cash-out
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Unique Property Loan

For borrowers looking to purchase or refinance properties that do not fit traditional mortgage guidelines
Condotel: No minimum square footage
Condotel: Full-sized kitchen not required
Multiple homes on one parcel
Luxury properties up to $10,000,000+
Single Family with multiple ADUs (Ohana units)
Large Acreage (25 acres)
Refinance: rate/term or cash-out
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Service Industry Loan

For borrowers that receive tip income that may not reflect on their tax returns and cannot qualify under traditional income calculations
Written Verification of Employment to verify base and tip income
No Paystubs or Tax Returns Required
Refinance: rate/term or cash-out
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1099 Income Loan

For 1099 paid borrowers who cannot qualify with traditional income calculations
1099 income minus expenses
Simple P&L to verify business expenses
No Tax Returns Required
Refinance: rate/term or cash-out
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No Income Loan

For borrowers with inadequate income documentation
No Income Documentation Required
As little as 25% Down
Primary Residence Only
Refinance: rate/term or cash-out
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Bridge Loan

For borrowers looking to purchase a new property before completing the sale of a current property that the downpayment will come from
12 Month Interest Only
No Income (Investment Property Only)
Loans up to $5,000,000+
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Individual Taxpayer ID (ITIN) Loan

For Resident and non-residents issued an ITIN# in lieu of a social security#
As Little as 20% Down
Credit Score as Low as 650
Can use on Bank Statement or Investor Cashflow as income
Can combine with other alternative income loans (bank statement, 1099, Service indsutry etc.)
Refinance: rate/term or cash-out
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Private Money Loan

For borrowers needing a quick close based on equity and property only
Quick closings in as little as 5 days
30% or more down for purchases
Cross collateralize other properties
Loan amounts $10,000,000 and higher
Refinance a property listed for sale
Refinance: rate/term or cash-out
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Reverse Mortgage (HECM)

For borrowers over 62 year old or older looking to tap into their equity with no payment
No monthly payment
You still own your home
Use equity cash for any purpose
Purchase a property with a HECM reverse mortgage
Children have the option to keep / sell / or let go of the home when you pass
Primary residence only
Refinance: rate/term or cash-out
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Commercial Loan

For borrowers looking to purchase commercial property
Apartment building (5+ units)
Industrial
Office condo or buidling
Retail space
Land
Refinance: rate/term or cash-out
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Portfolio Loan

For borrowers needing 'outside the box' financing
$0 Down up to $1,000,000 for owner occupied
Unique Properties & Tear Downs
Condotels
Residences with Farms
Refinance: rate/term or cash-out
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Land Loan

For borrowers looking to purchase land and build a home within 3 years
As little as 40% down
Residential Zoned: Loans up to $750,000
Agricultural Zoned: Loans up to $500,000
Property must have power and water
Lava zone 3 or higher
1-3 Year term
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Construction Loan

For borrowers looking to finance construction of a home on existing owned land
100% financing if you own the land outright
12-18 months to complete
construction
Cross collateralize other property
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C2 Financial Corporation is a Hawaii State NMLS Licensed MLOC: NMLS #135622, C2 Hawaii NMLS#1244222. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of Hawaii.

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