ATR Express – Income Documentation Options

First National Bank of America is committed to making mortgage approvals easy! Our ATR Express is a suite of options meant to help you prove your ability to repay (ATR) a mortgage utilizing an Income Documentation option that fits your life. Take a look at the options below to learn more about each one. Our experienced loan officers will work with you to determine the best approach to a Non-QM mortgage approval!

Profit & Loss Only

This is a perfect option for our borrowers that are self-employed and is an alternative to using your bank statements! We understand that as a business owner, tax returns don’t always tell the whole story.

Profit & Loss

Bank Statement

Another great option for our self-employed or 1099 borrowers. This income documentation options allows you to use Personal or Business Bank Statements and we only require 12 months of history!

Bank Statement

Asset Depletion

Excellent option for borrowers that need to supplement their income with seasoned assets in order to show adequate income to qualify for a mortgage.

Asset Depletion

Ready Asset

This option allows borrowers to get approved for a mortgage with no income! Great for the high net worth borrower or retired individual that has seasoned assets.

Ready Asset

Full Doc

Borrowers can qualify for a Non-QM mortgage using Tax returns and W2’s.

Full Doc

 

Want to talk to a member of our team? Call  1-833-394-8404