Alt Doc Loans

Nationwide Alternative Documentation Loan

An Alt Doc Loan is a type of loan that is designed to simplify the loan approval process by granting borrowers the ability to provide alternative forms of qualifying documentation, instead of using bank standards to qualify a client like income taxes. We can qualify a borrower just by using their bank statements, rental income, profit and loss statements, or just their W2’s. At RGC Capital we simplify the complex mortgage process.

12 Month and 24 Month Bank Statement Loan

Loan Program Highlights

• Diverse income sources
• Streamline approval process
• Great for borrowers who miss bank eligibility
• Lit documentation with no global underwriting
• Structured prepay clause to meet your needs
• Owner and investment type properties

Benefits of the Loan Program

• Quicker loan process
• Variety of loan options
• Low prepay options
• High loan to values
• Corp, LLC and Partnerships allowed

Types of Properties Eligible for Alt Doc Loans

• Multi-Family Apartments (5+ Units)
• Mixed-Use & Mobile Home Parks
• Commercial: Office, Retail, Warehouse, Industrial, Self-Storage, and Automotive
• 1 -4 Residential properties

Target Clientele for this Loan Program

Our 12 to 24 month bank statement loans are ideal options for self-employed and high net worth individuals who are not able to support their actual income through traditional income tax returns. With our bank statements program we permit the use of 12 and 24 months of personal or business bank statements to qualify for your loan. We focus on the application deposits rather than their income tax returns to prove qualifying income.

Documents Required for Loan Program Application

1. Sign RGC Capital loan proposal (LOI)
2. Bank statements 12 or 24 months of (all pages) personal and business
3. Driver’s license, social security card or other legal identification
4. Loan application (business purpose applications click here /
     For residential applications click here )
5. Insurance quote on all properties owned
6. Current mortgage statement on all properties owned
7. If rental – lease(s) 
8. If cash out, letter of explanation
9. Complete entity docs if corporation or LLC