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Stated W2 Income

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SouthFork Funding provides non-traditional prime mortgage financing to low-income borrowers, small business owners, immigrants, and others. Tax returns don't often tell the whole story, so we base underwriting choices on character, credit, equity, and the borrower's overall circumstances.

Income Verification

  • Self-Employed: 12-month CPA/Accountant Prepared P&L

  • Salaried: SouthFork VOE1 with Current Income ONLY

  • No Tax Returns or W2s required.

  • Not a Bank Statement Program.

  • Up to 50% DTI

Asset Verification

  • 1 Month Bank Statement (covering at least 30 days)

  • 100% Gifts Allowed for Down Payment, Closing Costs, Reserves

  • Cash-Out Proceeds May Be Used Towards Reserves

Other Program Highlights

  • Purchase & Rate/Term Refinance up to 80% LTV

  • Cash-Out Refinance up to 75% LTV, Unlimited Cash-Out Funds

  • 1-4 Units, Condos, Coops, PUDs

  • Second Homes Allowed

  • Minimum 660 FICO

  • Loan Amounts up to $3,000,000

  • Various loan terms available

  • Interest-Only Option Available on all loan terms except 15 year fixed

Your Mortgage Approval Starts HERE

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