Subprime Loans With No Reserve Requirements

LENDERLINE® is currently offering subprime mortgages with no reserve requirements, under the following guidelines:

  • The property must be located in the State of California.
  • Credit scores as low as 500.
  • No reserves required.
  • Gift funds allowed for entire down payment and closing costs.
  • Bankruptcy seasoning as low as 1 day.
  • Foreclosure seasoning as low as 1 day.
  • Deed-in-lieu of foreclosure seasoning as low as 1 day.
  • Short sale seasoning as low as 1 day.
  • Self-employed or W2 wage-earners.
  • W2s and pay stubs only for wage-earners.
  • 2 years tax returns and year-to-date profit and loss for full-doc self-employed.
  • 24 months business or personal bank statements for alt-doc self-employed.
  • Purchase, rate and term, or cash out refinance.
  • Primary residence, second home or investment properties.
  • SFR, PUD, condo, townhouse, condotel, rural properties and 2-4 units allowed.
  • US citizens, permanent residents and ITIN workers allowed.
  • Up to 50% debt-to-income ratio.
  • $75,000 minimum loan amount.
  • $5,000,000 maximum loan amount.
  • 5/1 ARM, 7/1 ARM or 30-year fixed rate available.
  • All loans require impounding of property taxes and hazard insurance.
  • Interest-only option available (see underwriting guidelines and pricing adjustment).
  • No prepayment penalty.

To download underwriting guidelines
for our Subprime mortgages with no
reserve requirements loan program:

To download a loan application
for our Non-prime mortgages with no
reserve requirements loan program:

LENDERLINE® is your subprime loans with no reserve requirement lender of choice. To apply for subprime loans with no reserve requirement call us today.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.

  • Obtaining a mortgage through Lenderline was by far the best loan process we have ever experienced.

    Jay M.

    Northridge, CA

  • We have purchased and/or refinanced 4 rental properties and 3 different residences... In all those years, we have never dealt with such a professional broker.

    Toni M.

    Westlake Village, CA

  • Lenderline got us a cash-out refinance using 24 months bank statements as income, no tax returns, no 1099, and no 4506-T. They had just the loan product we were looking for, their rates were good, and their attention to detail was outstanding. I have already referred some of my friends.

    Thomas J.

    Perris, CA

  • I was at the end of my rope. Other lenders had turned me down due to a recent short sale, and I had a hard money loan with a balloon payment that was coming due. Lenderline was able to pay off my hard money loan, lower my interest rate, and provide some additional cash out at closing. What a lifesaver!

    Hector R.

    Northridge, CA

  • I had no FICO scores, and Lenderline was able to get me an FHA loan with only 3.5% down. My mortgage payment is less than my rent was, and I am now a happy homeowner thanks to the awesome loan agents at Lenderline.

    Edwin D.

    Los Angeles, CA

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