Athas Capital offers competitive loan programs to non-prime borrowers. This includes a variety of different types of mortgages to accommodate to different borrowers needs. This includes options for people with bad credit, as well as alternative income documentation loans for the self employed (which allow you to use bank statements instead of tax returns to prove income.
Athas Capital Mortgage Programs
Athas Capital offers 4 different non-prime loan programs:
- Non-Prime O/O Consumer Purpose – This loan product, which is for owner occupied, primary residences. You can use either tax returns or bank statements to prove income, and they accept FICO scores all the way down to 300! Please note, this program is only available in Arizona, California, Colorado, Idaho, Oregon, and Texas.
- Non-Prime N/O/O Business Purpose – This program is for refinancing non-owner occupied properties. One of the most attractive features of this loan product is that no income documentation is required (in other words, you do not have to prove your income). The maximum LTV allowed is 80%. This loan product is available in the following states: Arizona, California, Colorado, Idaho, Kansas, Montana, Nebraska, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, and Wyoming.
- Non-Prime Bridge – The Non-Prime Bridge program offered by Athas allows you to refinance almost any imaginable non-owner occupied property (investment properties). This includes many types of residential and commercial properties, even those with deferred maintenance. No income proof is needed. Loan amounts are available from $50,000-$15,000,000. This program is geared towards those who only want a short-term loan (60 months or less).
- Fix and Flip – Are you looking to rehab a property? The Fix and Flip program by Athas allows you to finance a home that is incomplete or in need of repairs. LTV’s are available up to 70%, and FICO scores can be as low as 500. Loan amounts are available up to $2,000,000, and there are no prepayment penalties.
To learn more about the programs that Athas Capital offers, visit this page .
What is the lowest credit score accepted?
Athas Capital has mortgage programs that accommodate to borrowers with credit scores as low as 300! This is almost unheard of in 2019, which makes Athas quite competitive in the mortgage marketplace.
What is the highest LTV?
The highest LTV that Athas will allow on most of their programs is 80%, and only 70% of the Fix and Flip product.
What are the seasoning requirements for derogatory credit issues?
We are unaware of any seasoning requirements for bankruptcies, foreclosures, or short sales.
How do I get pre-approved?
Would you like to see if you qualify for a mortgage with Athas? We can connect you with a loan representative from Athas, and also help you compare offers from multiple mortgage lenders, if you would like. Simply get in touch with us via our contact form , and we will connect you with a loan representative that can answer your questions and help you get pre-approved.