MIDAS MORTGAGE GROUP
Your Home, Your Future
At Midas Mortgage Group, we understand that buying a home is one of the most significant decisions you’ll make in your lifetime. Our mission is to make this process as smooth and rewarding as possible. We are dedicated to helping you achieve your dream of homeownership with our comprehensive suite of residential mortgage services.
Midas Bank Statement Loan
To qualify for this loan, we allow the use of 12 and 24 months of business or personal bank statements for income rather than tax returns
Program Highlights:
- FICO 580+
- Up to 90% LTV
- 30 Year Fixed and ARM Options
- Loan amounts up to $4 million
- 12 months removed from bankruptcy or foreclosure
- FICO 580+Combination of business and personal bank statements allowed
Midas Investment Property Loan
Our Midas Investment Property Loan allows a borrower to purchase or re-finance a property without any sort of income (no employment, no tax returns, W2s, or paystubs).
This loan is based on the rental income generated from an investment property rather than your personal/business income.
Program Highlights:
- FICO 599+
- Up to 80% LTV
- Loan amounts up to $3 million
- 30 Year Fixed and ARM Options
- No income or employment verification
- DSCR as low as 0
- Cash-out proceeds may be used for reserves
- Eligible for Non-Permanent Residents and Foreign Nationals
Midas P&L Program
With Midas’s P&L Program, borrowers can qualify for a loan based on the strength of their business’s Profit & Loss (P&L) statement only. No bank statements are required.
Program Highlights:
- FICO 580+
- Up to 85% LTV on 2 Year P&L
- Up to 80% on 1 Year P&L
- 30 Year Terms and ARM Options
- Max DTI 55%
- Loan amounts up to $4 million
- P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
- No bank statements required
Midas Fix N Flip Loan
Our Midas Fix N Flip loans are perfect for investors looking to fix and flip a home.
Program Highlights:
- Up to 90% LTV
- Up to 100% of renovation/rehab costs
- Interest only, 12-24 month terms
- Fully amortized – interest stops when loan is paid in full
Midas 1099/WVOE Programs
Midas uses the actual wages from your 1099 form as qualifying income for your new home loan. Alternatively, we offer a Written Verification of Employment (WVOE) Program as well.
Program Highlights:
- FICO 580+
- Up to 80% LTV for WVOE
- Up to 90% LTV for 1099
- Loan amounts up to $4 million
- DTI 55% Max
- Cash out available
- Completed FNMA Form 1005 for 2-year history with the same employer
Midas Non Permanent Resident Program
We specialize in home loans for non-U.S. citizens who are authorized to live and work in the U.S. on a temporary basis.
Midas Foreign National Program
Our Midas Foreign National Program allows borrowers living abroad to purchase or re-finance a property in the United States. Our foreign national program has a flexible, alternative documentation process with realistic guidelines which helps more borrowers to qualify.
Program Highlights:
- No FICO score required
- Up to 80% LTV
- 30 Year Terms
- Loan amounts up to $3 million
- Cash-out allowed
- Debt service coverage ratio as low as 0
- CPA Letter covering last 2 years & year-to-date
- One bank reference letter
- Overseas assets allowed as reserves
- Gift funds allowed
Midas Asset Utilization Home Loan
Asset Utilization home loans allow borrowers to use their assets as a means to qualify for a home loan. Whether you are an investor, self-employed, an entrepreneur, retired, or simply living off investments, this program allows you to qualify
Program Highlights:
- FICO 580+
- Up to 80% LTV
- Cash-out up to 75% CLTV
- Savings and checking 100%
- Securities at 90%
- Retirement at 70%
- Cash out available
- Income calculation – all eligible assets divided by 60
Have Questions? Speak With Midas's Financing Advisor Today!
As a small business owner, navigating through the lending landscape can be both confusing and time consuming. At Midas, our job is to provide the best possible solutions for your business, while also making the process as simple as possible so you can spend your time focusing on the day-to-day operations of your business.
281-301-4374