Alternative Documentation
BluePoint Correspondent offers a full suite of Alternative Documentation loans designed for self-employed borrowers and those with non-traditional income sources. Our Alt-Doc programs help Delegated Correspondent lenders serve more clients with flexible qualifying options—including bank statements, 1099 income, asset utilization, and P&L only. Whether you’re funding Choice, Select, or Expanded, you’ll find the right solution to grow your pipeline. Explore our Alt-Doc offerings below and find the best fit for your borrowers. Ready to become an approved Delegated Correspondent lender? Start here.
- Loan Amounts $150,000 – $2,500,000
- Min. FICO 660 (Max LTV 80%)
- LTVs up to 90% (Min. FICO 720)
- Max Cash-In-Hand: $1,000,000
- 12-months of bank statements
- Fixed Expense Ratio (50%)
- Max DTI 43%
- Loan Amounts $150,000 – $4,000,000
- Min. FICO 660 (Max LTV 80%)
- LTVs up to 90% (Min. FICO 680)
- 12-months of Bank Statements
- 12-month Profit & Loss Statement Only
- WVOE
- 1-year 1099
- Asset Utilization
- Max DTI 50%
- Loan Amounts $150,000 – $3,00,000
- Min. FICO 620 (Max LTV 70%)
- LTVs up to 85% (Min. FICO 680)
- 12-months of Bank Statements
- 1-year 1099
- Asset Utilization
- Max DTI 50%