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Includes underwriting overlays such as debt consolidation restrictions for investment properties, prepayment penalty terms, appraisal requirements, desk review thresholds, declining market adjustments, and detailed income documentation options using bank statements, P&L, WVOE, and 1099.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/forms/","Forms",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/community-alt-doc-full-alt-doc-bank-statement-pl-1099-asset-utilization/279817/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/community-alt-doc-full-alt-doc-bank-statement-pl-1099-asset-utilization/279817.png","ImageObject",442,249,{"name":42,"@type":43},"Ben ","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-25","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",7,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What occupancy categories does the matrix cover and how do they differ?","Question",{"text":63,"@type":64},"It distinguishes Primary & 2nd Home versus Investment occupancy. Rules for LTV, documentation, and certain exceptions (such as debt consolidation) are applied differently by occupancy type.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Which income documentation methods are referenced for underwriting?",{"text":68,"@type":64},"The document lists 12-month personal and business bank statements, P&L only requirements, WVOE using FNMA Form 1005 (or approved vendor), and 1099 IRS form-only documentation with specific constraints and calculations.",{"name":70,"@type":61,"acceptedAnswer":71},"What restrictions and overlays affect investment property loans?",{"text":72,"@type":64},"Debt consolidation is not permitted on investment properties. Investment also includes specific appraisal/review adjustments, including declining market guidance that reduces matrix max LTV based on appraiser-identified conditions.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},279817,1790610081,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,113,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":111,"slug":112},17,40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":110,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":22,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":4},2336478951081,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Full & Alt Doc: Bank Statement, P&L, WVOE, 1099, Asset Utilization  \nCommunity Alt Doc | Primary, Second Home and Investment  \n\n| OCCUPANCY |  | PRIMARY & 2ND HOME |  |  |  |  |  | INVESTMENT |  |  |  |  |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n| Loan Amount | FICO | Purchase | Rate & Term / Debt\u003Cbr>Consolidation | Cash-Out |  | Reserves |  | FICO | Purchase | Rate & Term | Cash-Out | Reserves |\n| \u003C $1,000,000 | 720+ | 85% | 85% |  | 80% | 3 Months |  | 720+ | 80% | 80% | 80% | 3 Months |\n|  | 700 | 85% | 85% |  | 80% |  |  | 700 | 80% | 80% | 80% |  |\n|  | 680 | 80% | 80% |  | 75% |  |  | 680 | 75% | 75% | 75% |  |\n|  | 660 | 70% | 70% |  | 70% |  |  | 660 | 70% | 70% | 70% |  |\n| $1,000,001- $1,500,000 | 700 + | 85% | 85% |  | 80% | 6 Months |  | 700+ | 80% | 80% | 80% | 6 Months |\n|  | 680 | 80% | 80% |  | 75% |  |  | 680 | 75% | 75% | 75% |  |\n|  | 660 | 70% | 70% |  | 70% |  |  | 660 | 70% | 70% | 70% |  |\n| $1,500,001- $2,000,000 | 700 + | 80% | 80% |  | 80% | 9 Months |  | 700+ | 80% | 80% | 80% | 9 Months |\n|  | 680 | 80% | 80% |  | 75% |  |  | 680 | 75% | 75% | 75% |  |\n|  | 660 | 70% | 70% |  | 70% |  |  | 660 | 70% | 70% | 70% |  |\n| $2,000,001- $2,500,000 | 700 + | 80% | 80% |  | 80% |  |  | 700+ | 80% | 80% | 80% |  |\n|  | 680 | 80% | 80% |  | 75% |  |  | 680 | 75% | 75% | 75% |  |\n|  | 660 | N/A | N/A |  | N/A |  |  | 660 | N/A | N/A | N/A |  |\n| $2,500,001- $3,000,000 | 700 + | 75% | 75% |  | 75% |  |  | 700+ | 75% | 75% | 75% |  |\n|  | 680 | 75% | 75% |  | 75% |  |  | 680 | 75% | 75% | 75% |  |\n|  | 660 | N/A | N/A |  | N/A |  |  | 660 | N/A | N/A | N/A |  |\n| *Debt Consolidation not permitted on Investment properties |  |  |  |  |  |  |  |  |  |  |  |  |\n| Geographic Restrictions |  |  |  |  |  |  |  |  |  |  |  |  |\n| Eligible States: |  | NY, NJ, PA, OH, FL, CT |  |  |  |  |  |  |  |  |  |  |\n| Product Highlights |  |  |  |  |  |  |  |  |  |  |  |  |\n| Loan Purpose |  | Purchase, Rate and Term, Cash out *Primary and Second Home (Consumer) & Investment (Business Purpose) |  |  |  |  |  |  |  |  |  |  |\n| Exceptions |  | Considered on a case by case basis |  |  |  |  |  |  |  |  |  |  |\n| Prepayment Penalty\u003Cbr>(Investment Property Only) |  | 5% of the unpaid principal balance. (Other than the monthly payments required herein, if Borrower prepays this Note in whole or in part before the full term of the pre-payment period, Borrower will pay a Prepayment Premium equal to Five Percent (5%) of any amount prepaid (\"Prepayment Premium\")\u003Cbr>NJ. Pennsylvania 1-2 Units > $319,777 . OH 1-2 Units not allowed. |  |  |  |  |  |  |  |  |  |  |\n| Product Types |  | • Primary & 2nd Home: 30-Yr Fixed, 5/6 ARM\u003Cbr>• Investment Occupancy: 30-Yr Fixed, 5/6 ARM, 7/6 ARM, 10/6 ARM |  |  |  |  |  |  |  |  |  |  |\n| Interest Only |  | Not Allowed |  |  |  |  |  |  |  |  |  |  |\n| Loan Amounts |  | Min: $150,000-Max: $3,000,000 ( > $3,000,000 case by case) . |  |  |  |  |  |  |  |  |  |  |\n| Occupancy |  | Primary (O/O), Second Home (Max 80% LTV), & Investment (N/O/O) |  |  |  |  |  |  |  |  |  |  |\n| First Time Investor |  | No housing late payments during the past 12 months . If Rent Free refer to guidelines. |  |  |  |  |  |  |  |  |  |  |\n| Property Types and Restrictions |  | SFR, SFR + 1 ADU, Modular, PUD, Townhome, 2-4 Units, Condos, Non-Warrantable Condos, Rural properties | Condotels are eligible on investment properties only |  |  |  |  |  |  |  |  |  |  |\n| Property Overlays for Primary & 2nd Home |  | Condominium Max 85% LTV | Non-Warrantable: Max 80% LTV, 2-4 Unit: Max LTV 80% |  |  |  |  |  |  |  |  |  |  |\n| Cash Out |  | Max Cash In Hand: > 65% LTV $1,000,000 ≤ 65% LTV Unlimited. Cash-Out Proceeds may be used for 100% reserve requirements. |  |  |  |  |  |  |  |  |  |  |\n| Short Term Rental |  | Max LTV: Purchase 75% | Refinance: 70% |  |  |  |  |  |  |  |  |  |  |\n| Acreage |  | Properties up to 20-acres |  |  |  |  |  |  |  |  |  |  |\n| Appraisals |  | Loan Amounts ≥ $2,000,000","cbCaia5wR4zI4Yem","https://ap.wps.com/l/cbCaia5wR4zI4Yem","pdf",98859,"English","# OCCUPANCY\n## PRIMARY & 2ND HOME\n## INVESTMENT\n# Product Highlights\n## Loan Purpose and Exceptions\n## Product Types and Loan Amounts\n# Geographic Restrictions\n# Key Overlays and Rules\n## Debt Consolidation and Prepayment Penalty\n## Interest Only and Occupancy Limits\n## Property Types and Restrictions\n# Appraisals and Reviews\n## Desk Review\n## Declining Markets: Investment\n# Income Documentation\n## 12 mos Personal/Business Bank Statements\n## P&L Only\n## WVOE and 1099 Documentation","[{\"question\":\"What occupancy categories does the matrix cover and how do they differ?\",\"answer\":\"It distinguishes Primary \\u0026 2nd Home versus Investment occupancy. Rules for LTV, documentation, and certain exceptions (such as debt consolidation) are applied differently by occupancy type.\"},{\"question\":\"Which income documentation methods are referenced for underwriting?\",\"answer\":\"The document lists 12-month personal and business bank statements, P\\u0026L only requirements, WVOE using FNMA Form 1005 (or approved vendor), and 1099 IRS form-only documentation with specific constraints and calculations.\"},{\"question\":\"What restrictions and overlays affect investment property loans?\",\"answer\":\"Debt consolidation is not permitted on investment properties. Investment also includes specific appraisal/review adjustments, including declining market guidance that reduces matrix max LTV based on appraiser-identified conditions.\"}]","Community Alt Doc - Full & Alt Doc Bank Statement - P&L - 1099 - Asset Utilization | PDF",1789527948]