1. Programs Available
Eligible Borrowers
Underwriting Guidelines
AUS Requirement
Occupancy
Eligible Properties
Ineligible Properties
Qualifying Ratios
Qualifying Income
Credit
FHA and Conventional
Salaried, hourly (base only) and fixed only. Borrower(s) with
more than 25 percent ownership interest in a business are not
considered salaried
Follow FHA/Conventional underwriting criteria and AUS findings
Approve/Accept only. No manual underwrites
Owner Occupied Only
SFR, PUDs and Condominiums (must be agency approved)
Second homes, Investment Properties
Follow AUS findings
Base income only. Commission/Overtime/Bonus and “other”
income subject to underwriter discretion
Full tri-merged credit report with minimum 2 scores reported
Alterra Home Loans
W-2 ONLY PROGRAM GUIDELINES
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NMLS#
Cell:
Fax:
Email:
Alterra Home Loans, a division of Alterra Group, LLC. located at 1290 S. Jones Blvd, Las Vegas, NV 89146, is a Nevada Corporation NMLS #133739; Arizona
Mortgage Banker License #0915860; California – DBO Residential Mortgage Lending Act License #4131101; Colorado Mortgage Company Registration; Florida
Mortgage Lender Servicer License #MLD381; Georgia Mortgage Lender License #30249; Illinois Residential Mortgage License MB: 6761067; Nevada Mortgage
Banker License #3388; Nevada Mortgage Broker License #2916; New Jersey Residential Mortgage Lender License; Oregon Mortgage Lending License ML-4879;
Texas-SML Mortgage Banker Registration; Washington Consumer Loan Company License CL-133739
Office:
; Licensed by the NJ Department of Banking and Insurance
Licensed Mortgage Originator
Direct: 201.897.4357
Adolfo Rivera
Branch Manager
862.223.8422
482 McBride Ave
201.926.7033
201.500.2576
Paterson NJ 07501
207592
arivera@goalterra.com