Unconventional Self Employed Mortgages | A Wealth of Information and Service
Speak to a Live Loan Officer: (800) 718-8906
Speak to a Live Loan Officer: (800) 718-8906
A Business Purpose Loan is a unique mortgage program designed for primary residences. It is a type of primary residence stated income loan.
What’s unconventional about this stated income loan is that it is a non-trid loan for the primary residence. Documentation for employment verification and income, not required.
This particular Business Purpose Loan Program is considered unconventional because it can be utilized on a primary residence. Done in such a way to where it is considered compliant.
What makes this business purpose loan program special? Typically, a business purpose mortgage loan is on a non-owner-occupied. Business owner must show a business bank account (seasoned account – no problem), and business expansion intentions to which you will utilize partial capital obtained via our business loan cash out refinance.
* Loan Amount: Up to $10,000,000
* Maximum LTV: 75% (exceptions up to 80%)
* Minimum Credit Score: 680 (middle score)
* Credit Criteria: 6 tradelines with 36 months seasoning
* No Purchase Title Seasoning Required Cash Out for Refinances
* Unseasoned Business Owners (<2 Years History) Accepted
Ready to explore your construction-loan options? Submit a simple form to connect with one of our experienced loan officers and begin the pre-qualification process—no credit inquiry required.
* Owner-Occupied Primary Residence
* Investment Property (including ADUs and roommate income)
* Non-Owner-Occupied Investment Property
* Second/Vacation Homes
* Self-Employed, Business Owners, Investors OK
* Eligible Business Entities: C-Corp, S-Corp, LLC, Sole Proprietorship (in some cases)
* No Income No Reserves – Application income and asset sections are left blank
A Business Purpose Cash-Out Refinance allows borrowers to access their home equity without providing tax returns or other financial documents.
* Cash-out proceeds must be deposited into the borrower’s business bank account
* A minimum of 51% of the funds must be used for business expansion
* A cash-out letter of explanation (consult a Loan Officer for details) must detail fund usage, including remodel costs, inventory purchases, or expected economic benefits
Most Non-QM lenders offer business loans only for investment properties. However, this program allows primary residence owners to access home equity for business expansion.
* No need to provide tax returns, W2s, pay stubs, or financial statements
* Funds wired directly to your Business Bank Account
* Use funds freely for business growth without restrictions
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