Securing a mortgage can pose challenges for self-employed individuals. Their diverse income sources or multiple companies often result in complex tax returns.
Explore flexible mortgage options tailored for self-employed individuals through alternative income documentation. Our program includes options for 4-month and 12-month business bank statements, allowing you to qualify based on real cash flow. Underwriter discretion applies to expense factor percentages, assessed per unique business profile, providing a custom approach to your mortgage needs.
Our Non-QM mortgage loan program is designed for self-employed borrowers or those with complex income streams. Utilizing alternative documentation like bank statements, this loan provides financing options outside traditional requirements, ensuring a smooth, flexible path to homeownership through a trusted Non-QM mortgage lender.
Last Update: 11/05/2024 Bank Statement Business Description for Bank Statements + 1099 Only Programs 12 or 24 Most Recent Consecutive Monthly Bank Statements. Must verify
1099 Only Super Jumbo Loan Program – $7,500,000 1099 mortgage loan programs accommodate Sole proprietors, Independent Contractors, and Freelance Professionals. Non-Occupying Co-Borrowers OK. On a
One-Year Lite Income Documentation | W2 Wage Earner Co-Borrower OK 620 Minimum Middle Credit Score – 75% LTV * Purpose: Purchase / Rate & Term
Non-QM mortgage loan programs offer an alternative to traditional mortgage loans, catering to borrowers who may not meet the stringent criteria of conventional loans. These
Bank Statement Program Business Descriptions and Information One thing that you should know about qualifying or getting pre-qualified for a bank statement loan is the
Multi Unit Property Loans – Guidelines and Highlights. Below you will see some of our “Multi Unit” loan programs for both Owner-Occupied and Non Owner-Occupied borrowers.
Please call Customer Service @ 800-718-8906 to speak with a Mortgage Expert or fill out a Pre Qualification form.
We offer diverse No Doc mortgage loan programs, each tailored with unique guidelines, matrices, specialties, and strengths. Being denied by a Loan Officer doesn’t necessarily mean ineligibility; it might stem from inadequate assessment or pre-qualification. Self-employed individuals and Real Estate Investors often require specialized attention, which our skilled loan officers provide. Discover your eligibility beforehand to streamline your application process without an initial credit check. Here’s where you can access details about No Doc loan programs and lenders.
One-year alternative income as well as employment verification (VOE) documentation. “Lite Doc” loan programs fit self-employed borrowers. Lite Doc and Reduced Doc programs are also available to W2 Wage Earner income for both the Primary Borrower and Co-borrower (salary, hourly wage, overtime, commission, bonus, tips).
Aggressive asset depletion programs that can be utilized with other income. Explore a range of contemporary asset-based financing choices available in 2024 for your new home loan needs. Asset Depletion Lenders provide loan programs leveraging liquid assets and, in some cases, real estate equity, tailored to your credit profile. Asset Depletion enables borrowers to qualify for their preferred mortgage, offering customized terms and approval conditions to suit individual requirements and preferences, potentially resulting in more attractive pricing.
Self-Employed Borrowers Bank Statement Program Business Descriptions and Information One thing that you should know about qualifying or getting pre-qualified for a bank statement loan
Self Employed Borrowers and Verification of Employment Mortgage Service for self-employed borrowers. Being self-employed can make getting a mortgage can be difficult. Self-Employed borrowers sometimes
Prime and Non-Prime Bank Statement Options – Self-Employed Borrowers Portfolio Direct Lender is a direct lender with their own portfolio of loan products and programs,
Non-QM Alt Doc Bank Statement Loans to $10,000,000 Now you can use your 1099(s) to qualify as additional income/”ability to repay” (ATR) Non-QM loans are
Bank Statement Loan Self-Employed Business Questionnaire Every lender’s required criteria can differ slightly. Sometimes there’s a sweet spot to be had as it coincides with
Self-Employed Questionnaire Business information required to properly analyze bank statements Business Type: (product or service or both) If Other, please describe here: Provide details of how
Non-QM Mortgage Broker | Self-Employed Home Loans Alternative Bank Statement Income Bank statement lenders apply varying underwriting guidelines for expense percentage ratios, also referred to
..excerpt from edit page of Bank Statement Mortgage Documentation
There are roughly 17,000,000 self-employed borrowers in the United States. That is over 35% of Americans that are self-employed. We have seen an increase of
One year employment and one year income. Reduced Doc mortgages are for people with less than two years employment history and can be self-employed, W2 wage earner, 1099(s), or any combination thereof. What this means to you is you only need to provide one year of employment verification documentation instead of the standard two-year history requirement.
We offer a wide variety of Bank Statement loan programs with expanded underwriter guidelines from the best Non-QM lenders in California from the leading Investors. Non-QM lender are changing the how self-employed borrowers qualify for their mortgage credit.
We have a broker/wholesale lender network with all the top Non-QM Lenders in the United States. As a broker, Non-QM mortgages is our expertise. Contact us for your next Non-QM purchase or refinance loan.
Non-Prime Alt Doc Self-Employed Program Non-Prime mortgages are not only for challenged credit borrowers, but also good and excellent credit borrowers that require a higher
1099 Only loan programs are for Sole Proprietors. Independent Contractors can utilize one or multiple 1099’s for the previous 1 or 2 years. “Reduced Doc” – 1-year history. “Lite Doc” – 2-year history, instead of the standard 2 years full business and personal tax returns, P&L statements, etc. Also, please note: No Form 4506-C (formerly Form 4506-T).
Stated Income and SIVA Options: Stated income loans cater to self-employed individuals or investors with or without liquid reserve requirements who prefer simplified income verification. The Stated Income/Verified Assets (SIVA) option is available for borrowers who can verify their assets but not their income, offering a balance between flexibility and qualification requirements.
For borrowers seeking minimal documentation, the Stated Income/Stated Assets (SISA) option provides an easy and opportun loan approval, focusing on stated financial details rather than extensive verification. This makes it a practical choice for self-employed borrowers and investors with unconventional income revenue streams.