Diverse Financing Solutions
Some clients have unique financial situations that don’t always fit traditional lending guidelines. That’s why diverse mortgage financing options are essential.
Diverse loan options help self-employed borrowers who write off expenses and can’t document income through tax returns. These flexible programs expand access to homeownership and investment opportunities by meeting clients where they are financially.
1
BANK STATEMENT LOAN
Clients that are self-employed not claiming a sufficient amount of income on their tax returns or haven't filed their recent taxes can qualify under this program. With this loan option, self-employed clients qualify based on the income deposits reflected within either their personal and/or business bank account. Simply provide either 12mths or 24mths bank statements and your qualifying income is calculated based on those statements with no tax returns needed.
2
DSCR (DEBT SERVICE COVERAGE RATIO) LOAN
Allows real estate investors (including 1st time investors) to qualify based on a property’s rental income rather than personal income. As long as the property's rental income covers the mortgage payment, LOAN APPROVED! No income documents needed. This program typically requires a min of 10-15% down depending on FICO score. Have an investment property already? This program also allows for investment refinances!
3
1099 LOAN
Designed for Independent contractors, Freelances, gig-economy workers & commission based professionals. This loan options allows clients to qualify using 1099 forms instead of W-2s or full tax returns.
