SELF EMPLOYED? WE’VE GOT YOU COVERED.
We offer home loan programs designed for self employed borrowers including our highly popular Bank Statement Loan product which does NOT require tax returns or 4506-Ts!!!!
Bank statement mortgage qualification can be used with many of our innovative lending solutions to help self employed borrowers who may experience fluctuations in pay or write off expenses.
With our Excelerate Express program borrowers may seek approval using Profit & Loss statements prepared by third party licensed CPAs.
Give us a call today to see which solution is right for you!
BANK STATEMENT LOANS
12 or 24 months bank statements with 2 months of business statements.
3 months of bank statements with CPA prepared P&L eligible for our lowest 24 month bank statement pricing
Loan amounts up to $5M
greater or equal to 50% of deposits
CPA P&L or expense factor letter showing evidence of business expense factors. Must be typical for business.
EXCELERATE EXPRESS P&L
Designed to examine a borrower’s complete income circumstance. Accommodates borrowers with non-traditional income documentation by using strong compensating factors such as long term credit, proven long mortgage history, and high equity in their home.
For Freelance or Self Employed Borrowers:
680 Min FICO
75% Matx LTV
CPA prepared and signed 12 month P&L
Min 25% company ownership
MAX LOAN LIMIT
maximum loan amount
Most types of residential properties are eligible including non-warrantable condos, 2-4 unit homes, and 2nd homes.
Seasoning includes up to 36 months from BK, housing event, or dergatory payment.
No housing history required options
First time buyers, investors, foreign nationals, and non-occupying co-borrowers welcome for most products
Gift fund, gift-of-equity and seller carry backs accepted with most products
Zero reserve program options for some programs