Problem-You are Self Employed (1099 employee) and Write Off a lot of business Income on your Tax Returns but want to purchase or refinance a home? Solution, a Program that uses your Business or Personal Bank Statements for income qualifications.
Program Overview
- Loan Amounts to $10M
- Self Employed, no W2 or Tax Returns Required
- Great for business owners with write offs
- 12 and 24 month options (business bank statements ok on 12/24 months)
- LTV’s to 90% with no MI
- Interest Only Options (30 & 40 Options)
- ARM’s and FIX rates Available
- W2 or Retired Co-Borrower allowed (blended income). Also, Asset Depletion
- Non Warrantable condo’s
- Credit scores down to 600
- Owner Occ, 2nd Home and NOO
- Borrowers with up to 20 financed properties
- SFR, Condo, 2-4 Unit and Non-Warrantable Condo
- One Appraisal Up to $1.5M