Our Most Common Questions Answered

We like to share frequently asked questions and our answers knowing that many others might want the same information. Our volume of mortgage applications, especially those for non-traditional loans, are increasing for those wanting pre-approval. Plenty of homebuyers are closing quickly despite the challenges in the market and you can too!

Reach out for more details about these questions

Your path to a new home starts with a conversation!

 

I am self-employed and take allowed tax deductions. How do I qualify for a home loan? 
We get this one a lot! We have many options for self-employed homebuyers and when a traditional loan won’t work our Bank Statement product is typically the solution. Bank Statement loans do not qualify using tax returns. Instead we calculate income using 12 or 24 months business or personal accounts.

I was turned down for a Prime Jumbo loan. My Realtor said you have another loan option. Can you please let me know if I am eligible?
We have a non-QM Platinum Jumbo loan for those who just miss Prime. It is becoming more common these days to miss Prime qualifications. Call us first and find out from the start which Jumbo option you qualify to use. Not all lenders have options outside of Prime Jumbo.

Can I get a home loan if I am less than seven years out of a foreclosure?
We get this one a lot too – from those out of foreclosure, bankruptcy or short sale. The answer is yes! We have several loan options for homebuyers who are just ONE year out of foreclosure, short sale or deed-in-lieu and those TWO years out of bankruptcy.