Non-Traditional Income

Great.

You'd be surprised how many people don't qualify using traditional income.

○ Bank Statements - We can use the monthly deposits into your personal and/or businses bank statements as your qualiying monthly income.  Typically if you deposit $10,000 per month, we would use 50% of that to give you a monthly qualifying income of $5,000 per month.  This is just one method we use.

○ Rental Income (DSCR) - Debt-Service Coverage Ratio, this means we will use what the appraiser determines to be the monthly market rent for the property and as long as it is equal to or greater than your monthly mortgage payment, you don't have to show us any income on your tax returns or W2's or paystubs because we don't need them!

○ Assets - If you've got alot of money tied up in investment, retirement, stock or other portfolio accounts, we have a method to derive a monthly income from those accounts without having to have you liquidate them.

○ Profit & Loss Only - This is where it gets really creative!  Typically if you have 30% or more down payment, we'll work with your CPA to produce a P&L statement that will give you your qualifying monthly income

○ Not Sure

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