Have you been turned down by your bank because you own your own business? Did they tell you that you do not make enough income on paper?
We have solutions!
We offer a number of products that allow us to either state your income (within reason), allow add backs, allow us to bonus up your income or even use a 2 year average of your income. Most of these products also offer the best rates and terms. The guidelines have tightened up in the last 5 years but we still have solutions and we can walk you through the process.
If we are stating your income then we will require a minimum of 10% down payment from your own resources. If you can’t save the 10% we do have one insurer that will allow 5% of the down payment to be gifted from an immediate family member.
If you are a business owner and your income qualifies with provable income then you can purchase with as little as 5% down.
As long as you have good credit, own your own business, and have a down payment then we can help you purchase your new home. If you are looking to refinance then we access up to 80% of the equity within your home.
Give us a call and we can sit down, discuss your options and help you through the process to let you know what amount you are qualified for.