Are you looking for an alternative to traditional income qualifications for a mortgage? You've found one of the best with US Mortgages! US Mortgages is one of the pioneers for alternative income mortgages. Learn more about options to qualify for a mortgage without having to provide tax returns/W2's or the traditional methods used by FNMA & FHLMC. The loans we offer, who is eligible and how to get started are as easy as clicking on the link below.
Stated income loans are no longer available to borrowers due to the change in lending laws. However there are options for those with strong assets and or cash flow to be able to qualify and obtain a mortgage to buy or refinance a property. Rather than requiring 2yrs of Federal Income Taxes and or W2s we offer a range of options that provide a solution as well as favorable rates to help those who are unable to meet qualifications in a traditional manner. Good credit, verifiable employment, verifiable assets and a variety of other qualifying factors could be your answer.
While income will not be verified, buyers must be prepared present their full credit history, and make a much more sizeable down payment. Many buyers though, particularly those who are self-employed, and/or have large reserves of cash on hand, find that the larger down payment is well worth not having to go through the complicated process of proving their income.
Let us know how to get in touch with you to assess your financial situation and see if you and your family qualify for an alternative income loan through US Mortgages.
It is easy to understand why alternative income mortgages have seen such a rise in popularity recently. With economic growth comes a wide range of potential borrowers with good, steady employment, but who may also have difficulty providing an exact figure for their monthly and annual incomes.
Alternative income loans are perfect for people who are self-employed, or for the entrepreneurial investor with cash on hand. For example, many people whose income comes primarily from real estate investment can be considered self-employed and may have trouble securing an additional mortgage because their debt to income ratio would prevent them from purchasing another investment property.
US Mortgages has been a creative and out of the box mortgage lender since 1996. Let us know how to reach out to you, or give us a call to let us begin improving your family's financial situation with an alternative income loan today.