Borrower came across a wonderful investment opportunity but did not have the income to qualify for another property. By using a Debt-Service-Coverage-Ratio (DSCR) program we were able to use the market rent of the property as the only necessary qualifying income. Within a month our...
Borrowers have owned a successful business for over 25 years and own a multimillion-dollar home with a jumbo loan that needed to be refinanced. Because they do not claim a large amount of income, they did not qualify under full documentation underwriting. By providing 3...
Borrowers with limited income on paper, but an abundance of assets wanted to purchase a new home. Because of a slight credit blip, we had to move through two transactions to achieve the clients’ low-rate goal. On both loans we applied asset depletion (the lender...
Clients were tired of renting but, with little saved for a down-payment, they didn’t see how that was going to change. With our First-Time Homebuyer low down-payment program, we were able to help them realize their goal of homeownership....