As a self employed borrower, it can be difficult qualifying for a mortgage loan. Unlike conventional and government loan guidelines, Residential Mortgage is pleased to offer several alternative programs for borrowers that can’t prove their income with Federal Income Tax Returns. Borrowers that show good cash flow through their business and /or personal bank statements can now qualify for a refinance or a purchase loan using just the average monthly deposits for the last 24 months. These programs can be used for Owner Occupied, investment properties and even 2nd homes…. tax returns are never required. Additionally, we recognize that after the mortgage crisis of 2007, many borrowers were effected by a housing event; thereby, keeping them from experiencing the American Dream once again…..we have your back here too ! Residential Mortgage Solutions has a specific program for borrowers that have experienced a short sale, foreclosure, deed in lieu of foreclosure or a recent bankruptcy. Conventional and Government guidelines have a waiting period anywhere from 2 to 4 years depending on housing circumstance, our program has no waiting period whatsoever. Yes…. within 1 day after any of these unfortunate circumstances, you can qualify for a new purchase or refinance. Stop waiting to buy or refinance. Give us a call today and let us find the right loan program for you !
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