There are 32 million small business owners in the USA and we all know, most may not show all the income on their 1040s. US Mortgage Lenders does not need them we and can use bank statements and help you close a loan.
Top 12 reasons your borrowers might need a US Mortgage Lenders loan.
They don’t qualify for any of the agency loans, but they have a high desire to buy a home-
#12: Departing home with a PITI liability, and the borrower purchasing another home, we allow to use a Lease AGREEMENTS offset the departing home PITI.
#11: You’ve just purchased a rental in 2017, but cannot use the rent for Agency, since they need 2 yrs. of filed taxes to show rent. We just need the lease agreement to use it.
#10: The Other lenders pull a Transcript and it kills your deal, we don’t order them.
#9: A borrower is Asset Rich, but cash-flow poor, they need to use their assets as income.
#8: A borrower has more than 5/10 rental properties, and need to use just the lease agreements.
#7: The DTI is just a bit too high to meet Fannie/Freddie, and need up to 50% DTI on a High Balance/Jumbo loan.
#6: A borrower might have a private mortgage and Fannie/Freddie lenders don’t like to do manual underwrite.
#5: A borrower had a recent BK, foreclosure, short sale, and deed in Lieu, less than 2 years.
#4: A borrower had mortgage lates in the last 12 months.
#3: A borrower has a rental property, and they show a rental loss. We can just use the lease agreement as income.
#2: The borrower is Self-employed & income taxes don’t qualify for a mortgage with the agency.
The #1 reason a borrower might need a US Mortgage Lenders loan: You have an AUS Refer, Caution, or ineligible.
Some borrowers that do not fit the normal Agency loans, FHA, VA Conv….due to recent BK/Short-sale, foreclosure, but have equity in their home…they can use our NonQM to get the Cash-Out refinance. Or purchase loan using bank statements for self-employed borrower.
- US Mortgage Lenders Refi cash-out – using a US Mortgage lenders Mortgage lenders Mortgage Lenders loan for cashout when they don’t fit the Agency. cash out is allowed with us.
- US Mortgage Lenders bank statement program for self-employed. We will allow the Borrower to draft the P&L.
- Lender paid for US Mortgage Lenders loans, No QM Fails
- We also do Manual VA loans 100ltv, Seller credit to pay off borrowers debts allowed. 2 VA loans allowed for certain situations, I have closed these!
- 100ltv USDA in Texas: increased income limits to 109k in some county in TX. Cover carpeting, and appliance with the loan for purchase. We do Manual GUS.
- 80-90% of our loans closed in 20 days, because we are fast with less required conditionsOur UW manager for US Mortgage Lenders has been selling these loans to the NonQM investors for years; we know how to close these faster. I will even pre-underwrite the bank statement loan for you, come up with DTI and what the p&l should before the borrower puts an offer on a home to purchase. How can I help you?
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