Stated Income Loan Applications are Easier Than You Think
When you realize a traditional mortgage isn’t the right fit for you, considering non-QM loans can be daunting. If you’re not familiar with them, it may seem overwhelming, but it doesn’t need to be. Actually, applying for a stated income loan is...
DTI for Stated Income Loans
We understand that the application process for a stated income loan can be complicated at first, especially if you’re more familiar with the conventional loan application process. If you want to learn more about the application process, we’re always...
Can I Use a Stated Income Loan for a Multi-Family Property?
There is a rise in the desirability among real estate investors searching for the perfect multi-family property in Southern California. Real estate remains one of the best investments you can make, even as interest rates and prices increase. Housing is one commodity...
Can I Use Gift Funds for a Stated Income Loan?
Are you interested in the process of getting approved for a stated income loan? These non-QM loans are particularly helpful for some of our clients who don’t have the typical income streams but are ready to invest in a primary residence, a second home, or an...
Applying for a Mortgage without a 5406-C IVES
Applying for a mortgage can be a relatively simple process if you’re a borrower with traditional income sources, but if you’re not the process can actually be a bit daunting. If you’re finding yourself overwhelmed, we’re here to help. We have...
How to Determine Stated Income as a Self Employed Borrower
If you own your own business or are a wage earner through gig work or another self-employment venture, we know that applying for a mortgage can be daunting. The bad news is, many lenders won’t qualify you for a traditional loan because you won’t be able to...
Comparing Non-QM and Traditional Mortgages
There are many different types of mortgages, including non-QM mortgages. One of the most complicated parts of the home buying process is determining what type of mortgage is the right fit for you. Choosing the terms that work for your needs, and then making sure you...
No Doc Loan Programs
Finding a mortgage without traditional income can be a challenge. Many loan programs are designed in a way that doesn’t work for business owners or self-employed borrowers, who don’t have the traditional documents that are required. If this sounds like...
How to Optimize Your DTI Before Applying for a Mortgage
As you begin your journey toward homeownership or buying a new home, one of the factors that is most crucial for your success is your DTI. Understanding and optimizing your Debt-to-Income Ratio (DTI) is a key step in securing the mortgage terms you want. Lenders use...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.