This may be a good fit if...
- You are self-employed or own a business.
- Your bank deposits better reflect your income than traditional tax return income.
- You want to explore alternative income documentation options.
Who it may not be ideal for
- You are a W-2 borrower with straightforward income documentation.
- Your bank deposits are inconsistent or difficult to document.
- A conventional, FHA, VA, or jumbo loan offers better terms for your profile.
Common documentation needed
- Government-issued photo ID
- Personal or business bank statements
- Business license, CPA letter, or proof of self-employment when applicable
- Bank statements and asset documentation for funds to close
- Purchase contract or current mortgage statement if applicable
Important disclaimer
Loan approvals are subject to credit approval, underwriting guidelines, property approval, and program requirements. Not all applicants will qualify.