Methods to Qualify for No Tax Return Loans
Business / Personal Bank Statements
Rather than requesting income tax returns, we qualify the borrower(s) by analyzing their cash flow and using their total deposits as income. Income is calculated by averaging the monthly deposits. We provide 5-year, 7-year, and 30- year fixed options with as little as 10% down.
Profit & Loss Statement
Rather than calculating annual deposits as income, we qualify the borrower(s) by using a CPA prepared profit and loss statement and or a borrower prepared profit and loss statement only.
1099 Only Income
This unique “In House” loan program allows a borrower(s) to qualify by using 1099 income only. No tax returns and or profit and loss statement needed to maximize gross annual income.
This program is ideal for those who have tremendous savings in which we use an “In House” algorithm to calculate a monthly income to qualify. No deposits and or profit and loss statements required.
Investment Properties – No Income Needed
Purchasing or refinancing an investment property has never been so streamline. In order to qualify for an investment / no income documentation loan, we use the rental income from the property to qualify for the loan. However, if the rental income does not exceed the monthly payment, we are still able to qualify the property on a “no ratio” loan program.