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LIMITED DOC – SE? USE P and L’s to Qualify for Home Loan
NEW! LIMITED DOC LOAN PRODUCT
Today, Real Estate Loans for Self Employed Borrowers can be tricky.
Dan Cassel and his Loan Team from Trinity Mortgage in San Diego have focused on solving these issues since 2009. We are able to offer “Custom” Loan Options and Lite Doc Solutions for Cash Out or the Self-Employed Borrowers that are rarely offered by local “Full Service” Banks.
One of our Purchase or Refinance Mortgage Loan Products is for Self Employed Borrowers who are Purchasing or Refinancing residential real estate in California and who want a “Lite Doc” loan to qualify but prefer not to use Bank Statements or Full Docs.
We use the Borrower’s Income via a “Self-Prepared Profit and Loss (P&L) Statement” or an “Asset-Based Qualification” (based on assets and credit – not asset depletion).
To Learn more on this product and other Lending solutions, give Dan Cassel a shout directly at 866-310-1112.
Or Email DanC@dansrealestateloans.com
A few other Notes on this product:
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100% gift funds for down payment and closing for all occupancy types
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WVOE for wage earner
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Loan to 2 Million
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P&L can be borrower self-prepared with no additional bank statements
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Asset-Based income (income based on assets and credit, not asset depletion)
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6-month seasoning for cash-out
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Unlimited cash-out up to max. LTV to be reviewed.
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Appraisal Transfers accepted
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No 4506
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Up to 50% DTI
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FICOs from 660
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7/6 SOFR ARM
