Can you get a 1st or 2nd Mortgage Loan without tax returns?

If you are a Self-Employed Borrower looking to Buy or Refinance Real Estate in California and show significant tax write-offs, you may have been told you don’t qualify for the mortgage you seek, because it is extremely common for business owners to take advantage of the write-offs available to them and lower taxable income.

The only problem with that lower taxable income is when it’s time to get a traditional Real Estate Mortgage, their debt-to-income ratio “on paper” looks too high. The Income too low…

Has that happened to you before? If so, Dan Cassel and his Trinity Mortgage Loan team in San Diego Ca. can offer to get you a 1st and/or a 2nd Mortgage Loan on your California Real Estate, Without Tax Returns. (OAC).

Yes, there are several Mortgage Loan Programs that we can offer without Federal Tax Returns, if you are Self-Employed and have good credit.

*One Solution would be to get a California Bank Statement Mortgage using 12 or 24 months of Bank Statements. We provide these loans quite often. They are priced higher in Interest Rate than a Full Documentation loan for a Self Employed Borrower, and are classified as Non-qualified Mortgages or Non-QM Loans . These loans offer amazing solutions to qualified Borrowers with Lots of equity, say under 60% Loan to value which makes the terms more favorable. These loans generally require at least a 680 + credit score and have higher loan amounts than a conventional loan. With us we can go to $3 Million Dollars or more. Cash out is Fine.

Owner Occupied, Second Home and Non-Owner Loans are available as well. Interest only too in California! To run a Quick Loan Scenario by Dan Cassel click HERE.

A Bank Statement Loan Qualification is a Mortgage Approval process that allows Self-Employed Borrowers to have income calculated based on Bank deposits over a period of time. With this type of loan, tax returns are excluded from the equation. It is a bit more complicated to navigate thru underwriting and many banks do not offer these solutions or have expense factors subtracted form deposits. We understand these loan details and are here to help navigate this process.

Here are 3 Bank Statement Solutions we can use for Loan Documentation Qualification and Funding..

Personal Bank Statements
Business Bank Statements
Asset Statements-Qualifier Loan

Income will be calculated based on 12-24 months deposits, minus any non-business-related deposits.

You generally must be Self Employed for 2 years, but there are solutions if you have not been or also have W2 income. Tell us more!

For a Free Loan Analysis Click HERE.

Or phone Dan Cassel direct at 866-310-1112 to learn more!