03/16/2022
What do you do when your Self-Employed borrower has a hard time qualifying for a loan using their business tax returns? Well, you ask them if they have money flowing into their bank account 😎 If so, then we might be able to get them qualified using 12 months of bank statements as their income. Also, if their down payment is more then 10% NO Mortgage Insurance will be needed. Typically, lenders will require mortgage insurance with less then 20% down but for this program the borrower catches a lucky break.
Send you clients over for a quick review and a fast close if everything looks good!
Let’s get it closed!!!
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