Realtors: Don't Give Up on That Buyer Just Yet
Realtors: A Buyer Who Doesn't Qualify Conventionally May Still Have Options.
Sometimes the challenge isn't a buyer's financial strength. It's how their income is documented.
Self-employed buyers, business owners, 1099 earners, borrowers with substantial assets, and eligible ITIN borrowers may have access to alternative mortgage programs.
Depending on the borrower's situation, available options may include:
• Bank statement loans
• 1099 and profit-and-loss programs
• Asset utilization
• ITIN mortgage programs
• Interest-only payment options
And for investors, DSCR loans may offer financing based on eligible rental-property income.
Before assuming a buyer can't move forward, let's explore whether another financing approach may work.
I value the essential role realtors play in helping buyers find and purchase the right property. Working together, we may be able to identify solutions that traditional financing doesn't provide.
For more information, Click Here
Rob Clark | Home Loan Consultant
Firestone Financial Group
Phone: 209-227-7745 | 559-476-9279
Email: rbrtclark53@gmail.com
Website: www.RobertClarkLoans.com
NMLS #357788 | Company NMLS #301522
CA DRE #01148307 | Equal Housing Lender
All loan programs are subject to borrower qualification, credit approval, property eligibility, and lender guidelines. Interest-only financing may result in higher payments after the interest-only period.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.