If you are self-employed or freelance, the mortgage application process may look different than it does for those with a traditional employer.
Assured Capital Funding offers a variety of loan options for self-employed homebuyers.
With Assured Capital Funding’s Bank Statement Program, homebuyers can purchase or refinance a home without providing tax returns and extensive documentation.
- 12- or 24-month bank statement options available
- As low as 10% down payment required,* call for details
- FICO as low as 640
- DTI up to 49.99% allowed
- Fixed- and adjustable-rate mortgage (ARM) options available
- Includes a 1099 income option
- Available for loan amounts up to $3 million, call for details
- Interest-only feature may be available for the first 10 years of the loan,** call for details
- Allowed on primary residence and second homes
- Non-warrantable condos and condotels allowed, call for details
We also offer an Investor Cashflow Program – or debt service coverage ratio (DSCR) loans.
Waterstone Mortgage’s DSCR loan program allows real estate investors to qualify for a loan using only the debt service coverage ratio – no tax returns or pay stubs required. This program is available exclusively for the purchase of an investment property.
- Qualification is based on debt service coverage ratio (gross rent divided by monthly mortgage payment)
- As low as .750 DSCR permitted
- Up to 80% financing available
- Loan amounts as high as $2 million
- FICO scores as low as 640
- Fixed- and adjustable-rate mortgage (ARM) options available
- Interest-only option available
We also offer great programs like the Home Possible® loan program which provides responsible financing options for qualified low- and moderate-income borrowers. In addition, we offer the HomeReady® Loan Program which is great for homebuyers with multi-generational households and those who would like to their rental income to be considered in the qualification process.
By offering more options, our mortgage loan professionals are able to help more homebuyers achieve their homebuying goals.
*Maximum financing may be limited in some declining markets — ask your loan originator for more information. **The interest-only feature allows homebuyers to make minimum interest payments for a set period of time. When the interest-only period end, the monthly payment is recalculated to include full principal and interest payments for the remaining loan term. With adjustable-rate mortgages (ARM), the interest rate is variable and may increase or decrease after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment. Geographical variations may apply. Specific information about loan adjustment period available at application.
contact a local mortgage expert in your area to learn more and get pre-approved
contact a local mortgage expert in your area to learn more and get pre-approved
