#2106 write offs

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Yes! Stated Income Loan Programs & HELOC Option.

Yes! Stated Income Loan Programs & HELOC Option.

SISA (Stated Income/Stated Assets) LOAN PROGRAMS All Transaction Types

  60% to $1M. 50% to Unlimited**   O/O + N/O/O (Owner Occupied or Non-Owner Occupied)   SFR 1-4, Condos, PUDs (Warrantable Only-based on Freddie-Mac Guidelines)   County (ask PMC rep for list)   Income is not verified by any means   No Minimum Fico Required   Foreign National Borrower’s OK – Passport Only   Minimum 1 Year out of…

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Tips for a Successful Bank Statement Loan Approval - Self Employed and 2106 Write Offs

Tips for a Successful Bank Statement Loan Approval – Self Employed and 2106 Write Offs

Borrowers whose incomes are less documented have a more difficult time qualifying for a traditional home loan. Whether it is for a primary residence, a second home or an investment property, self-employed borrowers or those who write off 2106 unreimbursed expenses will be the most likely to benefit from the bank statement program. As its name would suggest, the concept is predicated on providing…

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