Loan Pre-Approval ApplicationOur Loan Pre-Approval Application is for those borrowers who would like to be pre-approved with a qualifying amount,rate and down payment that collectively meets with your expectations and budget before making a full commitment to move forward. When submitted, one of our professional loan specialist assigned to your account will simply review your credit history, years tax returns and/or bank statements depending on loan type. Once you are pre-approved and agree with the terms. We will issue you signed pre-approval letter and initiate the final underwriting approval process.
For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 Wage Earners
Why a Bank Statement Loan? With over 14 programs our Bank Statement Loan programs are rapidly becoming the loan of choice For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 wage earners who have cash flow and payment history, but show a reduced taxable income as a result of high deductions
“We offer programs with 1 day out of a recent mortgage events like Bankruptcy, Foreclosure and Short Sale”
Changing tax status from W-2 to 1099 self-employed There generally is a 12 month waiting period after you change your tax status from wage earner (W-2) to independent Contractor (1099) or New Business owner. However, there are exceptions in lowering the waiting period which is considered on a case by case basis
We offer over 48 Loan Programs - When banks say NO - We say YES !