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Mortgage Options

Owner Occupied

Owner Occupied

Owner Occupied

 ► If borrower has post-closing liquid assets greater than the loan amount the automatically qualify (minimum 25% down, more required with  poorer credit).  Can use 50% of 401k/IRA balances. This is a great  program for a borrower that would otherwise have to pay capital gains  tax and/or IRS penalties to liquidate funds to close.  

Owner Occupied

Owner Occupied

Owner Occupied

 ► If borrower has high debt to income but substantial post-closing  reserves we can use a portion of the assets to supplement income/ability  to pay mortgage. 

Owner Occupied

Owner Occupied

Owner Occupied

 ► Use bank statements combined with a borrower prepared Profit & Loss Statement to document income for self-employed with no tax returns, as low as 10% down with 24 months statements with credit scores 620 plus. Loan amounts up to $3,000,000

Owner Occupied

Owner Occupied

Owner Occupied

 ► If one borrower earns 55% of the qualifying income may use their   credit score only to qualify - minimum 5% down payment  

Owner Occupied

Owner Occupied

Owner Occupied

 ► If selling one property to buy another may qualify for the new  property WITHOUT selling or renting the old home or counting the mortgage payment  as long as there's 25% equity and it's listed for sale.

(minimum 20% down on purchase) 

Owner Occupied

Owner Occupied

Owner Occupied

 ► Mortgage financing for borrowers with only 1 year history of a 2nd job, overtime, bonus or self-employment.  Will also consider newly  self-employed if transitioning from similar work as an employee.  One Year self-employed and one year filing tax returns.

More Options

Condominium Options

Condominium Options

Condominium Options

 ►  Condo Option One  Maximum 20% owned by a single individual/entity subject to below:

#1:  Units owned by the sponsor/developer that are vacant and actively marketed for sale do not count  The requirement may be waived entirely IF:  a. one entity/person doesn't own more than 49% of the units AND  b. There is evidence that the entity owning 20-49% of the units is marketing the units with the goal of reducing its ownership to less than 20% AND  c. The single entity is current on HOA dues AND  d. There are no pending or active special assessments 

Condo Option Two  Maximum 25% owned by any one individual/entity  Requirement may be waived if they are vacant units being actively marketed by the developer. 

Condo Option Three Program:  Max LTV of 80% - no limitation on how many units one entity may own.
 

Owner Occupied

Condominium Options

Condominium Options

 ► Instead of carry alimony or child support as debt. Underwriting will subtract from income thus qualify customer for more which may make the difference in making the sale. 

Non-Owner Occupied

Condominium Options

Non-Owner Occupied

 ► Qualify on the subject cash flow only (no employment needed) as long  as the rent exceeds PITI by $1, they qualify 

Non-Owner Occupied

Non-Owner Occupied

Non-Owner Occupied

 ► Property does NOT need a current lease - can use appraiser's market  rent estimate  

Non-Owner Occupied

Non-Owner Occupied

Non-Owner Occupied

  ► Can be titled to an LLC 

Exceptions

Non-Owner Occupied

Non-Owner Occupied

 ► Please keep in mind that this is only a sampling.  The bottom line is  that if a borrower has the ability to repay and equity in the  property/purchase there are a LOT of options and we will review each  situation to figure out the best one for the borrower - whether that's  conventional or 

non-traditional! 

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  • Options To Get Approved

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