Alternative Income Qualification Loans
Innovative financing solutions for self-employed and non-traditional income earners who don't qualify through traditional documentation. No tax returns required.
Why Alternative Income?
If you're self-employed, a business owner, or earn income in non-traditional ways, conventional underwriting often penalizes you. Tax write-offs that save you money with the IRS can reduce your qualifying income on paper. Our alternative income programs look at what actually flows through your accounts, giving you a fair shot at the loan you deserve.
How It Works
Instead of tax returns, we analyze 12-24 months of bank statements to calculate your effective income. For business owners, we can use P&L statements prepared by a CPA. For high-net-worth borrowers, we offer asset depletion methods that qualify based on liquid assets rather than employment income. Each method is designed to reflect your true financial picture.
Key Features
Bank Statement Loans
12 or 24 months of personal or business bank statements. We calculate average deposits to determine qualifying income.
P&L Only
A CPA-prepared profit and loss statement can serve as your income documentation. No tax returns required.
Asset Depletion
High-net-worth borrowers can qualify based on liquid assets, retirement accounts, investment portfolios, savings.
DSCR Loans
For investment properties, we qualify based on the property's rental income vs. debt payments. No personal income docs needed.
1099 Programs
Freelancers and contractors can use 1099 forms as income documentation. Simpler than full tax returns.
Fast Pre-Qualification
Complex scenarios don't have to mean slow timelines. We specialize in getting answers fast. Final approval subject to underwriting.
All loans are subject to credit approval. Not all applicants will qualify. Terms, conditions, interest rates, and programs are subject to change without notice. The information provided is for educational and informational purposes only and does not constitute a loan commitment or guarantee of any terms. Consult with a licensed loan officer for specific rate and term information applicable to your situation. NMLS #2653540. Equal Housing Lender.
Not sure which program fits?
Talk to a mortgage advisor about your specific situation. No obligation, no pressure.