We say "YES" to Self Employed Borrowers and "NO" to Tax Returns!
We offer the most comprehensive Alternative Income Options for the self employed borrower Bank Statement Mortgages qualify the self employed & 1099 borrower with gross revenue.
No tax returns, No K-1's and no 1099's required!
The Perfect Mortgage for Business Owners, Self Employed And 1099 Borrowers!
Product Update 07.24.2020 Minimum Down Payment is Now 15% and Minimum FICO Score is 660+ - No exceptions.
Minimum Loan Amount $250,000
15% Down Payment To $1,500,000 With 680+ MID FICO
20% Down Payment to $1,500,000 With 680+ MID FICO
25% Down Payment to $1,500,000 With 660+ MID FICO
30% Down Payment to $3,000,000 With 740+ MID FICO
Cash Out Refinance & Interest Only Mortgage Now Available For Primary & Investment! No Income Doc and No Employment Doc Now Available For Investment Property!
12 and 24 Month Bank Statement Mortgage options available
1 Year Profit and Loss Statement Qualifier
Business Or Personal Bank Statements OK
Available In All States (Maryland & NY Pending)
Asset Depletion Qualifier
Other/Co Borrower W-2 Income Allowed
We Offer The Most Diverse And Creative Mortgage Solutions For The Self Employed Borrower! Purchase - Refinance - Cash Out Refinance For All Self Employed Mortgage Products
Primary - Vacation Home - Investment Property Allowed
Single Family, Condo and 2-4 Units Allowed
No Commercial, Mixed Use or Vacant Land
Minimum 660 FICO Score on Alt Income Products
$250,000 to $3,000,000+ Loan Amounts ONLY.
Minimum FICO Score is 660 Not All Options Available In All States -Call for the latest updates!
If you are searching for personalized, professional and experienced help with alternative income loans then you have found your team. Unlike most of our competition, we specialize in providing proven solutions to the self employed borrower. We (John Peisner and Team) are dedicated to helping entrepreneurial's navigate outside the traditional mortgage "box". The common obstacle for the self employed is that after utilizing legal tax deductions the self employed borrower is left with a low AGI (adjusted gross income) and no longer qualifies for a traditional mortgage. However, we can qualify you off your bank deposits from gross business revenue (primary residence) or use true "stated income/no income" (investment property) and we simply wont need or want tax returns, 1099's or K-1's.
Interest Rates For Self Employed Mortgages-
We believe we can offer our borrowers the most competitive rate quote for self employed loans for two very important reasons.
1. We have the experience and knowledge to identify the right loan product to match each borrowers unique scenario.
2. We can offer you our proprietary self employed mortgage products AND we are approved to directly offer you WHOLESALE RATES from other banking leaders of self employed mortgages. With the power of Domestic FDIC Banking and a team of self employed mortgage specialists, you can count on finding the best terms for your loan scenario.
How it works -
In lieu of tax returns, k-1's, or 1099's the self-employed borrower can qualify with business earnings deposited into a business (12 or 24 months) or personal (12 or 24 months) bank account. These deposits will become the base qualifying income in lieu of traditional income documentation. Seasonal fluctuations to earnings that are normal to a given business are expected and allowed. For Lease Option to Purchase transactions executed >12 months ago I can use the CURRENT appraised value. This means any appreciation in value between sales price and appraised value is passed to the buyer as equity or down payment and thus minimizing out of pockets costs.
Please take advantage of our collective expertise in this niche and share your scenario details with us. I have one of the industries most expansive product menus and most experienced and knowledgeable staff ready to provide you a quote with ultra competitive rates. BOE Mortgage Colorado is the nations trusted lender for the self employed borrower. We are physically located in Colorado but as a FDIC regulated bank we are able to serve borrowers nationwide with prompt, professional and efficient funding from our home branch.
$250,000 is the lowest loan amount offered and $3.0 Million and above is the highest loan amount offered on this product type as of July 24th 2020.
For questions or a personal Rate Quote please use the contact form below, call us at
(877) 393-6207 or email me with your scenario details at Jpeisner@boemortgage.com.
Myself and my team are often available 7 days a week. Please call or email and if we don't pick up we will reply to your inquiry with same day service.( John Peisner, Tommy Frangella, Christy Ault or Karl Wenzel)
Offered for loan amounts $250,000 to $3 Million Only.
Receive your Quick Rate Quote by using the contact form below. Please share as much about your loan scenario as you would like. This will enable us to provide a timely written quote with loan terms, rates, lender fees and estimated monthly payments. To receive a rate quote for your scenario you can call, email or complete the contact form below.We respond to all inquires 7 days a week and we are usually available 7 days a week via both phone or email for your convenience. Please let us know how we can help!
Please use format xxx-xxx-xxxx for the phone number field below. Thank you!
We are not able to accept FICO scores below 660 for this product. Loan amounts $250,000 and above only.