Alt Income/Stated Income

Alternative Income Home Loans
No Tax Returns - No K1's - No 1099

10% Minimum Down Payment Primary and 2nd Homes 
 20% Minimum Down Payment For Investment Property  


Product Highlights

  • Self Employed borrowers can qualify with gross bank deposits using 24 Months business or 12 months personal bank statements.  "Stated Income" available for Investment properties only. 

  • Must be self-employed for at least 24 months for bank statement qualifier.

  • We can combine income from a w-2 borrower with a Self-Employed co-borrower.

  • Minimum Loan Amount $250,000

  • Maximum Loan Amount- $3,000,000 

  • 600 Minimum MID FICO score required

  • Purchase or Refinance or Cash Out Refinance with up to $500,000 cash out.

  • Primary Residence - Investment - 2nd/Vacation Home all O.K.

  • No Manufactured or Mobile Homes or Commercial Property

  • New Builder Homes OK but no "construction loans" available.

  • Available in 30 Year Fixed Rate and 5/1 ARM products.

  • Interest Only options available.

  • No Pre-Payment Penalties and No PMI for primary and 2nd homes including 90% LTV.

  • 10% down payment requires 660 MID FICO score

  • 15% down payment or greater requires 600 MID FICO score.

  • Special Product options for "lease option to purchase" transactions.  See below for more details

* For questions or a personal Rate Quote please use the contact form below, call me at (303) 482-5983 or email me with your scenario details @


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 (24 months) or personal (12 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.  

Alt Income and Non Prime Loans available in  AL, AZ, AR, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MT, MI, NE, NH, NJ, NM, NV, NC, OK, OH, OR, PA, RI, SC, TN, TX, UT, VT, VI, WA, WI. WY  (updated 12/8 /2017)

For questions or a personal Rate Quote please use the contact form below, call me at (303) 482-5983 or email me with your scenario details at

I'm available 7 days a week to help you find the best loan option for your scenario.

John Peisner
Mortgage Banking

(303) 482-5983
NMLS #239185

Bank Of England Mortgage
5600 S. Quebec Street #225D
Greenwood Village, CO 80111

Please use the contact form below to share as much about your loan scenario as you would like. This will enable me to provide a timely written quote with loan terms, rates, lender fees and estimated monthly payments.  The more details you can provide the quicker and more accurately I can respond.  I'm usually available 7 days a week via phone or email for your convenience.  Please let me know how we can help!

Please use format xxx-xxx-xxxx for the phone number feild below.  Thank you!

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