Apply Now
Secure Doc Upload
ENG Lending Logo

John Peisner
Mortgage Banker
NMLS # 239185

(877) 393-6207

5445 DTC Parkway | Suite 1200, Greenwood Village, Colorado 80111


A 10% down payment up to $1,400,000 purchase price is now available in 38 states and 10% down to $1,000,000 purchase is available in 47 states.  Good credit is going to be a lender requirement.  Borrowers can expect to need a minimum FICO of 700-740 to be eligible for 10% down programs.  These programs do NOT require PMI which helps keep the payment lower for a high end purchase. Debt to Income Ratio's will be limited to a maximum of 43%.  Gifts for part of the down payment as well as loans from your 401k are allowed making it easier to accumulate the 10% down payment.  More details can be found at www.jumbolowdown.com  

Home Loans For Self Employed Borrowers

After several years of excluding the entrepreneurial spirit from mortgage programs and guidelines there are new loan programs now available designed JUST for the self employed borrower.  These loan programs do not require tax returns, 1099's, k-1's or other traditional income documentation. Instead, income qualification will be determined by gross deposits made to business or personal bank statements.  Perfect credit is not required as FICO scores are allowed down to 620 and major credit events like a foreclosure typically only need 2 years seasoning.  Down payment ...

December 7th, 2017 Home Loans For Self Employed Borrowers