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Self Employed – ONE YEAR TAX RETURNS – Jumbo Loans to $3.5 million.

A common request as of late has been Self Employed Borrowers only wishing to provide their most recent tax returns covering a one year period, so yes, WE CAN OFFER THIS AMAZING NICHE to our clientele.

The Self-employed Program which goes as high as $3.5 million in guideline, allows for a Self Employed Borrower to partake of this aspect with the following needs

1. The borrower has been Self Employed for at least 2 years;
2. The borrower provides their most recent tax filings for their Personal & Business Tax Returns with all schedules;
3. An unaudited Profit & Loss is provided from the tax year end to current date.
4. An unaudited Balance Sheet is provided from the tax year end to current date.

Once it’s determined by comparison review that the income is stable, positive and trending; borrower can proceed as a Full Doc loan under the Self-Employed Program

• 85% to $1.5mm loan amounts.
• 80% to $3.0mm loan amounts.
• 65% to $3.5mm loan amounts.
• Unlimited Cashout.
• Gifts allowed.
• Can close in the name of an LLC.
• Interest Only.
• Can be an ARM or Fixed rate mortgage.
• Cashout Proceeds can be used to satisfy the Reserve Requirement

Should you have any questions or comments, please feel free to reach out to us