Alternative Income Types
In today’s evolving economy, traditional income verification methods may not always reflect an individual’s financial stability. With the rise of consultants, gig workers, entrepreneurs, and self-employed professionals, steady W-2 income is not always feasible. However, that should not be a barrier to homeownership or real estate investment. We recognize and applaud the determination of individuals who take non-traditional career paths, and we are committed to providing flexible mortgage solutions to meet their needs.
Several alternative income documentation options exist for borrowers who may not qualify through conventional means, including:
- Bank Statement Loans – Utilize personal or business bank statements to demonstrate cash flow instead of tax returns.
- No-Ratio Loans – Allow qualification without requiring proof of income or employment, ideal for high-net-worth individuals.
- Asset Depletion Loans – Convert liquid assets into qualifying income by averaging their value over a set period.
While these are just a few of the available options, leveraging alternative income documentation significantly expands access to mortgage financing. Whether you’re looking to purchase a home, invest in real estate, or tap into your equity, these solutions provide the flexibility needed to achieve your financial goals.
