Self-employed borrowers have the hardest time qualifying for a great mortgage loan because they write off so much on their taxes.
Solution: 90% debt-to-income (DTI) loan program for self-employed borrowers. Details:
  • KEY – reserves (retirement, stock, annuity, bank accounts, etc.) equal to loan amount
  • 90% DTI maximum
  • 660 FICO minimum
  • Fixed rate and ARM’s
  • Owner occupied, investment and second homes
Loan scenario:
$1 million purchase price, 20% down, $800k loan, single family, owner occupied, 740 FICO 30 year fixed rate at 4.75%, .25% point, 4.861% APR or 10/1 interest only ARM at 4.625%, no points, 4.714% APR.
I’ve researched over 600 lenders during the last 12 years to find the best loan programs at the lowest rates and fees. When you want the best deal, call Dan the Man for Mortgages at 714-310-4162.
What our clients are saying:
“I am glad I found Dan Stone’s information online and am glad he guided me to a bank that came through for us. I actually started the process with [another] bank and their loan officer was a close personal friend of mine; however, I quickly found that this may not be the best way to go which prompted me to look online. Dan was a great find for us!”
-John B.