[James]

Small business with on-paper losses in 2022 leaves it in an awkward situation for traditional qualifying — despite being strong 2021/2023.

Primary residence non-rental single family is the target. High credit score.

Any pitfalls or things to watch out for? Any other auxiliary advice I should be aware of?

[Michael]

2022, did you pay yourself? Some writeoffs can be factored back in. Find a good mortgage broker in your area!

[Michael]

Somewhere around 8.25 if I had to take a guess. Non-qm is always at a premium and the current average rate is about 6.9.

[Scott]

I was able to refinance using my assets via my bank.

My, taxable income, is minimal, so they allowed me to use “bank statements” or brokerage statements, to refinance my mortgage.

[Author]

Posts