We’re thrilled to unveil our newest providing, First Residence Mortgage’s Skilled Options for Financial institution Assertion Loans, meticulously crafted particularly for small enterprise homeowners, consultants, and freelance professionals like your self. This progressive product goals to simplify the mortgage course of and make homeownership extra accessible for people with non-traditional earnings sources.
Our Skilled Options program isn’t just about mortgages; it’s about empowerment. Conventional mortgages won’t see the complete image of your monetary success, however our new Skilled Options product line is right here to alter that. With over 16 and a half million self-employed people within the workforce right now, making up greater than 10 p.c of the economic system, it’s clear that the standard employment panorama is evolving. Our Skilled Options merchandise are centered round an alternate solution to make a qualification determination, wanting on the entire image of your funds.
Why do you have to care about this? As a result of that is about you. That is about providing you with extra choices. We’ve heard the tales of well-deserving debtors disregarded within the chilly by conventional {qualifications}. Possibly that’s you, however we’re right here to present you a lifeline.
Whether or not you’re a contract skilled, a small enterprise proprietor, or a advisor, our Skilled Options are right here for you. It’s time to get the mortgage you deserve.
What units our program aside is its distinctive function of accepting financial institution statements as proof of earnings, the place we are able to evaluate each 12 or 24-month choices. Furthermore, this product embraces 1099 earnings, guaranteeing a extra inclusive strategy to mortgage qualification.
With First Residence Mortgage’s Skilled Options program, main residences can qualify for as much as $3,000,000 in financing, whereas second properties are eligible for as much as $2,000,000. Notably, there’s no requirement for mortgage insurance coverage, offering larger monetary flexibility for our valued prospects.
To be eligible for this program, candidates ought to have a minimal FICO rating of 660, and people with 25% or extra possession in a enterprise are thought of self-employed. At First Residence Mortgage, we’re devoted to offering tailor-made options to fulfill the various wants of our prospects.
Suppose you might qualify? Contact a mortgage officer right now or dive into our video that includes our SVP and Director of Gross sales, Matt Nader, together with our VP of Capital Markets, James Baublitz, to delve deeper into our new program and its potential to raise your homebuying journey.
