Frequently Asked Mortgage Questions

Full Doc Loans require W-2s, tax returns, and pay stubs for income verification.

Non-QM Loans allow alternative income verification, such as bank statements, rental income, or 1099 earnings.

Full Doc Loans: Minimum 620+ credit score.

Non-QM Loans (Bank Statement, DSCR, 1099, P&L): 660+ credit score.

Hard Money Loans: No minimum credit score (asset-based lending).

Yes! Self-employed borrowers can qualify for a mortgage without W-2s or tax returns. Options include: 

Bank Statement Loans (Qualify using 12-24 months of deposits).

 1099 Loans (Use 1099 earnings instead of tax returns).

 P&L Loans (Use a CPA-prepared Profit & Loss statement).

DSCR (Debt-Service Coverage Ratio) loans allow investors to qualify using rental income instead of personal income.

Perfect for short-term rentals (Airbnb, VRBO) and long-term investment properties.

 No tax returns, no W-2s required—just property cash flow!

Investor Tip: If your rental income is higher than your mortgage payment, you can qualify for a DSCR loan!

A cash-out refinance replaces your existing mortgage with a larger loan, allowing you to withdraw the difference in cash.

 Common uses: home renovations, debt consolidation, business investments, and real estate purchases.

Yes! DSCR Loans and Aspire X allow cash-out refinancing on rental properties.

 Max LTV: 75-80% for investment properties.

Investor Tip: Use your rental property equity to buy more real estate without proving personal income.

Jumbo Loans exceed conforming loan limits ($766,550 in most areas, higher in high-cost markets).

Used for luxury homes, multi-million-dollar real estate, and large investment properties.

No Limit Jumbo Loans go above $3 million with flexible underwriting.

Pro Tip: If you’re self-employed or have complex income, No Limit Jumbo Loans allow bank statements instead of tax returns!

Full Doc Loans: 3-4 weeks.

Non QM Loans: 1-3 weeks.

1-Get Pre-Qualified – Submit basic details to estimate your loan eligibility.

 2-Provide Income Documentation – Full Doc (W-2s, tax returns) or Non-QM (bank statements, rental income).

 3-Underwriting & Loan Approval – Processing time depends on loan type.

4-Close on Your Mortgage!