Alternative Income Documentation for Self Employed Borrowers

NO TAX RETURNS REQUIRED.  Qualify on actual cash flows generated and not figures reflected on your tax returns after tax adjustments like depreciation, deductible expenses or carrid over losses from prior years.

Traditional and conventional loans require self-employed individuals to provide the last 2 years of personal and business tax returns in order to calculate their "qualifying income".  Underwriters will concentrate on the bottom line of the tax forms and many self-employed borrowers find themselves not able to qualify for the mortgage desired.  We have an alternative income documentation solutions.

At Pioneer Mortgage Funding we have products tailored to the self-employed where qualifying income for the mortgage is derived from the cash flows reflected on bank statements.  You choose either personal or business bank statements (or both).  We can use either 12 months or 24 months.