Black Diamond Non-QM
Bank Statements/1099/P&L/W-2 – 1099
- Designed for self-made Rockstars who write their own rules.
- Loans up to $4 million with a minimum of $150,000
- Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing
- Owner-occupied, second homes, and investment properties
- Borrowers can own as little as 25% of the business
- Two years’ seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- 1099- Perfect for dual-stream earners, Contractors, Creatives independents that are unstoppable – W2 to 1099 OK
- P&L – Tell us your story, we turn it into financing.
- Bank Statements: For headliners with non-traditional income, when your deposits tell your story better than your tax return.
- You can layer your income streams – Combine your flows. Create your own mix.
- Loans will be qualified using a default expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA, tax preparer, or bookkeeping company.
Min FICO
640
(Up to 75% LTV)
Max LTV
90%
(Min 720 FICO)
Breaking all the Rules for the Self-Employed
If you’re like us, you don’t really like rules – and that’s why you’re self-employed. It’s so you can make your own rules up, buy an island to build a commune on, put “Breaking All The Rules” by Ozzy on repeat and create your own governmental structure based on Lord Of The Flies….wait, what were we talking about again? Ah, yes. Mortgages for the self-employed. If you’re self-employed, you have come to the right place. Because in addition to our ridiculous sense of humor, we have programs for entrepreneurs that think outside the box. Most entrepreneurs struggle to qualify for traditional mortgage financing because of the constant compromises required to show enough income on their taxes to get a loan, but they also don’t want to pay the gubmint a boatload of dough. So if you’ve got a solid business, good credit, and a good down payment we have programs for you.