Sometimes with self-employed individuals, they don't want their complex and lengthy tax return to be shared with others, so they request a loan that does not require income tax returns. Sometimes, the average of the last two years is lower than the current/future monthly income and the same would apply. Sometimes, the person has not filed their taxes as of yet. But no worries, there are ways to work around this, and we are here to help you do just that.
Fill out the online form below to the best of your ability, and we'll get a back to you within two business days with general rate information. The more accurate the information, the better we can help you.
Download and review the private finance checklist at the bottom of the page, print it out, gather the right information, and bring it to us. With the information from the checklist, we can take the general rate we provided via the online forms and verify that that the information is accurate.
Download and review the property questionnaire at the bottom of the page, print it out, gather the right information, and bring it to us. Once again, the more accurate the information, the better we can help you.
No Income Needed! No Assets Needed! No Reserves Needed!
Private financing has been around for a long time. Some refer to it as “hard money.” When one buys a property from a seller and the seller acts as the “bank”, it is “private financing.” We have many institutions that provide private financing.
The main issue is the type of property.
The way to look at this type of financing is it's a Plan A.
- Plan A - gets you the property.
- Plan B (done later) - re-does Plan A after something changes, like improving credit, fixing the property to be normal, or obtaining documentable income or tax returns.
With private financing, the rate is higher, the costs are higher, and the term is shorter.
- Many people with complex tax returns use this type of financing.
- A good program for the right property and the right consumer.
- Purchase or refinance.
- All properties and all situations.