Business owners tend to lean towards Non-Conventional Loans because they allow the borrower to prove they can pay back the loan without the typical requirements of other financial products. For example, proof of income without a W2.

PRO

• Alternative options for Business owners.
• Alternative for a non-Qualified Mortgage.
• Alternative to a hard money loan.
• Options for buyers with recent foreclosures, bankruptcy or short sale.

CONS

• Higher closing cost. Points are charged.
• Most loan terms are for a short period.
• TYPES OF NON-CONVENTIONAL LOANS
• Jumbo Loans
• Foreign National
• Non-Warrantable Condos
• Bank Statements
• No Income
• CPA Letter or P&L Only