If you have been self-employed for 2 years, maximize your tax deductions to minimize your tax liability, but have excellent cash flow, it is now possible to document your income by adding up the deposits on your 12 most recent bank statements. The total deposit will replace the income reporting on your tax returns for qualifying.
Personal or business statements allowed
A self-employed borrower may supplement bank statement income with additional income derived from an asset amortization formula.
Credit depth has been reduced
Retirement and other income allowed
One borrower must be self-employed and may have a W-2 co-borrower
Jumbo loan amounts up to $3 million
Minimum loan amount $250,000
DTI up to 50%
Cash out up to $2,000,000
Min FICO 620
*A borrower with a 25% or greater ownership interest in a business is considered self- employed
5/1 ARM – Interest only available
15 & 30 year fixed
PHL is now licensed to offer home loans in California and Hawaii.
Call us toll free 866-289-2778 or local 808-891-0415 Email us if you have any questions. Click get pre-qualified to get started on the loan process right away.
Pacific Home Loans - Financing Your Paradise!
Mangum Mortgage, Inc.
Federal Trade Mark: Pacific Home Loans
DBA Hawaii: Pacific Home Loans
Artistic Photography by Justin Shaw
Contact: (808) 757-1079
Toll Free: (866)389-2778
2395 S Kihei Rd #205
Kihei, HI 96753
Hours: M-F 8am to 5pm Hawaii Time