California Alternative Document Loans For the Self-Employed & Investor
Pacific Home Loans’s California Alternative Document loans are ideal for the self-employed applicant and investor purchasing or refinancing California property.
The following two loan options take into consideration all the cash flow and assets a self-employed and high net worth borrower has at their disposal:
No tax returns needed – Qualify with 12 months’ bank statements
Bank Statement Loan
High net worth borrower
No employment or income needed. It is possible to qualify based on assets alone – The Asset Depletion Loan can be used concurrently with the Bank Statement Loan.
Asset Depletion Loan
As an alternative to Hard Money Loans, without the high-cost and inflated rates of Private Money, Pacific Home Loans offers the following loan programs for Investors Only.
Investor – No income verification loan
The applicant will complete the traditional underwriting process with no income verification.
No Income Verification Loan
Investor – Property cash flow loan
This program is designed for experienced real estate investors and qualifies borrowers based on cash-flow solely from the subject property.
Property Cash Flow Loan
Investor – Private Money
Equity-based purchase, refinance and construction loans.
Private Money Loan
These products may have a higher interest rate, more points or more fees than other products that require documentation.