Become a homeowner!
You deserve your own home, one that’s well-maintained and in a good location. We’d be honored to help get you into a home through private financing. Three basic requirements:
- Can afford the mortgage and show proof
- And have a history of paying rent on time
- And have a down payment saved up (20% or more of purchase price)
Are you self-employed? Does your income vary month to month? Are you a successful business owner? Are you an ITIN holder? Borrowers we work with typically have unique circumstances unique enough that banks aren’t an option.
Apply for a home loan!
To move forward, you will need to qualify with our underwriters by providing:
- documented track record of income that, on average, is more than sufficient to support monthly PITI payments
- provably good history of rent payment and monthly bill payment
- substantial down payment (20% or more of purchase price)
- supporting bank statements
- supporting W-2
- supporting tax returns
- completed Fannie Mae Form 1003, which reflects income, expenses, assets, and liabilities (this essentially summarizes the above 6 items)
- signed Authorization to Release Information; this is to run credit and background checks
Once you’ve gathered all of the above, submit them along with a $400 application fee to our underwriters who work with a team of residential mortgage loan officers. Please get ALL of your paperwork ready and submit everything at the same. The underwriters usually respond within just a couple of days! Send an email to PrivateFinancing@MortgagePlanB.com for submission directions.