Yes, you need one to make offers on homes and it will be the first item your real estate agent asks for. Pre-approval gives you a clear idea of what you can afford and strengthens your offer when making an offer. Apply now and we can get a pre-approval to you within minutes if needed.

While 20% is traditional, many loans are available with as little as 3% down, and some government-backed loans may require no down payment at all. Bank statement loans for the self-employed require 15-20%.

Your rate depends on the type of loan, your credit score, current market rates, and down payment. Ask about the interest rate and the annual percentage rate (APR). it is important to have a strategy in place because interest rate isn't always the most important factor. In fact, demanding a low rate could be more costly. Always discuss with your loan officer about your specific needs.

It is our policy to always quote and recommend a fixed rate for primary home buyers. Investors may want an adjustable rate which we can quote upon request. Discuss with your loan officer.

From the time your offer is accepted it generally takes 20-25 days. This assumes the homebuyer has turned all requested docs into the loan officer in a timely manner. This timeline does not include once you are pre-approved and searching for a home.

Generally require a minimum credit score of 620 and down payments starting around 10% to 20%, depending on the loan amount and property type.

Generally, lenders require a 2-year history of self-employment. However, 1 year may be acceptable if you have prior work experience in the same industry or a strong professional background.

Lenders total your gross deposits over the selected statement period, apply an expense factor (or use an accountant’s profit-and-loss statement) to determine net business income, and average it over the months reviewed.

Yes. Through bank statement loan programs, we use 12 to 24 months of your business or personal bank deposits to calculate true cash flow instead of relying on your adjusted gross income.

Yes, you can use either personal or business bank statements depending on your business structure, ownership percentage, and how you deposit your revenue. Personal bank statements might be ideal for sole proprietors, 1099 independent contractors, or single-member LLC owners who run business income through a personal account. If you own 100% of the business, lenders may credit 100% of verified business-related deposits without applying an expense factor. Business bank statements are ideal for LLC, corporation, or partnership owners. Lenders typically review 12 to 24 months of business accounts and apply an expense factor (often 50% or based on a CPA letter) to determine your eligible monthly qualifying income.

No! That is the beauty of the DSCR loan. Since it is a business purpose loan for investors you only need to be sure the property is going to cash flow by having the right DSCR ratio.

It is calculated by dividing the property's gross monthly rental income by its monthly PITIA (Principal, Interest, Taxes, Insurance, and Association dues). A ratio of 1.0 means rental income exactly covers the debt, while ratios of 1.15 or higher often secure the best leverage and pricing.

For DSCR you need ID, proof of funds/reserves (bank statement), entity documents (Articles of Organization, EIN, Etc) to start the process. Typically more documentation will be needed once under contract such as an appraisal and lease agreement on the investment property.

Yes. DSCR (Debt-Service Coverage Ratio) loans allow you to qualify based strictly on the subject property's generated rental income rather than your personal W2 wages or tax returns.

Yes, lenders can use projected short-term rental revenue (via AirDNA data or comparable market reports) rather than long-term lease agreements to calculate the DSCR, unlocking cash-flow opportunities for properties in high-demand Arizona markets.