No Tax Returns & "Stated Income" Home Loans
Customized Mortgage Solutions for
Self-Employed Buyers
ask us anything!
Got questions? We're here to help! Whether it's about mortgage rates, plans, or the process, feel free to ask us anything. We're ready to guide you every step of the way!
(925) 722-6116
Unlock Your Dream Home with Our Mortgage Solutions.
Who am I?
Your Trusted Partner in Home Financing
Kurt Kessler
NMLS#365130
Sr. Mortgage Broker
With over 30 years of real estate experience, I have been fortunate to have the opportunity to work with thousands of homeowners, assisting them with their financing needs. I feel that my longevity in the field allows me to bring a wealth of experience, knowledge, and know-how to my clients.
Testimonials
why choose our team?
Building Foundations for a
Brighter Future
Home Purchase
Refinance
Loan Options
Your Journey to Homeownership Starts Here
We simplify the journey to homeownership. Our dedicated team is here to guide you through every step, providing expert advice and personalized support. Together, we’ll turn your dream of owning a home into reality!
Personalized mortgage solutions tailored to your needs.
Expert guidance throughout the entire buying process.
Competitive rates to help you save on your investment.
Bank Statement
Bank statement mortgage programs are often a good option for self-employed individuals, and business owners who need an alternative income verification option. Find out whether a bank statement home loan from Griffin Funding is a good fit for you.
Fast Approval: Qualify using 12-24 months of bank deposits, not tax returns.
Flexible Solutions: Bank statement loans offer greater flexibility compared to conventional loans when it comes to income verification, term length, loan amount, and minimum DTI ratio, but may have slightly higher rates and down payment requirements.
Easy Transition: Bank statement loans enable self-employed borrowers and those who don’t receive a W-2 to qualify for a mortgage using bank statements rather than pay stubs or tax returns.
Asset-Based
An Asset-Based loan or asset utilization loan uses assets as income. Whether you are a retiree with a small fixed income or a self-employed borrower, the ease and benefits of asset-based loans and mortgages have made them a popular solution for borrowers in recent years.
Fast Approval: Asset-based loans allow you to leverage personal assets, such as bank accounts and investment accounts, to secure a mortgage
Flexible Solutions: Asset-based loans do not require income verification and are ideal for self-employed individuals, those with non-traditional income sources, or retirees.
Easy Transition: Alternatives to asset-based lending include bank statement loans, P&L loans, conventional loans, and DSCR loans, each of which caters to different financial situations and needs.
P&L Loans
A P&L loan, or Profit & Loss Statement loan, is a type of mortgage for self-employed individuals or business owners who qualify for a loan based on their business's profit and loss (P&L) statement, rather than traditional income verification methods like W-2s or tax returns.
Fast Approval: Use a P&L statement to qualify.
Flexible Solutions: These loans allow borrowers to use their business's Profit & Loss (P&L) statements to qualify, bypassing traditional income verification.
Easy Transition: 1-year business existence may be considered.
1099 Loans
Instead of requiring full tax returns, a 1099
mortgage relies on the income you report to the IRS via Form 1099.
Fast Approval: This is a major advantage if you’re self-employed and maximize your tax deductions, because it allows you to meet your loan requirements with your full income, instead of your deduction-reduced taxable income.
Flexible Solutions: Income may ebb and flow, but the bottom line has to show a profitable, steady business that can carry the loan.
Easy Transition: 1099 transcripts only (full tax transcripts not required). Verification of 2 years’ employment history. Examples include written verification of employment or CPA Letter.
No Income/Employment
A tailored loan program designed to provide flexibility and help you qualify for the financing you need, even with limited income documentation.
Fast Approval: Employment not stated. Income not stated. Income documentation not required.
Flexible Solutions: Max 80% Loan-to-Value. Cash-out options available. These loans allow borrowers to use their business's Profit & Loss (P&L) statements to qualify, bypassing traditional income verification. Asset seasoning only 30 days.
Easy Transition: Are you encountering difficulties qualifying for a loan? If your income history fluctuates or you're unable to provide extensive earnings documentation, traditional loan qualification can become daunting.
Stated Income/Asset Land Loan
Financing for farms and rural homes with unlimited acreage.
Farm/Ranch Commercial Land:
Commercial agriculture land appraisal required. Minimum 5 acres, no maximum.No income/asset Documentation Loan: Treated as a commercial land loan
Flexible Solutions: Raw land is okay if you have the intention to use it for AG purposes, even if you want to build a home on it later.
how it works
Partnering in Your Real Estate Success
Consultation
Discuss your needs and financial goals.
Application
Complete a simple application to start the financing process.
Underwriting
We work with the underwriter to get you loan approved.
Frequently Asked Questions
What is a Bank Statement Loan?
A Bank Statement loan is designed for self-employed individuals who struggle to verify their income due to numerous tax deductions and expense write-offs, which often result in a net income that appears too low for a traditional loan. Instead of relying on conventional income documentation, this program assesses eligibility by reviewing bank statement deposits. Known as the Bank Statement program, it qualifies homeowners or buyers using a percentage of deposits into their account. Some programs us company bank statements and some allow for personal bank statements.
If you have a Co-Borrower, we can add their documented income to increase you purchasing power. The Bank Statement Loan can be combined with Asset-Based Income program to also increase purchasing power.
What is a P&L Loan?
A P&L loan, or Profit & Loss Statement loan, is a type of mortgage for self-employed individuals or business owners who qualify for a loan based on their business's profit and loss (P&L) statement, rather than traditional income verification methods like W-2s or tax returns.
What is an Asset-Based Loan?
An Asset Based Loan, allows borrowers to use the value of their liquid assets and retirement accounts to qualify for a mortgage, rather than relying on traditional income verification like pay stubs or tax returns. Can be used for borrowers who have no income. Income from Asset-Based calculations can be combined with Bank Statement or P&L programs.
Is there really a "No Income, No Employment" Loan?
Yes! Employment not stated on the application. Income not stated on the application. Income documentation not required. For Primary residence only.
Is My Credit Score a Factor in Getting Approved?
We do look at your credit score. These programs are a lot more lenient than traditional loans are so we can go as low as a 620 FICO score at times. . If your financial situation makes sense today, we can lend you the money you need for a self-employed purchase loan or a refinance loan.
What Type of Properties Can I Finance?
It depends what type of loan program you are qualified for. We can offer this loan on an Owner Occupied, Second Home, or Investment property. We can lend on single family residences, condo’s and 1-4 unit properties
How Do I Get Qualified?
The process is straightforward. Many people who reach out to us are initially doubtful about the program and whether they can truly qualify. Having offered these programs since their inception, we’ve successfully assisted numerous self-employed business owners in buying or refinancing their homes. The first step is to give us a call. I’ll consult with you, providing a detailed explanation of how the programs operate. With various program options available, speaking directly with us is the best way to ensure you’re guided toward the right solution.
Kurt Kessler NMLS# 365130 | Barrett Financial Group, L.L.C. NMLS #181106 | 3207 Grey Hawk Court, Suite 110, Carlsbad, CA 92010 | CA 60DBO-46052 & 41DBO-148702 Licensed by Dept. of Financial Protection & Innovation under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Financing Law License | Equal HousingImage Feature Opportunity. | This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.
This is not a commitment to lend. All loans are subject to credit approval. This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply. No Tax Return loans products require other forms of income documentation and asset verification in lieu of tax returns. Not all applicants will qualify. Some products we offer may have a higher interest rate, more points or more fees than other products requiring more extensive or different documentation. Minimum FICO, reserve, and other requirements apply.
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