Mortgage Grader

Please email your buyer scenarios to Jeff Lazerson by clicking HERE or call him at (949) 322-8640 and let’s see if we can solve your loan approval challenges!

Week of 8/19/17:

Self-employed borrower wants to buy a $1 million home with 30 percent down. His middle credit score is 701. Big bank turns him down because he doesn’t show enough income on his tax returns.

We get a letter from his CPA stating he’s been self-employed for at least two years. He coughs up a one month bank statement.

We get him approved on a 30-year fixed at 5.875 percent (not a pretty rate but he gets his home) with no prepayment penalty.

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Jeff Lazerson - Mortgage Columnist since 2011