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 12/17/16:

Borrower is a California marijuana farmer. He has a 15 percent down payment on a $1 million purchase price.

Borrowers tax returns are going up in smoke so he does not have enough reportable income. But he has 24 months bank statements showing substantial deposits.

We use a bank statement loan program. Borrower must sign an affidavit warranting that he won’t grow pot on the premises.

Deal gets done and we fund.

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Jeff Lazerson - Mortgage Columnist since 2011