Specialty Loans
Unique Loans for Unique Situations
Trying to buy a big ole’ house that comes with a big ole mortgage? Self-Employed and
your tax returns show that you have minimized your tax burden by maximizing your
expenses? Property investor that needs specific financing to buy more investment
properties? Have a low low low rate already and just need access to the equity in your
home?
We got you.
About Specialty Loans:
A specialty mortgage loan is a home loan designed for borrowers who may not fit standard lending guidelines. These programs help buyers qualify using flexible documentation, higher loan limits, or financing for non-primary residences. Common specialty loans include jumbo mortgages, self-employed borrower loans, and investment property mortgages.
Jumbo Purchases
Jumbo loans are designed for buyers purchasing higher-priced properties and provide the flexibility to finance homes that go beyond standard conforming loan limits.
These loans typically require strong credit, stable income, and a larger down payment, but they offer competitive rates and customizable terms for qualified borrowers.
Self Employed
Being self-employed shouldn’t stand in the way of owning a home. Self-employed mortgage programs are designed for entrepreneurs, freelancers, contractors, and small business owners whose income may not fit traditional lending guidelines.
Instead of relying solely on W-2s, lenders can evaluate alternative documentation such as bank statements, business income, and asset verification to determine your ability to qualify.
Investor
Investment mortgages often have different qualification requirements than primary residence loans, including higher down payments and stronger financial documentation. Our team helps you navigate these guidelines and identify loan options that align with your investment strategy.
With the right financing in place, you can confidently grow your portfolio and take advantage of the long-term wealth-building potential of real estate.
Frequently Asked Questions about Specialty Loans
What is a Jumbo Mortgage
A jumbo mortgage is a loan used to finance homes that exceed the conforming loan limits set for conventional loans. These loans are common in higher-priced markets and typically require strong credit, stable income, and a larger down payment.
What credit score is needed for a jumbo mortgage?
Most lenders prefer a credit score of 700 or higher for jumbo loans, although requirements can vary depending on the lender and the borrower’s financial profile. Higher credit scores can help borrowers qualify for better interest rates and loan terms.
Can I qualify for a mortgage if I’m self-employed?
Yes. Many lenders offer mortgage programs specifically designed for self-employed borrowers. Instead of relying only on W-2 income, these loans may allow alternative documentation such as bank statements, profit and loss statements, or asset verification to determine your income.
How long do I need to be self-employed to qualify for a mortgage?
In most cases, lenders prefer at least two years of self-employment history. However, some programs may allow qualification with one year of self-employment if you have prior experience in the same field.
What is an investment property mortgage?
An investment property mortgage is a loan used to purchase real estate that is not your primary residence, such as rental homes, vacation rentals, or multi-unit properties purchased for income or appreciation.
Do investment property mortgages require a larger down payment?
Yes. Investment property loans typically require a larger down payment, often starting around 15% to 25%, depending on the property type, loan program, and borrower qualifications.
Are interest rates higher for specialty mortgage loans?
Specialty loans can sometimes have slightly higher rates than standard mortgages because they may involve larger loan amounts or alternative income documentation. However, competitive rates are often available for borrowers with strong financial profiles.
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