5 Solutions to Commonly Rejected Home Loans - Craig Bosse - Walnut Creek Mortgage Lender

5 Solutions to Commonly Rejected Home Loans

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5 Solutions to Commonly Rejected Home Loans

Our Portfolio Products provide solutions to many borrowers who have been turned down for a loan.solutions

 Here are 5 Examples –

Problem ——–> Solution


1) Recent Short-Sale or Foreclosure ————————————–> “2nd Chance Loan”

Our “2nd Chance” loan allows a borrower to buy again just one day after Short-Sale or Foreclosure or only 2 years after Bankruptcy!

The details –


  • Owner-Occupied Purchases , Rate & Term Refinance Only
  • Max DTI 43%
  • Minimum FICO 660
  • Max LTV 80%
  • 5/1 or 7/1 LIBOR ARM
  • Fully Amortizing

2)  Write off EVERYTHING – Self Employed ————–> “12 Month Bank Statement”

With our “12 Month Bank Statement” program we take all of the deposits for the last 12 months and average them to get your “income”. If the bank accounts are personal, we do not subtract expenses! If it is a business account expenses are deducted.


The details


  • Self Employed Only
  • LTV up to 70%
  • Loan Amounts to $3.5 Million

3) No or Little Verified Income —————————-> Substantial Asset


Our Substantial Asset program allows borrowers with at least $500,000 in liquid assets but not enough or no verifiable income to purchase. The amount of qualified liquid assets the borrower possesses is the loan amount limit.

The details

  • Loans up to $3.5M
  • LTV up to 70%
  • Purchase, Refi, Cash Out Refi


4) Great Year in 2013 But Slow in 2012 ——————————-> 1 Year Tax Return


Our 1 Year Tax Return Program allows a self-employed buyer to use only the most current years tax return vs. averaging 2 years together. This is a great loan if you had a slow year or wrote off too much the previous year.


The details

  • Self Employed Borrowers
  • Loan Amounts to 3.5M
  •  LTV up to 70%
  • Purchase, Refi, and Cash Out Refi

5) Not Enough Cash for Downpayment ———————————> Rex Homebuyer


The Rex Home-buyer program allows a borrower to put down only 10% but not pay any PMI. It is an equity share program that gets paid back when you sell. Take a look at the Rex Hombuyer website for details.

We have other Portfolio Loans that have “common sense” underwriting.

Do you know anyone who this would help?

We have great rates on these products, call me for today’s rates.

Craig Bosse
(925) 381 6577
NMLS 1019442

Craig Bosse
Craig Bosse
Craig Bosse specializes in mortgage lending and has helped hundreds of people fulfill their dream of owning a home. Many of the loans he gets approved have been previously denied at other lenders. Craig enjoys the challenge of finding solutions for his clients!
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