LOAN PROGRAM

Alternative Document Home Loans

Qualify using bank statements, 1099 income, or verified assets instead of tax returns and W-2s. Built for self-employed borrowers and business owners. Available across our seven licensed states.

Independent Brokerage, Many Lenders

Licensed in 7 States

NMLS #2367229

Decades of Combined Experience

ALTERNATIVE DOCUMENT LOANS

What Are Alternative Document Loans?

Alternative document loans, often referred to as non-QM loans, allow borrowers to qualify using documentation other than traditional tax returns and W-2s.

These loans are designed for borrowers whose income doesn’t fit standard lending guidelines but who still have the ability to repay.

What Should I Consider Before Choosing an Alternative Document Loan?

Alternative document loans often require:

Higher Down Payments

Alternative document loans may require a larger down payment than conventional financing, depending on the program and lender guidelines.

Strong Credit Profiles

A stronger credit profile can help improve eligibility, available loan terms, and overall financing options.

Asset Reserves

Lenders may require additional funds in reserve to demonstrate financial stability after the loan closes.

Higher Interest Rates Than Conventional Loans

Alt-doc loans may carry higher interest rates than conventional financing because qualification relies on alternative income documentation.

LOAN OPTIONS

What Types of Alternative Document Loans May Be Available?

Bank Statement Loans

Use personal or business bank statements to calculate income instead of tax returns.

Asset Depletion Loans

Qualify based on verified liquid assets rather than monthly income.

1099-Only Loans

Use 1099 income for qualification without full tax return analysis.

Each program has specific requirements and guidelines that should be reviewed carefully.

BORROWER PROFILES

Who Are Alternative Document Loans Designed For?

These loans provide flexibility when traditional documentation doesn’t reflect true earning capacity.

MAKING THE DECISION

Is an Alternative Document Loan Right for You?

If traditional income documentation doesn’t tell your full financial story, an alternative document loan may provide a workable path to financing.

A personalized review helps identify the right program based on your income structure and goals.

We compare your options across multiple lenders so you see the real numbers before you decide.

THE BROKER ADVANTAGE

One Broker. Many Alt-Doc Loan Options.

Alternative-document programs can vary by lender, including how bank statements, 1099 income, assets, credit, down payment, and reserves are evaluated.

We are independent. We compare eligible alt-doc programs across our lender network and help you understand how qualification requirements, loan structure, and pricing differ so you can see which options fit your income profile.

If a conventional loan or another financing option fits your situation better, we will tell you that too.

ALTERNATIVE DOCUMENTATION FAQ

Questions Self-Employed Borrowers Ask

What is an alternative documentation loan?

An alternative documentation loan qualifies you using something other than tax returns, such as bank statements, 1099 forms, profit and loss statements, or assets. These are also called non-QM loans. They exist because tax returns often understate the real earning power of self-employed borrowers who take legitimate deductions.

What is a bank statement loan?

A bank statement loan calculates your income from deposits into your business or personal accounts, typically over 12 or 24 months, rather than from your tax returns. It is the most widely used alternative documentation program and it suits business owners whose write-downs reduce their taxable income substantially.

Can I get a mortgage if I am self-employed?

Yes. Traditional programs use tax returns and work well for many self-employed borrowers. Where the returns do not reflect your full earning picture, bank statement, 1099, profit and loss, and asset-based programs may be available depending on lender guidelines. Being self-employed is not an obstacle, it is a documentation question.

What is an asset depletion loan?

An asset depletion or asset-based loan qualifies you using your liquid assets rather than monthly income. The lender converts a portion of your assets into a qualifying income figure. It suits retirees and borrowers with substantial savings but limited documentable income.

Do alternative documentation loans have higher rates?

Generally yes, because they carry more risk for the lender than a fully documented loan. The gap varies considerably by program and by lender, and it is often smaller than borrowers expect. Many borrowers refinance into conventional financing later once their documented income supports it.

How much down payment do I need?

Usually more than a conventional loan, commonly starting around 10 to 20 percent depending on the program, your credit, and the property. Stronger credit and larger reserves improve both the down payment requirement and the pricing offered.

What credit score do I need?

Most alternative documentation programs look for a score in the 600s or higher, with better terms as the score rises. Because these programs are not bound by a single set of agency guidelines, requirements differ widely between lenders, which makes comparing across a network especially valuable here.

How long does it take to close?

Closing takes 21 to 30 days in most cases. Gathering 12 or 24 months of statements takes preparation on your side. Starting the document collection early is the single biggest factor in a smooth file. We are licensed in Oregon, California, Washington, Idaho, Texas, Florida, and Montana, with offices in Salem and Eugene, Oregon.

Compare Your Alt-Doc Loan Options

Alternative documentation loan options vary based on your income type, assets, credit, down payment, and lender guidelines. We compare bank statement, 1099, asset-based, and other eligible programs across multiple lenders so you see the real numbers before you decide.