Loan Options Guide

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PHMC’s Outside-of-the-Box Solutions for Home Financing

August 17, 2018

Danna Hagenburger

Loan Options Guide

If you can answer “yes” to any of the below questions, you’ve probably been refused a home loan because your qualifications are outside the norm: Are you self employed? Investor with 4 or more financed properties? Credit issues? More assets than money in the bank? Foreign national? For every reason other banks and lenders said “you can’t qualify,” we say “you can!” At Platinum, we understand not all buyers will fit the profile for traditional financing.

Find your scenario below matched with PHMC’s outside-of-the-box home financing solutions:

Not All Home Buyers

Conform to the Norm:

PHMC's Outside-of-the-Box Solutions for Home Financing

I can't buy a home because...	PHMC's Solution
I am Self-Employed	Use bank statements to qualify No W2s or tax returns required
I have suffered a housing default	Chapter 7 & 13 Bankruptcy: 1 year from date of dismissal or discharge Foreclosure/Short Sale/Deed in lieu: 1 day from date of completion Minimal seasoning (waiting periods.)
I am looking for a new job and will be relocating	Move into your new home up to 120 days prior to your start date of your new job
I am an investor who financed 4+ properties	up to 20 financed properties
I am a medical professional with student loan debt	Medical Doctor Loan Program Low money down & gifts acceptable Medical student loan debt not to be used in underwriting process Future income & salary increases may be used for qualification
I have a low credit score	programs with credit scores as low as 500
I am short in cash but rich in assets	Use liquid assets for full documentation and debt-to-income requirements–without cashing them out Pledged assets: use liquid assets to increase down payment

About the Author

Danna Hagenburger

Mortgage Consultant

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