Rural property purchase – well and septic
In this case, a self-employed client was able to purchase his dream home on a 10-acre, well and septic rural property.
This client’s ratios were higher than what an A lender would approve. Proving income required an expert underwriter to build a financial picture. With all of these details in mind, the broker knew the deal would be a great fit for an alternative lender.
With a 2-year term, this client has enough time to get his ratios in-line with what an A lender will approve so at renewal he may qualify at an even lower rate.