Mortgage Blog

Qualifying for a Mortgage with Assets

Federal rules from Dodd Frank have made it much tougher for borrowers outside the traditional channels, such as Fannie Mae, Freddie Mac, and the government loan programs, to qualify for mortgages. There are some interesting products for the self-employed that revolve around cash flow isolated from a business, but for many, if you don’t qualify on standard metrics and if you are not a self- employed business owner, you may simply be out of luck with no viable options to obtain a new mortgage. However, if you have lived within your means and saved to a point where you have a nice nest...

May 2nd, 2019 | Specialized Forward Mortgages, mortgage, Non QM, Asset Qualifer, Asset Based Mortgage, Traditional Mortgage, Qualifying for a Mortgage with Assets

Self Employed Borrower Success Story

Over my entire career in the mortgage field, self-employed borrowers always stand out as the more challenging opportunities.  The self-employed borrower often finds themselves in a tug of war between their accountant’s guidance and the demands of the mortgage underwriter as it relates to qualifying income for a mortgage loan.  The accountant presses the deductions and works to minimize your taxable income with fancy terms such as “accrual basis” and the loan underwriter often demands pretty much the opposite.  At the end of the day, the self-employed borrower c...

November 9th, 2018 | Non QM, self-employed borrower, QM, Specialized Forward Mortgages, bank statement loan, mortgage, Mortgage Loan Process, Self Employed Borrower Success Story

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

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Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.