What lenders are likely to give me a jumbo loan when my qualifing income is made and remains in a C corporation.

Most Brokers and many Bank employees don't understand the uniqueness of you type of situation and will try to apply conforming rules to jumbo products. In the Conventional / conforming world, if the borrower does not have the income, they don't qualify. Since a C-corp does not pass income through to the owner, like an S-Corp or an LLC, they will not allow the income to be used. You need to work with a Mortgage Banker with expertise in the Jumbo world. There are many of us that do. Unfortunately, I'm not yet licensed in CA, but you will find many qualified Mortgage Professionals through the National Association of Mortgage Professionals www.NAMB.org Look for one in your area that is certified. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Your exact situation is what the Stated Income loan was intended for. Bert is spot on.. There are many lenders out there who understand the C corp. and how income is shielded.. if you found someone already, then go for it.. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

I just came in the office for an hour or so to do some work...about to shut down my computer and Lender411 sent me your question.I don't know if it is coincidence (most likely) but it seems like I was meant to answer your question.YES we can use income in a c corporation. I was educated in interpreting and using Corporate Federal tax returns as well as schedules Cs, Es, and so on. Then of course comes the hard lessons of experience that that not all lenders have essentially the same underwriting rules on their jumbo loans.I just funded a loan in Alamo of $1 million I took over after a Broker just could not get approved after having it 3 weeks. Theynearly lost their dream home. My ability to fund in 3 weeks saved it. I do not claim to be the only sharp, experienced mortgageconsultant to be able to do so...but I and my mortgage bank successfully funded it. If after examining your documentation I feelthere is little or no chance for me to secure the loan you want, I will not waste your time in claiming I can! But if I can, you willget a high level of work on securing funding of your loan on time! Please go to my website and contact me at www.larrygraymortgage.com.There is a link to our branch/company website as well. I can be reached if not in the office by pressing #1...going to my cell phone.

i can do your loan with the normal lending, but i can also offer you a short term private investor loans, the rates are very ver y low its not what you hear about linda

Your loan should be possible to do assuming you can qualify for it from typical loan standpoints. All the naysayers just don't know where to go with a unique loan situation like yours. More difficult than doing your loan is doing one for someone who is retired, has an abundance of assets, but doesn't have a job, or W-2s, to prove income. That is utter nonsense that banks, and virtually all others, perpetuate because they are just plain lazy and don't want to go the extra mile to help their clients. I recently did a refinance for a client who is retired, lives off his investments, and was told by every lender he spoke to before me that without a proveable income (aka W-2s or 1099s) his loan couldn't be done. Of course, I didn't believe that and kept on digging until I hit pay dirt. Needless to say, I did my client's refinance, much to his amazment and extreme satisfaction. Even though your situation is different, I'm quite certain there could be a way for me to do the same for you. If I can't, you will know quickly so none of your time will be wasted. If you would like to read about the plight of the wealthy, "unrefinaceable" retirees, go to this link http://articles.latimes.com/2012/may/27/business/la-fi-harney-20120527. It's rather an eye opening article. Give me a call 16/7, or email me your phone number so I can call you, and I'll be happy to discuss the loan alternatives that may be available to you for your jumbo loan. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

hi: If anyone above is not able to assist, please contact me to discuss. We are direct funders and have investors to consider different scenarios. We can go up to 80% on jumbo loans....Give me a call if you'd like.. MIke (703 505 5300) NMLS 754875 Lending nationwide