Are you Self-Employed, but can't prove your income?  Currently, there are a tremendous amount of Borrowers that make a great living being Self-Employed; however, when it comes to filing your Federal Income Taxes, you have a lot of write offs which leaves a small amount of income that you are claiming. Are one of the few buyers that have a good credit score with a sizable down payment, and get turned down by your local Lender because the Loan Originator tells you that you don't make enough to qualify based on your taxes? Perhaps you are a Property Investor that wants to take advantage in a flipping market.  You need a mortgage company that can get you the cash needed to buy properties when you come across a great deal.  Are you the Borrower that has a small down payment, but you have challenged credit and your credit score is holding back?

There has been a lot of changes in the mortgage industry since the Financial Crash of 2008. Prior to 2008, there were loans called Stated Income Loans which allowed you to lie about your income to qualify.  They were called "The Liar Loans".  Since then, the mortgage industry tightened it ropes when it comes to Underwriting mortgage loans. Until now, we have your solution! Obsidian Financial Services is your one stop shop.  We offer mortgage loans for just about everone. I'm going to name a few to get your mind wondering. 

Here is the solution for the credit impaired Borrowers

Full Document Loans

  • Loan-to-Value up to 90%  (Borrower must have a 10% down payment)
  • FICO Scores down to 500
  • Debt-to-Income Ratios up to 55%
  • Loan amount starting from $100k to $5 million
  • Interest Only Available
  • Cash Out Options
  • Bruised Credit
  • ONE Day out of Bankruptcy
  • ONE Day out of Foreclosure
  • ONE Day out of a Short Sale

Self-Employed Borrowers with Impaired Credit

24 Month Bank Statement Loans (We average your deposits as qualifying Income)

  • Loan-to-Values up to 90%
  • FICO Scores down to 580
  • Debt-to-Income up to 50%
  • Loan amount starting from $100k to $5 million
  • Interest Only Available
  • Cash Out Options

Higher Balance Loan (JUMBO) amounts offered for Borrowers with Full or Alt Credit

Full Document Loans

  • Loan-to-Values up to 95%
  • FICO Scores down to 660
  • Debt-to-Income up to 55%
  • Loan amount starting from $150k to $5 million
  • Interest Only Available
  • Cash Out Options

24 Month Bank Statement Loans 

  • Loan-to-Values up to 90%
  • FICO Scores down to 660
  • Debt-to-Income up to 43%
  • Loan amount starting from $150k to $5 million
  • Interest Only Available
  • Cash Out Options

Investor Solution Loans that are Underwritten to Borrower income or property income.

Full Document Loans

  • Loan-to-Value up to 80%  (Borrower must have a 20% down payment)
  • FICO Scores down to 540
  • Debt-to-Income Ratios up to 50%
  • Loan amount starting from $75k to $5 million
  • Interest Only Available
  • Cash Out Options
  • Bruised Credit
  • ONE Day out of Bankruptcy
  • ONE Day out of a Short Sale

24 Month Bank Statement Loans 

  • Loan-to-Values up to 80%
  • FICO Scores down to 640
  • Debt-to-Income up to 50%
  • Loan amount starting from $75k to $5 million