Have you heard about Simple Access™ loan solutions? These unique mortgage programs are designed to help home buyers qualify for financing, even if they have non-traditional scenarios. Self-employed borrowers, investors or borrowers with recent credit events are examples of home buyers who may be a good fit for a Simple Access™ loan. In today’s post, we’ll review a few Simple Access™ loan options and explain some of the benefits.
What are Simple Access™ Loans?
Simple Access™ loans are a group of mortgage programs that feature qualification guidelines that are often more flexible than traditional, conventional home loans. Not all lenders offer these unique programs, but those who do understand that not every home buyer is a good fit for a traditional mortgage.
Simple Access™ loans are tailored to meet the needs of today’s borrowers who have complex, non-traditional scenarios. For example, a borrower who is self-employed may have difficulty showing consistent, documentable income. With traditional mortgages, income verification is a key component of determining eligibility. By contrast, the Simple Access™ loan group offers loan options that do not require income or employment verification.
Real estate investors are another group of borrowers who might benefit from the flexibility of Simple Access™ home loan solutions. For example, the Investor Cash Flow mortgage is a Simple Access™ home loan that allows the cash flow on the subject property to be used to qualify for the new loan.
Likewise, borrowers who have substantial assets but lack consistent income can consider the Asset Qualifier mortgage option, which also does not require employment or income documentation.
Why Consider a Simple Access™ Home Loan?
Simple Access™ home loans provide today’s borrowers with flexible, accessible options for mortgage financing. Here are just a few benefits of choosing a Simple Access™ loan from Luxury Mortgage Corp®.
- Low minimum credit score (most allow as low as 580)
- No employment or income verification required
- Borrow up to 80% of the property value
- Competitive pricing
Call us today: (888) 379-0303
Four Landmark Sq. Suite 300
Stamford, CT 06901