Can I get a jumbo loan without using my tax returns?
Short Answer
Yes. A flexible-income jumbo loan lets you buy a higher-priced home without using tax returns on most options. You can qualify on bank statements, 1099s, a profit and loss statement, or your assets. It can work for a primary home, second home, or investment, and for some non-warrantable condos. Ask me for current terms.
What is a flexible-income jumbo loan?
A jumbo loan is a mortgage above the normal loan limits. A regular jumbo loan usually wants full tax returns and strict paperwork. A flexible-income jumbo loan gives you other ways to show what you earn.
Think of a waterfront home in Belleair or a beach condo in Treasure Island.
Who is it for?
- Business owners and self-employed buyers
- 1099 and commission earners
- Buyers with large savings or investments
- First-time buyers buying at a higher price
- Buyers looking at non-warrantable condos or condotels
Which ways can I qualify?
| Option | What the lender looks at |
|---|---|
| Bank statements | Deposits over a set number of months |
| 1099 income | Your 1099 forms |
| Profit and loss statement | A P&L for your business |
| Asset-based | Savings and investments |
| Full documentation | Standard paperwork, when that helps |
What can I use it for?
You can buy, refinance, or take cash out. It can work for a primary home, a second home, or an investment. Single-family homes, PUDs, condos, and 1 to 4 unit properties can fit, including some non-warrantable condos and condotels. Longer terms and interest-only options may be available. Ask me for current terms.
How do I get started?
- Apply at /apply.
- Tell me how you get paid and what price range you want.
- I compare a regular jumbo loan with the flexible options.
- You shop with a letter that matches the homes you want.
What should I watch for?
Flexible-income loans can cost more than a regular jumbo loan. If your tax returns show your income well, the regular path may be cheaper. I check both. See all the options on Financing.
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Jonathan Loescher, Realtor and Mortgage Loan Originator (SL3546365, NMLS 2621894)
Mortgage loans are offered through PMF, Inc., NMLS 1980. Real estate services are offered through Realty of America. They are separate companies, and you don't have to use both. Equal Housing Opportunity. Education only. This is not a commitment to lend. All loans are subject to credit approval, underwriting, and property eligibility. Not all applicants will qualify. Any loan approval is conditional until all underwriting conditions are met. Programs, rates, terms and conditions may change without notice.