SPECIALIZED MORTGAGE LOANS
Mortgage Options for Borrowers With Unique Financial Situations
Not every borrower fits neatly within traditional mortgage guidelines.
Self-employed professionals, real estate investors, high-net-worth borrowers and buyers with nontraditional income or assets may need a different approach to financing.
Platinum Lending Solutions helps borrowers throughout Oregon and Washington explore specialized mortgage programs designed for financial situations that may require more flexibility than conventional financing.
A More Flexible Approach to Mortgage Qualification
Specialized mortgage programs may consider income, assets, rental property cash flow, bank deposits, profession, or other financial factors differently from traditional mortgage programs.
What Is a Specialized Mortgage Loan?
A financing option designed for borrowers, properties or financial situations that may not fit standard conventional or government-backed mortgage guidelines.
A specialized mortgage loan is a financing option designed for borrowers, properties or financial situations that may not fit standard conventional or government-backed mortgage guidelines.
Depending on the program, qualification may consider factors beyond traditional employment income and tax-return documentation, such as rental property cash flow, personal or business assets, bank deposits or a borrower’s profession and anticipated earnings.
Because guidelines vary significantly between programs and lenders, determining the right option starts with understanding the borrower’s complete financial picture.
Explore Specialized Loan Programs
Different programs are designed around different financial situations. Explore the options below to learn more.
Oregon Homeownership Programs
Oregon offers specialized homeownership programs that may help eligible homebuyers with financing and homeownership assistance.
Medical Professional Loans
Medical professional mortgage programs are designed around the unique financial profiles of eligible physicians and other qualifying medical professionals. Depending on the program, borrowers may have access to flexible financing and qualification options tailored to their profession.
DSCR Loans
Debt Service Coverage Ratio (DSCR) loans are designed primarily for real estate investors. Rather than relying solely on the borrower’s personal employment income, qualification may be based substantially on the rental property’s ability to generate sufficient income relative to its debt obligations.
Asset Depletion Loans
Borrowers with substantial assets but limited traditional employment income may be able to use eligible assets as a source of qualifying income.
Asset depletion programs can be particularly useful for retirees, investors and high-net-worth borrowers whose financial strength may not be accurately represented by traditional monthly income.
Bank Statement Loans
For eligible self-employed borrowers, bank statement mortgage programs may provide an alternative method of documenting income.
Instead of relying exclusively on traditional tax-return calculations, qualifying income may be evaluated using eligible personal or business bank deposits, subject to the specific program’s guidelines.
Other Specialized Financing Options
Mortgage programs and lender guidelines vary, and the best solution is not always obvious at the beginning of the process.
Depending on the borrower, property and financing objective, additional specialized mortgage options may be available for self-employed borrowers, real estate investors, borrowers with significant assets and other unique financial circumstances.
Our role is to evaluate the complete scenario and help determine which available financing options are worth considering.
Why Work With a Mortgage Broker for a Specialized Loan?
Specialized mortgage programs can vary considerably from one lender to another.
As an independent mortgage broker, Platinum Lending Solutions works with multiple wholesale lending sources rather than a single bank’s menu of mortgage products. This allows us to evaluate different programs and guidelines when a borrower’s situation requires a more customized approach.
Our Portland-based mortgage team works with homebuyers, homeowners and real estate investors throughout Oregon and Washington, including borrowers with complex income, asset or property scenarios.
Not Sure Which Loan Program Fits Your Situation?
You do not need to determine the right mortgage program before contacting us.
Tell us about your goals, income, assets, property and any challenges you are trying to solve. We can review the overall scenario, explain the options that may be available and help determine an appropriate next step.
Have Questions About Your Mortgage Options?
Tell us about your financial situation and what you are trying to accomplish. Our team can help you evaluate available mortgage options and determine what may be worth considering.
