Jennifer Cleary
Sr. Loan Officer | NMLS #1853759
PHONE: (714) 263-1630
EMAIL: jcleary@mypcf.com
My name is Jennifer, and in the dynamic world of real estate, having a reliable partner by your side can make all the difference. Allow me to introduce myself as an exceptional Senior Loan Officer at Prime Choice Funding, ready to elevate your real estate endeavors.
You’ll be joining forces with a top-notch team where commitment to your success and your clients’ satisfaction is paramount. Together, we pledge to provide unparalleled support, ensuring your clients’ needs are met and transactions are closed seamlessly and on time.
I bring a wealth of experience and expertise to the table, with a specialization in assisting a diverse range of clients, including self-employed individuals, first-time homebuyers, and real estate investors. What sets me apart is the wide array of unique loan programs available, designed to address the specific needs of different clients.
Join forces with Jennifer and the Prime Choice Funding team, accessing unparalleled support and tailored loan programs that cater to your clients’ diverse needs. You can depend on us, the knowledgeable guides by your side at every step.
Home Loan Solutions For Self-Employed Business Owners & Gig Workers
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No W-2? Don’t qualify traditionally? No problem!
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Buy Or Refinance Your Home. No Tax Returns Required! LTV Up To 85% For Cash Out Or 90% For Home Purchases.
Securing a home loan for your clients who are self-employed or gig workers might seem challenging, but our specialized Self-Employed and Gig Worker Solutions mortgages are here to make it easier.
Qualify seamlessly using business or personal bank statements—no tax returns needed. Our programs are designed for those who don’t fit the traditional mold due to self-employed tax returns or income verification complexities in the gig economy.
Benefit from competitive rates and outstanding service as our team navigates you through the process, helping you select the optimal option for your clients’ distinct circumstances. Contact me today to explore how our tailored solutions can transform their homeownership aspirations into reality.
Navigating home loans for self-employed clients? Our Self Employed Solutions mortgage streamlines the process
- No W2, No Problem!
- Qualify with one year self-employed program
- Using bank statements as income
- Qualify with profit & loss statement
- Qualify with 1099 only
- Multiple lenders and options available for your clients
HOW IT WORKS
Connect and Discover
Connect with me to discuss your client’s unique scenario. I’ll listen, understand, and tailor a plan to fit their needs.
Guided Application Process
I’ll take charge, reaching out to your client and helping them with the loan application process, aligning them with the perfect loan program. We’ll ensure all details are captured accurately.
From Approval to Funding
Once all requirements are met and we receive clearance to proceed, we’ll prepare and finalize the necessary loan documents. Your client will sign the documents, and upon completion, their loan will be funded.
Our Additional Attractive Loan Programs
Do your clients need to buy a home or refinance but can’t prove their income?
Our loan program offers smart underwriting to serve borrowers, eliminating unnecessary documents that are not part of the credit underwriting decision and complying with regulatory rules. This program is a practical option for those who are self-employed, own a small or cash-based business, are retired, or have a unique financial situation.
To be eligible for this program, borrowers must have a credit score of 640 or above, a down payment of 20% for purchase, and some funds in their bank account. Cash-out refinances are eligible for up to 70% of the home’s value, and no income documents are necessary for qualification.
Our no-income home loan program can help your clients achieve their homeownership goals.
No tax returns required! LTV up to 75% for cash out or 85% for home purchases with our DSCR Rental Investment Property Loan.
Discover the perfect mortgage solution tailored for real estate investors! Our Investor Solutions loan program requires no personal income verification, offering a hassle-free experience for purchasing or refinancing investment properties. Qualify based on the property’s projected rental income, eliminating the need for tax returns. Skip high rates, lengthy approval processes, and strict lending criteria. With our Investor Solutions loan program, your clients can qualify based on your property’s cash flow, not their income.
Income Documentation Options
No matter what your client’s income looks like, we have non-traditional loan options.
Profit & Loss Only
Designed as an income documentation alternative to bank statements allowing Self-Employed borrowers to utilize their Profit & Loss statement.
Bank Statement
Designed to offer an income documentation option for self-employed or 1099 borrowers utilizing Personal or Business Bank Statements.
Asset Utilization
Designed for high net worth borrowers who wish to qualify for a mortgage using assets rather than income, this option allows you to utilize your borrower’s personal and business assets, such as checking and savings accounts, stocks, and mutual funds, in order to qualify them for a home loan.
Rental Income
Debt Service Coverage Ratio (DSCR) rental income allows qualification based on projected rental income, potentially bypassing the need for tax returns.
No Income
The loan application does not require information about the borrower’s income or employment status. Instead, eligibility is determined based on factors such as the loan-to-value ratio, a minimum FICO score of 640, and the available funds in the bank account.
Loan Products
Frequently Asked Questions For Bank Statement Loans
What is a Bank Statement Loan?Who benefits from bank statement loans?Is My Credit Score a Factor in Getting Approved?What Kind of Loan Terms Do You Offer?How Do I Get Qualified?What Type of Properties Can I Finance?
The Bank Statement loan caters to self-employed individuals who face challenges in proving their income. Often, these borrowers have substantial tax deductions and write off various expenses, resulting in a lower net income on paper, rendering them ineligible for conventional loan programs. At Prime Choice Funding, we offer an alternative option where income verification is not required. Instead, we assess eligibility based on bank statement deposits. This program utilizes bank statements to determine qualification, as long as homeowners or buyers can demonstrate sufficient funds in their bank accounts to maintain timely payments.
- Business owners
- Freelance employees
- Consultants
- Contract workers
- Independent contractors
- Sole proprietors
- Gig economy workers
- Realtors
- Entrepreneurs
- Retirees
In Bank Statement loans, we do consider your credit score. These programs are more flexible than traditional loans, allowing for a FICO score as low as 640. Additionally, Bank Statement loans are accommodating when it comes to past short sales, foreclosures, or derogatory credit. If your financial situation makes sense today, we can provide the funding you need for a bank statement purchase loan or a refinance loan.
Bank Statement loans offer a range of flexible loan terms to suit your needs. This versatile program ensures you obtain the desired payment structure. It includes a 5-year and a 7-year Adjustable Rate Mortgage, providing attractive interest rates. If you prefer a longer term, we also offer a 30-year and 40-year Fixed Rate option. Additionally, for those who prefer interest-only payments, we accommodate that as well, allowing you to keep your monthly payments as low as possible.
The process is straightforward. When clients reach out to us, they often have doubts about the program and their eligibility. At Prime Choice Funding, we have partnered with multiple lenders to provide these programs, and over time, we have successfully assisted numerous self-employed business owners in purchasing or refinancing their homes. The first step is to contact us, where a knowledgeable professional will provide a comprehensive consultation and explain the intricacies of our programs. With various program options available, it’s essential to speak with us to receive tailored guidance and ensure you’re headed in the right direction.
Eligibility for loan programs depends on the specific type you qualify for. In the case of a Bank Statement loan program, we can extend this loan option exclusively for owner-occupied or second home properties. Our lending capabilities encompass single-family residences, condominiums, as well as 1-4 unit properties.