During our more than 35 years in business, we’ve learned that it’s impossible for every potential borrower to have a near-perfect credit score, steady W2 income, and zero past events (like a bankruptcy or foreclosure). As a real estate agent, you’ve undoubtedly learned the same — but that certainly doesn’t make your job any easier sometimes. Especially when you have a motivated home buyer who is struggling to get approved for a mortgage.
At Embrace Home Loans, we believe that unconventional shouldn’t mean unqualified. That’s what drove us to create a new product, Beyond by Embrace. Beyond offers financing solutions for your home buyers who are self-employed, report low adjusted gross income on tax returns, have FICO scores as low as 580, or have a prior bankruptcy, foreclosure, modification, short sale, or deed in lieu.
Beyond was released in late spring of 2018, and our success stories are already piling up. It’s been so rewarding to help these unconventional borrowers, and to give our agent partners a solid mortgage product that can help not just close deals, but completely save them in some instances.
Disputed Late Payments and a Jumbo Mortgage