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Your finances aren’t cookie-cutter. Why should your loan be?

Often, lenders don't recognize the nuances of everyone’s unique financial situation. That’s why we introduced Beyond by Embrace, a program offering purchase and refinance loan options designed for borrowers with circumstances that may otherwise prevent them from securing financing with a more traditional lender.

If you’ve tried to get a mortgage while self-employed, you’re well aware of the related challenges when your income isn’t documented on a W-2. Beyond is suited for self-employed borrowers who can show cash flows from their bank statements instead of only what is reported on their tax returns. We value flexibility just as much as you, and are dedicated to creating paths to homeownership with outside-the-box thinking that celebrates your own outside-the-box career path.

We also understand that many times, life events lead to unforeseen challenges and credit events such as a bankruptcy or foreclosure. At Embrace, we believe that people are more than just a credit report, and that’s why with Beyond, we look at the bigger picture and work to understand your whole story when assessing your loan application.

Self-Employed

  • FICO® Scores as low as 700 accepted
  • Ideal for borrowers whose income is best represented by bank statements or 1099s
  • Cash-out refinance options available
  • Fixed-rate and ARM options

Credit Events

  • Bankruptcy must be discharged or dismissed for at least 24 months at time of application
  • Foreclosures, modifications, short sales/deed-in-lieu, and 120-day mortgage delinquencies must be settled at least 24 months at time of application

Investment Properties and Second Homes

  • FICO® Scores as low as 660 accepted
  • Self-employed borrowers may qualify by showing cash flow from bank statements or 1099s
  • Loan sizes up to $3 million
  • Purchase, rate and term, and cash-out refinance options available

Frequently asked questions

What is mortgage insurance?

Simply put, mortgage insurance is a policy taken out on your loan that protects the lender in the event of default or foreclosure. Of course, no one expects to default on their mortgage, but life isn’t always predictable and lenders need assurance that they will get their money back in the event your financial health takes a turn for the worse.

In this scenario, the lender is the beneficiary if you default on the mortgage loan for any reason.

Rates are complicated and can be tricky to understand. Simply CALL US and we’ll help you compare your rate quotes. We’re happy to take you through estimates line by line — ensuring you know what every item means to you and your bottom line. Comparing mortgage rates can be confusing because there are so many factors — from taxes to title insurance — that contribute to calculating your mortgage payment and closing costs. No one is expected to understand it all from the beginning, but we’ll make sure it all makes perfect sense to you in the end.
Pre-approval is more involved and carries more weight than pre-qualification.  With Embrace, this process will be as simple and streamlined as possible so you can start finding your new home. We’ll calculate the specific mortgage amount for which you are approved. You'll also have a better idea of the interest rate you will be charged on the loan and, in some cases, you might be able to lock-in a specific rate. With pre-approval, you will receive a conditional commitment in writing for an exact loan amount, allowing you to look for a home at or below that price level. Obviously, this puts you at an advantage when dealing with a potential seller because it’s clear you are very close to obtaining the financing you need.
High interest rates bring higher monthly payments and increase the overall interest you’ll pay over the life of your loan. A low interest rate saves you money in both the short and long term. Sometimes a bigger down payment can help you get a lower interest rate. Keep in mind that the money you pay in interest doesn’t ever go toward paying off the principal, so it’s smart to get the lowest interest rate possible and then pay off your house as quickly as you can.
A typical monthly mortgage payment includes the principal, interest, homeowners insurance, property taxes, and private mortgage insurance (PMI) if you put down less than 20%. You can pay more on your mortgage each month, but make sure you specify that you want the extra money to go toward the principal only (vs. prepaying interest).
"In my opinion it’s all about trust. Trust that Vickie is fair and will listen and explain whatever questions I have. It’s not that simple but she makes it seamless." - Fazle, VA
Social Survey Top Mortgage Company Customer Satisfaction 2019
Zillow 5 star rating
Google 4.9 start customer rating

Not a commitment to lend. Conditions and fees apply. Embrace Home Loans reserves the right to cancel this offer at any time. Interest rates are determined on the day you lock your rate. If published rates fall below your locked rate, Embrace Home Loans will allow a one-time offer to re-lock your rate at the lower rate.