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Expanded Income Loans

Every now and then a client comes along with income that’s difficult to prove or who needs some expanded criteria to help qualify. Preferred Rate has loan programs that open the door to borrowers who need access to financing but don’t fit the standard agency or jumbo program guidelines.

Get pre-approved in minutes
Expanded Income Loans for Home Improvements.
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As seen in:

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Trusted financial services logo for competitive loan and mortgage rates.

Top military lender

NMP

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Preferred Rate logo on a professional financial website.
Trusted financial services logo for competitive loan and mortgage rates.

Top mortgage lender

Scotsman guide

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The Preferred Rate logo displayed on a financial services platform emphasizing competitive mortgage and loan options.
Preferred Rate logo on a professional financial website.
Trusted financial services logo for competitive loan and mortgage rates.

5-Star Lender

MPA

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The Preferred Rate logo displayed on a financial services platform emphasizing competitive mortgage and loan options.
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Trusted partner for California HFA home loan programs and mortgage solutions.

TOP LENDER

CALHFA

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Preferred Rate offers expert mortgage solutions to help you find the best rates and financing options.

TOP EMPLOYER

DIVERSITY JOBS

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Trusted mortgage services by Preferred Rate for competitive rates and expert guidance.

TOP 100 MORTGAGE COMPANIES

MORTGAGE EXECUTIVE

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5-STAR LENDER

Mortgage Professional America

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The Preferred Rate logo showcases a professional financial services brand specializing in mortgage and loan solutions.

TOP 250 LATINO MORTGAGE ORIGINATORS

NAHREP

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MOST LOVED MORTGAGE EMPLOYERS

NMP

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Trusted mortgage and financial services provider logo for optimal home loan solutions.

TOP MORTGAGE LENDER

Scotsman Guide

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The Preferred Rate logo showcasing a professional design with laurel wreath and blue ribbon, symbolizing trust and excellence in financial services.

TOP MILITARY LENDER

NMP

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Trusted mortgage and financial services provider logo for optimal home loan solutions.

TOP 15 VA LENDER

Scotsman Guide

Product highlights

  • For self-employed borrowers, Alternative income documentation accepted
  • For self-employed borrowers, 12–24 months bank statements eligible and/or 12–24 months P&L or 1099 income accepted
  • Asset depletion qualifying available
  • Loan amounts up to $4,000,000
  • Up to 90% LTV for primary residence
  • Up to 85% LTV for second homes
  • Interest-only options available
Borrower advantages
  • Alternative ways to calculate income—such as bank statements, P&L, 1099, WVOE, asset depletion
  • Loan amounts as high as $4,000,000
  • Unlimited properties allowed
  • Multiple options for various credit score scenarios
Realtor advantages
  • In-house delegation means we control the transaction end-toend to close on time
  • Expand the inventory of options available by providing your buyer the most flexibility for maximum jumbo loan amounts and cash-out financing
Preferred Rate helps first-time homebuyers with easy mortgage options.
Jessica Thompson shares her positive experience with Preferred Rate for her first home purchase.

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Loan Programs

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Loan Programs

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Conventional Loans

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Child on Veteran's shoulders with American flag, symbolizing VA loan benefits.
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FHA Loans
Beautiful blue house with landscaped yard, ideal for low down payment mortgage options.
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Low Down Payment Loans
Beautiful house exterior with porch, windows, and landscaped yard.
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Happy couple working on home renovation inside a room with construction tools.
A smiling couple during a home renovation project, standing on stairs with construction supplies around them.
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Luxury home with a spacious driveway and well-maintained landscaping for jumbo loan financing.
Explore jumbo loan options for financing high-value homes like this beautiful property.
Jumbo Loans
Man using a laptop on a bean bag chair, promoting flexible bank statement loans.
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Bank Statement Loans
Beautiful manufactured home with a welcoming porch and landscaped yard.
A charming manufactured home featuring a spacious porch and lush landscaping, ideal for comfortable living.
Manufactured Home Loans
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Two workers in safety helmets working on a construction site, focusing on woodwork and project progress.
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Condominium Loans
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Community Lending
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Temporary Buydowns
Modern two-story house with garage, ideal for bridge loan financing.
A contemporary two-story home with a spacious garage, perfect for real estate bridge loans and investment opportunities.
Bridge Loans
Loan options for international clients seeking financial solutions.
A smiling woman using a tablet near a window, representing accessible loan services for foreign nationals.
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Home loan options for quick approval and competitive rates.
Simplify your home buying process with Preferred Rate's SmartBuy program.
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Expanded Credit Loans living room with modern furniture and cozy decor.
Comfortable living room featuring yellow armchairs, a fireplace, and a flat-screen TV, ideal for home improvement financing options.
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Senior couple exploring reverse mortgage options on laptop.
Elderly couple discussing reverse mortgage benefits using a laptop at home.
Reverse Mortgages
Seller PreLock Program for homeowners to secure home sale options.
A woman reviews her home sale options on a tablet in a bright, modern kitchen, highlighting the Seller PreLock Program benefits.
Seller PreLock Program
Preferred Rate Pathway DPA Program interior design.
Spacious living room with contemporary furniture and a sleek kitchen setup.
Pathway DPA Program
Rhyze HELOC
Secure lock program for home safety and security.
Beautiful blue house featuring a secure lock program for enhanced home safety.
Secure Lock Program

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