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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.
Modern house with landscaped yard and garden.

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Trusted financial services logo for competitive loan and mortgage rates.

Top military lender

NMP

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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.

Top mortgage lender

Scotsman guide

Preferred Rate logo on a professional financial website.
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

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

TOP LENDER

CALHFA

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

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

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

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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A smiling woman using a tablet near a window, representing accessible loan services for foreign nationals.
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