NON-TRADITIONAL LOANS
At The McDaniel Mortgage Group, we understand that not every qualified buyer fits the mold of a conventional borrower. Whether you're self-employed, a contract worker, or someone with significant assets but non-W2 income, our non-traditional loan options are designed to provide the flexibility you need to move forward with confidence.
We work with a variety of niche lending programs that assess more than just tax returns — helping you qualify based on bank statements, 1099 income, asset verification, and rental property performance.
Loan Programs Tailored to You
12-Month Bank Statement Loans
For self-employed borrowers who can’t document income traditionally.
-
Uses business or personal bank deposits over the past 12 months to determine income
-
Standard 50% expense factor, or as low as 10% with a CPA letter
-
Down payment as low as 10%
1099 / Profit & Loss Loan
Ideal for contract workers, consultants, and entrepreneurs.
-
20% down payment
-
700 minimum credit score
-
Must own at least 50% of the business
-
Expense factors applied based on industry norms
-
Primary and second homes eligible
DSCR (Debt Service Coverage Ratio) Loans
Designed for property investors looking to qualify based on rental income, not personal income.
-
No tax returns or employment verification required
-
Approval based on rental cash flow
-
Typically requires 20–25% down
-
Available for investment properties only
-
Low DSCR ratios accepted depending on lender
Who Are These Loans For?
-
Self-employed individuals with complex tax returns
-
1099 contractors and freelancers
-
Real estate investors
-
Borrowers with significant assets but limited reportable income
-
Individuals with strong financials who’ve been turned down for traditional loans
The Advantage of Going Non-Traditional
These loans offer a lifeline to qualified buyers who may not “check the boxes” for a conventional mortgage. At McDaniel Mortgage Group, we bring deep experience in alternative lending and tailor each application to highlight your true financial picture.
