You built your income.
We'll build the mortgage around it.

Underwriters average your deposits over 12 or 24 months. On business bank statements an expense factor (commonly 50%) is applied to reflect business costs; personal statements are typically treated differently. Your loan officer reviews your statements to estimate qualifying income before you formally apply, so there are no surprises.

Minimums vary by program. Bank statement loans start at a 640 credit score; most other alternative-documentation programs start at 660, and flexible qualifying starts at 680. Higher scores generally open access to higher loan amounts and loan-to-value ratios.

Loan amounts run up to $5M on bank statement loans and up to $3M on 1099, P&L, and asset-based programs, depending on your credit, equity, and the property. How much you can borrow against the home’s value depends on the program, your credit and the loan size, and it steps down as loan amounts rise. Guidelines are subject to change without notice.

Not always. Some programs allow a smaller down payment at lower loan amounts. Requirements increase with loan size and vary by program and credit profile — we confirm the specifics for your file at application.

Many programs look for a two-year self-employment history, but some allow as little as one year. Tell us your timeline in the quiz and we will match you to the investors whose guidelines fit your situation.

Yes. Asset-based qualification turns eligible assets (checking, savings, stocks, bonds and retirement accounts) into qualifying income: each account is counted at the share the investor allows, the funds you need to close and any required reserves are subtracted, and what remains is divided by the investor’s set number of months (often 60). No employment is required. This program is available for primary residences.

Yes. 1099 income loans let contractors, freelancers, and gig workers qualify using one to two years of 1099s, with no tax returns or 4506 required.

Yes. ITIN loans serve borrowers who file taxes with an ITIN instead of a Social Security number, and foreign national loans finance non-US buyers with no US credit history or green card. Both qualify through alternative documentation.

Yes. Every program requires documentation — bank statements, 1099s, a P&L, or asset records — and every loan includes a full ability-to-repay determination under federal rules. We simply use documentation other than tax returns; we never rely on an unverified income figure.

Cornerstone First Mortgage, LLC (NMLS #173855) is licensed to originate residential mortgage loans in many states, but not every state. Our Disclosures & Licensing page lists each state license Cornerstone publishes, NMLS Consumer Access shows the official record, and we confirm that we can finance a home in your property's state before you apply. We do not offer, solicit, or provide mortgage services to New York residents or for properties located in New York. If you are a New York resident, we may, at your request, refer you to a licensed mortgage provider; we do not receive any fee or compensation for such a referral.

We take one application and check it in-house against the guidelines of 25+ non-QM investors, matching your income structure to a program that allows it and comparing pricing when more than one fits. Because Cornerstone underwrites in-house, your file is run against that program’s guidelines before you apply, so issues surface up front.