Business Purpose Loans

Business Purpose Loans are mortgage loans that can be taken out on your primary owner-occupied residence. They are intended for business owners to use for Business Purpose Loans, not for household, family or personal uses. These are loans for which applicants do not need to qualify for credit or for income. Business purpose loans are unique because you only need to own a corporation ( LLC, Inc. or Subchapter S ) to qualify.

Getting a business purpose loan is a terrific alternative for a business owner. If you are self-employed and have an LLC or a corporation, we can do a business purpose loan for you. You don’t have to qualify for credit or for income yet will still remain in full compliance. The only stipulation is that the loan has to go directly into your business and not be used for personal items. So if you have a free and clear home and a corporation – we won’t have to escrow taxes and insurance and you won’t have to worry about the RESPA guidelines.