For many aspiring homeowners, traditional mortgage requirements can be a roadblock—especially for business owners, self-employed professionals, and those with limited residency status. Family Mortgage, powered by City Lending Inc., is changing that narrative by offering alternative financing solutions tailored to non-traditional borrowers.
Led by Branch Managers Dominic Alvarez and Ricardo Hernandez, Family Mortgage specializes in bank statement loans and DSCR (Debt Service Coverage Ratio) loans, making homeownership possible without requiring tax returns or W-2 forms. By focusing on alternative documentation methods, the company ensures that borrowers with strong financial profiles but unconventional income sources are not excluded from homeownership opportunities.
Reaching Those Overlooked By Traditional Lenders
Small business owners and self-employed individuals often face rejection from banks due to their unique income structures. While they may have strong cash flow and financial stability, their tax returns frequently do not reflect their full earning potential due to business deductions and write-offs. Traditional mortgage lenders typically rely on tax returns and W-2s to assess a borrower’s ability to repay a loan, creating a significant obstacle for self-employed professionals.
Family Mortgage removes this barrier by offering solutions specifically designed to evaluate financial health through bank deposits and business revenue rather than traditional tax documentation. This alternative approach enables business owners and entrepreneurs to qualify for mortgage financing based on their actual earnings rather than reported taxable income.
“Our job is to help clients get the financing they need to secure a home, even when traditional lenders have turned them down,” said Dominic Alvarez. “We understand the financial realities of business owners and self-employed individuals and work to provide them with a path to homeownership.”
A Lifeline For Immigrants And Limited Residency Borrowers
Many immigrants and individuals with limited residency status in the U.S. face difficulties securing home loans, even when they have strong financial stability. Conventional lenders often impose stringent requirements regarding residency documentation, making it nearly impossible for many well-qualified borrowers to obtain mortgage approval.
Family Mortgage provides specialized residency-friendly mortgage programs designed to help these buyers overcome these challenges. These programs cater to individuals with ITIN (Individual Taxpayer Identification Number) status, foreign nationals, and those without permanent residency documentation but with a strong financial foundation.
One recent success story involved a family that had been denied home financing for five consecutive years due to their residency status. Despite having steady employment and the financial means to purchase a home, traditional lenders continually turned them away. With Family Mortgage’s guidance and alternative lending programs, they were finally able to purchase their first home, marking the end of a long and frustrating journey.
“This is why we do what we do,” said Hernandez. “We help families who have been told ‘no’ time and time again finally say ‘yes’ to homeownership. Everyone deserves a chance to build a stable future, and we’re proud to be part of that process.”
Bank Statement And DSCR Loans: Expanding Access To Homeownership
Family Mortgage’s innovative approach centers around two key loan products: bank statement loans and DSCR loans.
- Bank Statement Loans: These loans allow self-employed individuals to qualify based on their bank deposits rather than tax returns. Borrowers submit 12 to 24 months of personal or business bank statements to demonstrate consistent cash flow, making it easier for entrepreneurs and independent contractors to secure home financing.
- DSCR Loans: Designed for real estate investors, DSCR loans assess a borrower’s ability to repay based on rental income rather than personal income. This financing option enables investors to expand their real estate portfolios without the limitations of conventional loan qualification criteria.
By offering these flexible loan products, Family Mortgage provides practical solutions for borrowers who may not fit the mold of traditional lending but still have the financial means to sustain homeownership.
Bilingual Service And Community Engagement
Understanding that language barriers can create additional challenges for borrowers, Family Mortgage offers full support in both English and Spanish. This commitment to bilingual service ensures that clients fully understand their loan options, terms, and responsibilities before making one of the most significant financial decisions of their lives.
“Whether it’s explaining loan terms or walking a client through paperwork, our bilingual team makes sure every client feels comfortable and confident,” said Alvarez. “We believe that language should never be a barrier to homeownership.”
Beyond providing mortgage solutions, Family Mortgage actively engages with the communities it serves. The team participates in educational workshops, financial literacy programs, and outreach initiatives to ensure that homebuyers—particularly those from immigrant and minority communities—have the knowledge and resources needed to navigate the mortgage process successfully.
A New Era In Mortgage Lending
With a commitment to inclusivity, innovation, and customer-first lending practices, Family Mortgage is proving that homeownership is within reach for more people than ever before. By offering personalized loan solutions, breaking down traditional lending barriers, and prioritizing client education, the company is making a tangible impact on the lives of countless borrowers.
“Our approach is different because we listen to our clients’ needs and find solutions that work for them,” said Hernandez. “Everyone deserves the opportunity to own a home, and we’re here to make that possible.”
As the housing market continues to evolve, the demand for alternative mortgage solutions will only grow. Family Mortgage remains at the forefront of this shift, ensuring that aspiring homeowners—regardless of employment type, residency status, or financial background—have access to the mortgage products they need to achieve their dreams.
For more information about Family Mortgage and its home loan solutions, visit Family Mortgage or contact Branch Managers Dominic Alvarez and Ricardo Hernandez via email at [email protected] and [email protected].