The Challenge
Buyer had a 690 FICO, $9k/mo gross self-employed income, and a 30% down payment available but no W-2s. Conventional and FHA channels could not underwrite the file.
RAW's Approach
- 1Underwrote on bank statements and 2 years of 1099s instead of W-2s.
- 2Structured a 7.99% / 25-year amortization with a 7-year balloon on a 2-acre Johnson County land-home package.
- 3Closed at a local title company with full TILA/RESPA documentation through an RMLO.
The Outcome
Buyer in the home in 21 days. Note seasoned 6+ months, now eligible for resale on RAW's note desk.
"Three banks said no. RAW closed me in three weeks."