Alternative Income Verification
Alternative Income Calculator
Qualify for financing with flexible income verification when traditional lending doesn't fit your situation.
Alternative Income Analysis
Property Information
20.0% down payment
Annual Income Sources
Current Debts
Credit Profile
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Financing Summary
Loan Amount
$680,000
80.0% LTV
Interest Rate
9.25%
Starting rate 8.50% + risk adjustments (est.)
Monthly Payment
$5,242
Interest-only
Term
1 Year
Typical private term (renewable)
Income Analysis
Total Gross Income:$215,000
Adjusted Rental Income (75%):$27,000
Self-Employed (as declared):$80,000
Est. Monthly Debt Payments (3% of balances):$1,500
Qualifying Income:$206,000
Estimated Cost of Borrowing
Lender Fee (est. 2%):$13,600
Broker Fee (est. 1%):$6,800
Interest, First Year:$62,900
Effective First-Year Cost:12.25%
Fees vary by lender and deal (lender fees typically 1–3%); legal and appraisal costs are extra. Plan an exit (refinance to a B or A lender, or sale) before the term ends.
Qualification Ratios
GDS Ratio
30.5%
Max: 50% (private) • P&I only
TDS Ratio
39.3%
Max: 60% (private)
Risk Profile
Medium Risk Profile
Rate: 9.25% | LTV: 80.0% | Credit: 650
Qualifies for Private Lending
Alternative income documentation accepted with flexible qualification criteria
Private Lending Advantages
- Flexible income verification (stated income accepted)
- Self-employed and commission income considered
- Faster approval process (7-14 days)
- Higher debt-to-income ratios accepted
- Credit challenges considered case-by-case