🏡 Real Closed File Review – Indiana

marketing928870
Nov 13, 2025
2 min read

Updated: Dec 30, 2025

At LJ Mortgage Team Inc., we love celebrating real success stories from hardworking clients across the country. This recent closing in Indiana proves that being self-employed doesn’t have to stand in the way of homeownership! — At **LJ Mortgage Team Inc.**, we love celebrating real success stories from hardworking clients across the country. This recent closing in **Indiana** proves that being self-employed doesn’t have to stand in the way of homeownership!

💼 Loan Snapshot

Loan Type: Non-QM 1099 Bank Statement Loan
Purchase Price: $410,000
Down Payment: 25%
Loan Amount: $307,500
Credit Score: 740
Income: $92,626 (verified through 24 months of bank statements)
Interest Rate: 5.99%
Monthly Payment (with Escrow): $2,266.64
Closing Costs: $17,657 (~4.31% of purchase price)

👷‍♂️ The Borrower’s Story

Our client, a 1099 independent contractor, came to us with strong income but without traditional W-2 documentation. Instead, they provided 24 months of personal and business bank statements to verify consistent deposits.

Thanks to our Non-QM (Non-Qualified Mortgage) programs, we were able to use those statements to calculate income and secure financing—no tax returns required!

📈 The Result

✅ Approved with a competitive 5.99% interest rate

✅ Smooth closing process

✅ Homeownership achieved with flexibility and transparency

This case is proof that your deposits can speak louder than your tax returns.

🏠 Why Choose LJ Mortgage Team?

Whether you’re a self-employed borrower, freelancer, or business owner, we offer flexible solutions designed around your financial picture:

1099 Income Loans
Bank Statement Programs
Investor & DSCR Loans
Purchase & Refinance Options

No W-2s? No problem — we help you qualify on your terms.

📞 Let’s Get You Home!

Contact LJ Mortgage Team Inc. today to explore your options.

📍 127-03 Rockaway Blvd, South Ozone Park, NY 11420

📞 (516) 218-1297

🌐 LJ Realty Team – Buy | Sell | Rent

Equal Housing Opportunity | NMLS #2120286

LJ Mortgage Team Inc. is a NYS Registered Mortgage Broker with the NYS Department of Financial Services. Broker arranges mortgage loans with third-party providers.

We do not make mortgage loan commitments or fund mortgage loans.

Licensed by the N.J. Department of Banking and Insurance.

www.nmlsconsumeraccess.org

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