Expanded Income Loans

Every now and then a client comes along with income that’s difficult to prove or who needs some expanded criteria to help qualify. Preferred Rate has loan programs that open the door to borrowers who need access to financing but don’t fit the standard agency or jumbo program guidelines.

Product highlights

For self-employed borrowers, Alternative income documentation accepted
For self-employed borrowers, 12–24 months bank statements eligible and/or 12–24 months P&L or 1099 income accepted
Asset depletion qualifying available
Loan amounts up to $4,000,000
Up to 90% LTV for primary residence
Up to 85% LTV for second homes
Interest-only options available

Borrower advantages

Alternative ways to calculate income—such as bank statements, P&L, 1099, WVOE, asset depletion
Loan amounts as high as $4,000,000
Unlimited properties allowed
Multiple options for various credit score scenarios

Realtor advantages

In-house delegation means we control the transaction end-toend to close on time
Expand the inventory of options available by providing your buyer the most flexibility for maximum jumbo loan amounts and cash-out financing

What Clients Say About Us

“Daniel was great! Very efficient and very friendly. He always got back to us in a timely manner and always called us to explain things rather than just texting. Very personable guy! Very quick as well! We closed 2 weeks sooner than expected. I cannot say enough nice things about preferred rate, I definitely recommend them to everyone!”

Megan H

“I cannot put into words how amazing Dan and his team were during this whole process. They consistently went above and beyond to ensure I was fully taken care of. Not working with a realtor was a bad call on my part, but Dan was there every step; and a few bumps, offering unbiased advice and making sure I was taken care of. This momma and her girl tribe finally have a place of their own to call home; I am so thankful for Dan and his team!”

Savannah C

“This is my second home purchase using Dan. He is great to work with, he explains everything and is always there to answer any questions.

Update: When rates dropped early October 2025, Dan reached out to let me know and we knocked the refinance quickly. Dan is also always quick to answer questions no matter time or day of the week. No one else I’d rather do business with.”

Nate W

“We don’t have enough good things to say about Bihn Group! We tried to buy a house years ago and were consistently disappointed, houses sold out from under us, etc. so we gave up! We reached out to Dan this time around and he was so efficient and kind about everything! He answered all of our questions with honesty and we were so lucky to find our dream house as quickly as we did. Our son hasn’t stopped running around in our yard since we moved in! Thank you, Dan and Bihn Group for helping us achieve this goal in life!”

Taylor S

“Thank you for making a dream a reality. For years my husband, kids and I would talk about the perfect house we would have one day. It’s easy to find a house but difficult to get the keys and even more difficult to tell your kids this one didn’t work out. Dan, thank you for directing and clearing the path to our new home. We are extremely grateful!”

The McCulley’s