- teamsteenstra@nafinc.com
- (508) 685-2716
Cape Cod's Local Mortgage Team • NMLS #21548
Business owners, freelancers, and 1099 earners often write off enough expenses that their tax returns don’t reflect their true income — which can make traditional mortgage approval difficult. Eric Steenstra specializes in self-employed and non-traditional income lending so your tax strategy doesn’t cost you a mortgage.
Bank Statement Loans — Qualify using 12–24 months of business or personal bank statements instead of tax returns.
1099 Income Programs — Qualify using 1099 earnings for contractors and gig-economy workers.
Asset-Based / Asset Depletion — Qualify using liquid assets when income documentation alone doesn’t tell the full story.
Traditional Self-Employed (Full Doc) — For borrowers who prefer to qualify with tax returns and P&L statements.
He Understands Complex Income — A former Series 7 financial advisor, Eric reads P&Ls and bank statements the way an underwriter does, and flags issues before they become problems.
Full Menu of Programs — Bank-statement, 1099, and asset-based options through New American Funding, matched to your actual documentation.
Local Cape Cod Knowledge — Many self-employed clients on Cape Cod run seasonal or tourism-driven businesses; Eric knows how to document seasonal income correctly.
Straight Talk — You’ll know exactly what documentation is needed up front, not three weeks into underwriting.
Business owners and independent contractors, real estate investors and landlords, gig-economy and 1099 workers, and seasonal Cape Cod business owners (charter captains, contractors, hospitality, retail) whose income varies month to month.
How many years of self-employment do I need? Most programs look for at least two years, though some bank-statement programs allow as little as one year with strong compensating factors.
Will write-offs hurt my approval? Not with the right program — bank-statement and asset-based loans are designed specifically to avoid penalizing you for tax deductions.
Can seasonal income qualify? Yes. Eric will document seasonal or fluctuating income using averaging and reserve strategies appropriate to your business.
Do these programs cost more? Non-traditional documentation programs can carry different pricing than full-doc loans; Eric will show you the tradeoffs so you can choose what’s right for you.
