AUSTIN, TX / ACCESS Newswire / October 28, 2026 / LendFriend Mortgage, an Austin-based mortgage broker, is helping borrowers with complex income qualify for home financing in a high mortgage rate environment through non-QM loan programs, including bank statement and asset depletion loans. The company serves borrowers across multiple U.S. markets, with a focus on high-value areas such as McLean, VA; Avalon, NJ; and Boca Raton, FL, where complex income can make traditional mortgage qualification challenging.
Non-QM loans are specialty mortgages for borrowers whose income, assets, property, or financing goals do not fit standard mortgage guidelines. LendFriend Mortgage works with more than 40 wholesale lenders, which allows the firm to compare loan programs across lenders instead of placing borrowers in a single lender's products.
For self-employed borrowers, business owners, and 1099 earners, bank statement loans offer one way to qualify without relying solely on W-2s or tax returns. Lenders review the deposits, remove non-income transactions, and apply an expense factor to calculate qualifying income. LendFriend also offers jumbo bank statement loans up to $7 million and can preapprove qualified borrowers in as little as 24 hours.
A recent scenario in Boca Raton, FL illustrates how this approach can help borrowers whose tax returns understate their business cash flow. The borrower owned a lead generation and ad media company earning roughly $1.4 million annually, but business write-offs made tax-return income appear minimal. LendFriend Mortgage qualified the borrower through a 24-month bank statement loan based on business deposits, enabling the purchase of a $2.25 million home with a $1.75 million mortgage.
For borrowers whose wealth comes primarily from investments and other assets rather than regular employment income, asset depletion loans offer another path to qualification. The lenders convert eligible assets, including cash, brokerage accounts, stocks, crypto (Ethereum and Bitcoin), bonds, and retirement funds, into monthly qualifying income. LendFriend offers asset depletion loans up to $10 million. Retirees, executives, investors, and business owners who hold proceeds after a liquidity event commonly use the program.
These financing options are available across LendFriend Mortgage's licensed markets, including Virginia, New Jersey, and Florida, among the 18 states where the company operates. In Virginia, the firm serves borrowers in McLean and across Northern Virginia. In New Jersey, asset depletion financing is available for high-value primary residences and second homes from North Jersey to the coast, including Avalon. In Florida, bank statement financing is available for primary residences, second homes, and higher-value properties.
LendFriend's work with complex-income borrowers extends beyond identifying a loan program. Most clients close in three to four weeks, while qualified borrowers may close in as little as 14 days. Eric Bernstein, president and co-founder, built LendFriend Mortgage around helping borrowers find a path forward when a bank says no. The firm works with borrowers who have been denied late in a home purchase, self-employed owners whose tax returns understate cash flow, and high-net-worth buyers with limited traditional income.
About LendFriend Mortgage
LendFriend Mortgage is a licensed mortgage broker headquartered in Austin, Texas. It works with more than 40 wholesale lenders to offer conventional, jumbo and non-QM programs, including bank statement, asset depletion, DSCR and RSU mortgages. LendFriend Mortgage LLC is licensed in CA, CO, CT, GA, FL, ID, IL, MD, MI, NC, NH, NJ, OH, OR, SC, TN, TX and VA. NMLS 2508873.
Address: 600 Congress Ave., Office 15092, Austin, TX 78701
Media Contact Details
LendFriend Mortgage
contact@lendfriendmtg.com
512-881-5099
https://www.lendfriendmtg.com/
SOURCE: LendFriend Mortgage
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