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Updated 2 months ago, 11/01/2024

User Stats

35
Posts
11
Votes
Donald Aleshire
  • Chicago, IL
11
Votes |
35
Posts

Owner occupied refinances - Retired / No W2 income

Donald Aleshire
  • Chicago, IL
Posted

Hello all, not sure if this the right location to pose this question, please let me know if there is a better category or location to post in. 

I have moved away from my W2 job and living off of investment income (rental + stock portfolio). AGI is roughly $100k per year + a range of $500 to $3k in rental cash flow per month. I have 2 three unit buildings in Chicago and owner occupy one of those buildings. The one I owner occupy I am looking to Refiance out of the 6.75% rate I have currently in the future.

I know conventional lenders require a W2 income to refinance. Does anyone have experience/recommendations of lenders who work with investors who have moved away from W2 income and can prove self sufficiency? 

Thanks in advance for any advice or suggestions. 

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