Use the scenario finder to prepare a review
Enter a truthful general scenario using the income records you actually have, intended occupancy, financing purpose, property state and approximate loan amount. The finder screens possible categories; it does not verify a borrower’s documents or issue an approval. A result should lead to a discussion of the evidence and conditions, not be presented as a commitment.
Different documentation choices use different calculations. Bank-statement review examines permitted deposits and the applicable expense method. A 1099 or profit-and-loss approach has its own rules for receipts, expenses and history. Asset-based qualification considers eligible assets and the amounts already needed for closing. Written employment verification concerns eligible wage or salary evidence. None of those methods should be described as no-document lending.
An investor DSCR scenario uses accepted property rent and a defined housing payment rather than simply choosing the largest income number available. Personal-income qualification and DSCR are different paths, so answer the occupancy and documentation questions consistently. A home you intend to live in should not be entered as a rental investment to obtain a different screening result.