Learn the difference

Consumer vs. Business Purpose Loans

Consumer Purpose
Business Purpose
Overview
Financing for personal purposes. Owner-occupied and second homes.
Learn More
Financing for investment/rental properties that generate income.
Learn More
Occupancy Types
Primary and secondary homes
Investment homes
Documentation Types
12-month bank statements
P&L-only
1099-only
WVOE-only
Asset Utilization
W2
Tax Returns
Full Doc
DSCR/No Ratio
12-month bank statements
P&L-only
Asset Utilization
W2
Tax Returns
Full Doc
1099
WVOE
Time to Close
Closes faster than agency loans with no wait times
Close in as little as 3 business days with transferred appraisals
Consumer Purpose vs Business Purpose
Overview
Consumer Purpose
Financing for personal purposes. Typically owner-occupied and second homes.
Learn More
Business Purpose
Financing for investment/rental properties that generate income.
Learn More
Occupancy Types
Consumer Purpose
Primary and secondary homes
Business Purpose
Investment homes
Documentation Types
Consumer Purpose
12-month bank statements
P&L-only
1099-only
WVOE-only
Asset Utilization
W2
Tax Returns
Full Doc
Business Purpose
DSCR/No Ratio
12-month bank statements
P&L-only
Asset Utilization
W2
Tax Returns
Full Doc
1099
WVOE
Time to Close
Consumer Purpose
Closes faster than agency loans with no wait times
Business Purpose
Close in as little as 3 business days with transferred appraisals
Creating the dream of homeownership a reality

Consumer Purpose Loans

Are your borrowers CDFI eligible? Tap into a $1 trillion market of underserved borrowers and communities by accessing the CDFI fund through Champions Funding. Certified by the U.S. Department of the Treasury, the CDFI fund gives lenders the opportunity to expand homeownership in historically underserved markets.

Impact lives & spark economic growth with CDFI loans at Champions Funding. Learn More about CDFIs.

Expand your pool of potential borrowers by offering Non-QM loan products. Consider these anything but ordinary, non-traditional borrowers:
Self-employed borrowers
Small business owners
Gig-based workers
Online or cash-based business owners
Influencers, artists, vloggers
Looking for flexible financing solutions? Ditch the docs required with agency loans. Instead, find alternative documentation (Alt-Doc) solutions for creditworthy borrowers.
Alt-Doc loan programs include:
Bank statement
P & L
1099
Asset Utilization
WVOE
Consider this pathway to homeownership for those who earn income differently.
MORE FINANCING OPTIONS for real estate investors - with Less hassle

Business Purpose Loans

Qualifying investors with DSCR
No proof of personal income or employment verification is required to qualify for DSCR loans. A business purpose loan uses Debt Service Coverage Ratio (DSCR) as a key indicator to determine if there is enough cash flow to repay the debt. Learn more about DSCR.

Close Faster with Less Restrictions + Less Friction
We close business purpose loans in days, not weeks!  With no TRID disclosure requirements or mailing wait times, the CTC is closer than you think with a Non-QM loan at Champions Funding.
 
Discover the ways we help you race to the finish line with our frictionless process and access to our robust resources and support teams!

Become an Approved Broker

Champion your loan with the Champs of the Non-QM Market

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© 2025 All Rights Reserved. Equal Housing Opportunity. Champions Funding, LLC, 365 E. Germann Rd., Suite 140 Gilbert, AZ 85297. NMLS ID #2254210. For licensing, visit nmlsconsumeraccess.org. Information is solely intended for mortgage bankers, mortgage brokers, and financial institutions and is not an advertisement to extend credit directly to consumers.
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