NMLS #2655806 · Element Mortgage · Equal Housing Lender · Licensed:
NMLS #2655806 Element Mortgage

David Michael

Mortgage Loan Officer

The right loan program isn't always the obvious one. I know the guidelines cold — so whether you're buying your first place or scaling an investment portfolio, you'll leave our first call knowing exactly where you stand.

Conventional, government & NonQM lending. Element Mortgage is a division of American Pacific Mortgage — company-licensed in 49 states.

14+
Loan programs
49
States available
100%
Every client gets a plan
3%
Down payment options
· ·
Sample Rates
30-Yr Fixed%
15-Yr Fixed%

Illustrative national averages as of . Contact David for your personalized rate and a full pre-approval.

01 / Residential Lending

Conventional & Government Loans

Standard programs for primary homes, second homes and investment properties.

Conventional

Conventional

Fannie Mae & Freddie Mac loans with flexible 10–30 year terms. As low as 3% down for qualifying buyers, and the best rates for strong credit.

3% min downFixed & ARM10–30 yr
FHA

FHA Loans

Government-backed loans accepting credit scores as low as 580 with 3.5% down. Ideal for first-time buyers or rebuilding credit.

580+ credit3.5% downFirst-time buyer
VA

VA Loans

Zero down for eligible veterans, active duty and surviving spouses. No PMI, competitive rates, no prepayment penalty. An honor to serve those who served.

0% downNo PMIVeterans
USDA

USDA Loans

100% financing for eligible rural and suburban areas. Low mortgage insurance and competitive fixed rates.

0% downRural & suburbanLow MI
Jumbo

Jumbo Loans

Financing above conforming limits for luxury properties, vacation homes and high-value primary residences at competitive rates.

High balanceLuxury homes2nd homes
Renovation

Renovation Loans

FHA 203(k) and HomeStyle loans finance the purchase plus renovation in a single loan. Buy the fixer-upper and roll in the rehab budget.

FHA 203(k)HomeStyleOne-time close
02 / NonQM Lending

Non-Traditional & NonQM Programs

Been told you don't qualify elsewhere? These programs are built for unique income, assets or situations — no tax returns required for most.

NonQM

Bank Statement Loans

Qualify using 12–24 months of bank statements instead of tax returns. Built for self-employed borrowers whose taxable income doesn't reflect actual earnings.

Self-employedNo tax returns12–24 mo
NonQM

DSCR Loans

Qualify on the property's cash flow, not your personal income. If the rent covers the payment, you generally qualify. Built for investors scaling a portfolio.

No income docsInvestorRental
NonQM

1099 Income

Qualify using 1–2 years of 1099s rather than full tax returns. Ideal for contractors, gig workers and commission earners whose write-offs lower taxable income.

1099 workersContractorsCommission
NonQM

WVOE — Verification of Employment

Qualify with a simple employer letter verifying income and employment — no tax returns. Great for complex tax situations or recent job changes.

Employer letterNo tax returnsSalaried/hourly
NonQM

Asset Depletion

Use liquid assets — savings, investments, retirement — as qualifying income. No job required. Ideal for retirees and high-net-worth borrowers.

Asset-basedNo job requiredRetirees
NonQM

Non-Warrantable Condos & More

Finance condos that don't meet conventional guidelines — investor-heavy buildings, litigation, short-term-rental exposure — plus no-income asset-based options.

STR-friendlyLitigation OKAsset-based
03 / Tools

Mortgage Calculator

Estimate your monthly payment. Contact David for your actual rate and a full pre-approval.

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Ready when you are

Whether you're ready to close in the next few weeks or need a few months to get there, you'll leave our first conversation knowing exactly what to do next.

Book a Free Strategy Call Read Reviews →
04 / Questions

Frequently Asked Questions

I lead with the guidelines. Instead of forcing your situation into two or three products, I structure the loan around how you actually earn and what the property is. That means fewer surprises in underwriting and a clear plan from day one — even if the plan is a few months of prep before you buy.

Often, yes. Many lenders carry only a handful of products and send a denial when you don't fit. I have 14+ programs including Bank Statement, DSCR, 1099, Asset Depletion and WVOE. If there's a path, we'll find it; if you need time to prepare, I'll build the roadmap.

A Debt Service Coverage Ratio loan qualifies on a property's rental income versus its payment — not your personal income. No W-2s, tax returns or pay stubs. It's built for investors with multiple properties, LLCs, or complex personal income. If the property cash flows, you likely qualify.

It uses 12–24 months of bank deposits to calculate income instead of tax returns. It's built for self-employed borrowers and business owners who write off expenses and show low taxable income. Your business may be thriving while your 1040 says otherwise — this program bridges that gap.

I'm personally licensed in . Element Mortgage, a division of American Pacific Mortgage, is licensed in 49 states — everywhere except New York — so if you're buying or refinancing outside my personal states, reach out and we'll route it correctly.

Absolutely. Bank Statement, 1099, WVOE and Asset Depletion programs are all designed for self-employed borrowers. Book a call and I'll match you to the right program and outline exactly what documents you'll need.