Loans that do not meet the borrower credit requirements of Fannie Mae and Freddie Mac are called Alt-A loans vs. ‘A’ paper conforming loans. Alt-A loans are offered to borrowers that may have recently filed for bankruptcy, foreclosure, or have had late payments on their credit reports. The purpose is to offer temporary financing to these applicants until they can qualify for conforming ‘A’ financing. The interest rates and programs vary, based upon many factors of the borrower’s financial situation and credit history. We accept banks statements for self-employed borrowers for Alt-A loans.