Mortgages for Self Employed Borrowers

Working for yourself has advantages, but getting a mortgage with a nontraditional income can be challenging. Typically for self employed borrowers tax returns are used to determine income but what do you do when your tax returns do not support the income you truly make? Don’t worry! When conventional methods of calculating your income does not work for you we have options!

We have the following programs specifically for Self Employed borrowers that have a lot of tax deductions and therefore on paper, the net income on their tax returns is too low to qualify for a traditional loan. On these programs Tax Returns are NOT required:

• Bank Statement program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. 
•  1099 loan program is perfect for someone who is self-employed or an Independent Contractor. 
• Profit& Loss program uses the business’s profit and loss statements to assess financial viability, allowing for a more flexible and tailored approach to lending.