Self-Employed Loans
As a self-employed borrower, it can be challenging to qualify for a traditional loan. However, our self-employed loans are designed to make the process easier. We take into account your business income and expenses to help you qualify for a loan that fits your unique financial situation. There are a variety of ways we can qualify you, so schedule a time for a mortgage consultation.
Flexible qualification options:
- As little as 1 year of self-employment history.
- Can use 1099s, profit and loss statements, or bank statements to qualify.
- As little as 10% down.
Appointment
Unlocking Your Financial Potential Starts with a Conversation
Navigating the world of real estate financing can be complex. A personalized consultation with one of our specialists is the key to ensuring you’re fully aware of your financing options and making informed decisions to reach your goals.
- Personalized Assessment:
Our financing specialists begin by understanding your unique financial situation and real estate goals. This tailored approach ensures that the financing solution recommended aligns perfectly with your needs.
- Transparent Guidance:
No confusing industry jargon here. During the consultation, we break down complex concepts into clear, understandable terms. You’ll have a complete understanding of the mortgage process, rates, and terms.
- Customized Solutions:
Every borrower is different. Our specialists work to find the best possible mortgage solution for you, taking into account your financial goals, credit history, and current market conditions. We aim to make your homeownership journey as smooth and affordable as possible.
F. A. Q's
Frequently Asked Questions
Being your own boss brings many benefits, freedom, flexibility, and the satisfaction of building something from scratch, but it also presents a unique challenge when it comes to borrowing money. Lenders often consider self-employment to be high risk, making it difficult to secure financing. However, here are some questions that our self-employed loan clients often ask about our residential loans.
Absolutely! While the process might differ slightly from traditional salaried employment, self-employed individuals can still qualify for the residential loan if have at least 1 year of self-employment history, income consistency, and a good credit score.
You will be required to provide a 1-year self-employment history, profit & loss statement, or bank statements to qualify for our self-employment loan. The more you show, the stronger your case! Also, you will required to make a 10% down payment.
Similar to any other loan, your credit score plays a significant role in maximizing your chance of getting your self-employment loan. So, prioritize maintaining a good credit score to get the best deals.
Yes! Our self-employment loan, for instance, offers more flexible income verification requirements compared to conventional loans. We specialize in self-employed mortgage loans that require minimal documentation to qualify. We may even tailor your loan options based on your needs.
While minimum down payments vary, a larger down payment (often 20% or more) can strengthen your application. However, the minimum down payment requirement for our self-employment loan is 10%.