Self-employed borrowers can have a challenging time qualifying for a traditional home loan. But you do not have to worry about there not being a program available to help you qualify for a mortgage. Bank Statement programs are designed specifically for those who do not have the tax documents, W-2’s, or adequate proof of income that clearly indicates their ability to pay. The home that seemed out of reach can now be a reality!
• Up to 90% LTV, No MI
• Credit scores starting at 640
• Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
• No tax returns required
• Loans up to $3 million
• Two years self-employed required
• 1099 option available
• Purchase and cash-out or rate-term refinance
• 12- or 24-months business bank statements
(must own at least 50% of the business)
• 12- or 24 months personal bank statements
(must own at least 25% of the business)
• Owner-occupied, second homes and non-owner occupied
