You Built Your Business. Now Buy Your Home.
Most mortgage lenders want two years of tax returns. But if you are self-employed, your tax returns often show less income than you actually earn. That is by design. We have a better way.
Who This Is For
- Business owners and entrepreneurs with at least two years of self-employment history.
- 1099 contractors and commission-based earners.
- Seasonal workers and independent contractors.
- Borrowers whose tax returns understate their true income.
How You Can Qualify
12 or 24 Month Bank Statements
We use your actual deposits instead of tax returns. Personal or business bank statements both work. Qualify with up to 85 percent of deposits on business statements without needing a Profit and Loss statement. Minimum 10 percent down payment. Credit scores as low as 620.
Profit and Loss Statement Loan
If your bookkeeper or CPA prepares a P&L, we can use that to document your income. No tax returns required. This works well for borrowers whose business expenses are high on paper but whose actual cash flow tells a better story.
1099 Only
Commission-based income should not stop you from buying a home. We calculate your qualifying income directly from your 1099 earning statements. Loan amounts up to 3 million dollars. Minimum 20 percent down payment. Requires a minimum two-year self-employment history.
Other Ways to Qualify
Additional options include asset utilization, VOE only, and one-year self-employment programs. Every situation is different. Schedule a consultation and we will identify the right fit for your income type.
What to Expect
We start with a free 30-minute consultation to review your documents and get a clear picture of your qualifying income before anything else happens. No credit pull. No application fee. Just clarity on where you stand and what you can do.
All loan programs are subject to credit approval. Guidelines are subject to change. Program and other restrictions may apply. This is not a commitment to lend.