Self-Employed Home Loans
Self- employed borrowers can often feel frustrated by the mortgage lending process. While it is different, it does not have to be frustrating. The key is working with experienced mortgage professionals who know the ins and outs of the different types of self-employed borrower programs.
Types of Programs
Conventional:With 2 years of tax returns, it is possible to qualify for conventional-conforming loans. These types of loans require the least amount down (purchases), give you the ability to borrow more (purchase or refi) at the most favorable rates and terms in the market. Tax returns are key! The Pros at Monsour Mortgage Pros know how to read tax returns and can get you answers quickly.
Alternative Documentation: We also know that self-employed borrowers are careful with their money and look for write-offs whenever possible, making it seem they are less desirable from a traditional tax returns/banking stand point. No fear, we have an answer for that with our Self-Employed Alternative Document programs. These programs allow us to prove you are credit worthy through non-traditional means. We could possibly use bank statements, 1099 forms or other documentation as means to qualify our self-employed clients.
Whether you a carpenter, insurance salesman, or own a transportation company…if you are self-employed, and have been in business for at least 2 years, chances are we can help you, without all the frustrations.