Have you been turned down for a home loan because you’re self-employed?
Our Bank Statement Mortgage Program was created for self-employed borrowers to purchase or refinance a home. Since tax returns are not required, this could be a great option for creditworthy self-employed homebuyers!
- Up to 90% LTV, no mortgage insurance
- 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 of self-employment required
- Up to 80% on second homes and investment properties
- Non-permanent residents allowed
- 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
- 40-year interest only available
