Self-Employed & Non-Qualified Borrower Solutions

Self-employed individuals and non-traditional borrowers often face challenges meeting the documentation requirements for conventional mortgages. Our self-employed & non-qualified borrower solutions are crafted to address these unique needs, offering alternatives that consider income beyond tax returns or traditional W-2s. Whether you’re a freelancer, entrepreneur, or non-U.S. citizen, these solutions are designed to provide the financial flexibility you need to secure a mortgage. By using bank statements, ITIN numbers, or other financial documentation, we make homeownership accessible for clients with diverse income sources or documentation challenges.

Types:

• Bank Statement Loans: These loans are ideal for self-employed and 1099-only borrowers, using bank statements to verify income instead of relying on tax returns.
• ITIN Loans: Tailored for non-U.S. citizens, ITIN loans allow individuals without a Social Security Number to qualify for a mortgage based on alternative credit evaluations and income history.

Benefits:

• Simplified income documentation tailored for self-employed clients.
• Access to mortgage options without needing traditional income verification.
• Opportunities for non-U.S. citizens to achieve homeownership with alternative documentation.

FAQs:

1. What is required for a bank statement loan? Typically, borrowers provide 12-24 months of bank statements to verify consistent income, with minimum credit scores varying by lender.
   
2. Can non-US citizens get a mortgage?Yes, ITIN loans provide financing options for non-U.S. citizens who meet income and credit qualifications, even without a Social Security Number.
   
3. Are these loans more costly?Due to added risk, these loans may have slightly higher interest rates but offer essential flexibility for non-traditional borrowers.