Self-employed borrowers with good credit who have trouble getting a mortgage financed through traditional lending channels or Government-Sponsored Enterprises don’t need to be written off from owning a home. Just because your client might have too many tax deductions or pay fluctuations, that doesn’t mean they can’t or shouldn’t own a home.
Our Non-QM Bank Statement Loan program allows self-employed borrowers to seek a home loan without showing net income on taxes or pay stubs. We look at their income over 12 or 24 months using personal or business bank statements, and if your client meets our criteria, they can get a mortgage loan with a competitive rate.
If you’d like to take a deeper dive into how Bank Statement loans can benefit your clients, click here.