LOANS WITHOUT TAX RETURN REQUIREMENTSWe have many exciting loan products designed specifically for self-employed borrowers like you. You can purchase or refinance a home. Without providing a single tax return. SELF-EMPLOYED? CALL +1 321-239-2781
SELF-EMPLOYED BORROWERS DON’T FIT INSIDE THE BOX
Most traditional banks require full documentation of income, including tax returns, W2s and paychecks.
However, self-employed individuals typically don’t have W2s or paychecks. And, their tax returns generally don’t show steady, consistent income.
Self-employed borrowers also have trouble satisfying traditional underwriting guidelines when it comes to debt-to-income ratio (DTI) and credit score requirements.
WE HAVE OUTSIDE-THE-BOX CREATIVE PROGRAMS
We are not a traditional bank. As a mortgage broker with a network of creative, non-QM lenders, we have access to programs designed just for self-employed borrowers. No tax returns, W2s or paychecks required.
Not all roads to the closing table require tax returns. Here are some examples of the different paths you can take:
Bank Statements: You provide at least 12 months of personal or business bank statements. Your income is calculated from the deposits to your bank account.
Profit & Loss Statement: You provide a P&L covering at least the last 12 months. Some lenders will even accept a self-prepared P&L, as opposed to one prepared by a CPA.
CPA, Accountant, or Tax Preparer Letter: Perhaps most creative of all, you can qualify by simply providing a letter stating your title, ownership percentage, and business inception date. No statement of income required.
Contact us today to learn about these exciting programs.
Questions about loans for self-employed borrowers?
Earlier this month, we posted a video about the owner-occupied, no-ratio program. Are you willing to provide more...
Brace yourself. The owner-occupied, no-ratio program is back. This is truly exciting news -- we haven’t seen...
In this series of guides ("Lending in the Time of COVID-19"), we explore your mortgage loan options, despite the...
Send Us A Message