Self-Employed Home Loan 600 Credit Score
Self-employed borrowers with credit scores as low as 600 can access flexible home financing through our alt doc mortgage programs. These loans are tailored for business owners, freelancers, and entrepreneurs who may not qualify through traditional income verification.
12 Months Bank Statements – 90% LTV – 680 Credit Score
Go with our 12-Month Bank Statement Loan, which requires only one year of bank statements and employment verification. Borrowers with a 680 credit score can qualify for up to 90% LTV, while those with Non-Prime scores (620+) may still be eligible at slightly reduced LTVs.
This VOE Alt Doc program removes the need for tax returns, offering a simplified path to homeownership for self-employed individuals. Whether you’re a first-time buyer or looking to refinance, this solution provides flexibility without the hurdles of conventional loan requirements.
Super Jumbo Loan Amount Cash Out – $15,000,000
This lender also offers a super jumbo cash out refinance loan ($3,000,000 cash-in-hand). with alternative income documentation with loan amounts up to $15,000,000. This provides a flexible financing option for high-value properties and large loan amounts.
Cash Out LTVs and Credit Scores:
90% LTV – 700 Credit Score – $4,000,000
90% LTV – 680 Credit Score – $3,000,000
80% LTV – 660 Credit Score – $2,500,000
75% LTV – 640 Credit Score – $2,000,000
70% LTV – 620 Credit Score – $1,500,000
70% LTV – 620 Credit Score – $1,000,000
Self-Employment Verification of Employment Options:
Article of Incorporation/ Operating Agreement
CPA Letter or any Licensed Tax Professional
Internet Listing
Business License
Operating Agreement
12 Months and/or 24 Months Personal Bank Statement with Asset Depletion
Alternative Income Doc Options:
12 Months Personal Bank Statements
12 Months Business Bank Statements with 3 Months Business Bank Statements
Profit and Loss Statement: Borrower Prepared and Unaudited
Asset Depletion – in conjunction and or stand alone income source
Available Terms:
ARM 5/1
ARM 7/1
ARM 5/1 / 10 Year Interest Only rolls into 30 Year Fixed Market Price
ARM 7/1 / 10 Year Interest Only rolls into 30 Year Fixed Market Price
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.