How to Get a Self-Employed Home Loan?

Have an understanding on how a Non-QM comes together in terms of best positioning yourself with the information you need before applying with a conditional lave an understanding on how a Non-QM comes together in terms of best positioning yourself with the information you need before applying with a conditional lender.

How to Secure a Mortgage as a Self-Employed Borrower

Navigating the mortgage process as a self-employed borrower can be challenging, but with the right guidance, it’s entirely achievable.

Unlike traditional home loans, Non-QM (non-qualified mortgage) lending offers flexible options tailored for entrepreneurs, freelancers, and business owners. A trusted mortgage broker service can help you compile the necessary documents and position your financial profile effectively for approval for the best possible terms, pricing, and approval conditions.

To maximize your chances of success, understanding how Non-QM loans work is essential. These loans assess alternative financial indicators, such as bank statements, assets, or cash flow, rather than traditional tax returns. Partnering with an experienced broker ensures you’re matched with a conditional lender who specializes in accommodating unique income structures.

Ready to explore your options? Aligning with a skilled mortgage broker service for self-employed borrowers ensures a streamlined process, giving you the tools to secure your dream home with confidence.

Self-Employed Questionnaire

Business information required (broker lender submission) to Properly Analyze Bank Statements

* Business Type: (product or service or both) If Other, please describe here:

Provide details of how income is generated:

* Where do you conduct business: Office, Plant, Residence?

* More than one physical site? If Yes, how many?

* What percentage of your business do you own?

If less than 100%, who owns the remaining portion and what percentage?

* How many people do you have employed

* * Full Time:

* * Part Time:

* * Contractors:

* Full Time Payroll:

* Part Time Payroll:

* Contractor Payroll:

* Total Monthly Payroll Expense:

* Do you manufacture a product, such that you have a cost of goods sold for the product you ultimately sell?

* Estimate for monthly Cost of goods sold: Do you buy and then resell a product?

Provide any additional business expenses not listed above: (Excluding Rent / Payroll / COG Sold)

How has Covid-19 affected your business?

Is there anything else you can tell us about your business that is important for us to know as we review your bank statements, including sources of deposits and withdrawals?