Self Employed Loans
Getting a mortgage and self employed? We're experts at reviewing options for business owners.
What kind of mortgages are available to self employed borrowers?
Qualifying for a mortgage as a self employed borrower can be a bit different than having a standard W2/paystub job and not all lenders are fully versed in reviewing options. For the best rates, lenders will qualify based on tax returns and the income reported to the IRS but there are many other alternative options
Qualifying as a Business Owner, 1099 Contractor, or Business Partner
Qualifying as a Business Owner, 1099 Contractor, or Business Partner
Mortgage Options for Self Employer Borrowers
Mortgage Options for Self Employer Borrowers
Conventional Loans have the best rates and use tax returns primarily to qualify borrowers. Typically requiring 12-24 month history.
Conventional Loans have the best rates and use tax returns primarily to qualify borrowers. Typically requiring 12-24 month history.
Bank Statement loans have higher rates but look at the revenue and deposits on bank statement to help determine income which can be more lenient.
Bank Statement loans have higher rates but look at the revenue and deposits on bank statement to help determine income which can be more lenient.
A couple other self employed options include P&L loans & 1099 loans.
A couple other self employed options include P&L loans & 1099 loans.
We also have some true no income loans which have the highest rates/fees.
We also have some true no income loans which have the highest rates/fees.
Evan and his team were quick, efficient, and communicative throughout my refinance. Highly recommend Modern Home Lending to any future or current home owner!
Dylan Lesan
1.
Tailored Mortgage Assessment
Request a custom analysis for your situation
2.
Preapproval
We’ll send details on your pre-approval along with different loan options comparing rates and approval amounts.
3.
Select Your Ideal Mortgage Solution
Review the different options to see what makes sense for you
4.
Close in Under 30 Days
We start the loan process and close in well under 30 days (on average)
1.
Tailored Mortgage Assessment
Request a custom analysis for your situation
2.
Preapproval
We’ll send details on your pre-approval along with different loan options comparing rates and approval amounts.
3.
Select Your Ideal Mortgage Solution
Review the different options to see what makes sense for you
4.
Close in Under 30 Days
We start the loan process and close in well under 30 days (on average)
1.
Tailored Mortgage Assessment
Request a custom analysis for your situation
2.
Preapproval
We’ll send details on your pre-approval along with different loan options comparing rates and approval amounts.
3.
Select Your Ideal Mortgage Solution
Review the different options to see what makes sense for you
4.
Close in Under 30 Days
We start the loan process and close in well under 30 days (on average)
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Get a No-Cost Quote in
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Modern Lending, LLC DBA Modern Home Lending
NMLS#1738930 | AZMB#0947744 | CO#1738930
| GA#1738930 | FL#MBR4862
Reach out to us
4250 N Drinkwater Blvd #300
Scottsdale, AZ 85251
info@modernhomelending.com
© 2023 Mordern home lending All Rights Reserved.
Mortgage Broker only, not a Mortgage Lender or Mortgage Correspondent Lender.
If you would like additional assistance or have accessibility concerns, please contact info@modernhomelending.com
Modern Lending, LLC DBA Modern Home Lending
NMLS#1738930 | AZMB#0947744 |
CO#1738930 | GA#1738930 |
FL#MBR4862
Reach out to us
4250 N Drinkwater Blvd #300 Scottsdale, AZ 85251
info@modernhomelending.com
© 2023 Mordern home lending All Rights Reserved.
Mortgage Broker only, not a Mortgage Lender or Mortgage Correspondent Lender.
If you would like additional assistance or have accessibility concerns, please contact info@modernhomelending.com
Modern Lending, LLC DBA Modern Home Lending
NMLS#1738930 | AZMB#0947744 |
CO#1738930 | GA#1738930 |
FL#MBR4862
© 2023 Modern Home Lending. All Rights Reserved.
Mortgage Broker only, not a Mortgage Lender or Mortgage Correspondent Lender.
If you would like additional assistance or have accessibility concerns, please contact info@modernhomelending.com