Self Employed Home Loans

Self-employed home loans, also known as "non-QM loans," are a type of mortgage designed for self-employed borrowers who may not meet the traditional lending requirements. These loans take into account a borrower's income, which may fluctuate and can be difficult to document. Self-employed home loans typically require a larger down payment and a higher credit score than traditional loans, but they offer more flexible qualification requirements.

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Self-employed borrowers may also need to provide additional documentation to prove their income, such as bank statements, profit and loss statements, and tax returns. Overall, self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.

Self Employed Loan Characteristics

1) Self-employed home loans are designed for borrowers who are self-employed or have irregular income

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2) Self-employed home loans typically require a larger down payment and higher credit score than traditional loans

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3) Borrowers may need to provide additional documentation to prove their income, such as bank statements, profit and loss statements, and tax returns

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4) These loans offer more flexible qualification requirements than traditional loans

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5) Self-employed home loans may have higher interest rates compared to traditional loans

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6) These loans can be used for various purposes, including purchasing a primary residence, a vacation home, or an investment property

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7) Self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.

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5) Self-employed home loans may have higher interest rates compared to traditional loans

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6) These loans can be used for various purposes, including purchasing a primary residence, a vacation home, or an investment property

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7) Self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.

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"I highly recommend Sheryl Nolan because she is amazing at what she does and the entire process of getting a new home loan was so easy. She made sure that every T was crossed and every dot dotted and actually found a mistake at closing that saved me $450! She has the knowledge and expertise to get things done! Sheryl helped me understand every charge on my loan and took great care to ensure I understand the entire process. You will never regret using Sheryl. She is amazing and the right person to use!

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Copyright ©2021 | Inside Edge Team

Licensed to Do Business | NMLS #957489


This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | NEXA Mortgage


Corporate | NMLS ID NMLS# 1660690

Corporate Address : 3100 W Ray Road #201 Office #209 Chandler, AZ 85226

Corporate NMLS NMLS# 1660690 | Company Website: https://nexamortgage.com

Copyright ©2021 | Inside Edge Team Licensed to Do Business | NMLS #957489

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply

Corporate | NMLS ID NMLS# 1660690

Corporate Address : 3100 W Ray Road #201 Office #209 Chandler, AZ 85226 https://nexamortgage.com