Self Employed Borrowers

Prior to the financial collapse several years ago, there were many loan programs to assist self-employed business owners obtain the financing for real estate commercial or residential properties. As a business owner, we understand that you personally sign for debt such as cars, credit cards and other loans that your business pays for and because of these expenses your tax return may not accurately report all your earnings properly. As business owners, we understand these issues and have programs that are exclusive for business owners like yourself. Below are some of the requirements and various income documentation strategies for lenders have developed loans by business owners and for business owners.

Self-Employment Requirements

Document Ownership in A Business for A Minimum Of A 2 Year Period
Business Phone Number and Address Must Be Verified Online, through a third party

Credit Requirements

620 Minimum Credit Score
No Bankruptcies, Foreclosures or Short Sales In the last 2 years

Down Payment Requirements

10% Minimum Down Payment Required With 720+ Credit Score
15% Minimum Down Payment Required With 660+ Credit Score
20% Minimum Down Payment Required with Under 660 Credit Score

Documentation Requirements

24 Months Business or Personal Bank Statements (All Pages Are Required)

Eligible Properties

Single Family Residential
Condominiums
Commercial Warehouse and Office Space
Multi-Family Residential

Loan Amounts

150,000.00 Minimum Loan
3,000,000.00 Maximum Loan Amount

All Loans Are Subject to Underwriting approval