Self-Employed & Business Owners
Self-Employed & Bank Statement Loans
Strong cash flow, limited taxable income after write-offs. That is not a problem, it just needs the right program.
Overview
How I approach it.
A lot of self-employed borrowers and business owners earn well but show modest income on their tax returns after legitimate write-offs. Conventional guidelines read the tax return, so the answer is often “no” for a borrower who can comfortably afford the home.
Depending on the situation, I may qualify you using traditional tax returns, or alternative documentation such as personal or business bank statements. Bank statement loans let qualifying self-employed borrowers document income through the deposits on their statements, without using tax returns to calculate qualifying income.
Highlights
Self-Employed & Bank Statement at a glance.
No tax returns
Non-QM programs can qualify income without tax returns, W-2s or pay stubs.
Personal or business statements
Income documented through the deposits on your bank statements.
Multiple income sources
Several businesses or income streams can be worked into one file.
A core focus
Self-employed borrowers are one of the groups I specifically work with.
A recent closing in Pensacola
Clear to close a full week early.
A self-employed borrower with multiple income sources. Instead of W-2s, pay stubs or tax returns, I qualified the loan on bank statements and business ownership documents. Clear to close in three weeks, a full week early.
How It Runs
Six steps, with me in every one.
01Initial Conversation & Strategy
I start by understanding your goals, income, assets, credit profile, property, timeline, and anything unusual about the scenario.
02Application & Documentation
We complete your application and I gather the documentation I need to fully understand and evaluate the file.
03Shop Lenders & Programs
With the complete scenario in hand, I compare lenders, products, guidelines and pricing to find where the loan fits best.
04Pre-Approval & Loan Structuring
I determine the best financing strategy and structure the loan properly. This is more than just generating a pre-approval letter.
05Underwriting & Communication
I stay involved through the whole file, work through conditions and issues as they arise, and keep you and your agents informed.
06Clear to Close & Closing
I review the final figures with you, coordinate the remaining pieces, and get the loan across the finish line.
Specialties
Other borrowers I focus on.
Investor & DSCR Loans
Qualify on the property’s rental income and cash flow, including short-term rentals.
Learn more →First-Time Homebuyers
Low and no down payment options, assistance programs, and a plan before you shop.
Learn more →
