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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Licensed to Do Business | NMLS# 1072781


Julian A Nazario | NMLS #1072781 | Barrett Financial Group, L.L.C. | NMLS #181106 | 275 E Rivulon Blvd, Suite 200, Gilbert, AZ 85297 | AZ 0904774 | CA 60DBO-46052 & 41DBO-148702 Licensed by Dept. of Financial Protection & Innovation under the California Residential Mortgage Lending Act.

Loans made or arranged pursuant to a California Financing Law License | FL MLD1880 | MS 181106 | TN 204577 | TX view complaint policy at barrettfinancial.com/texas-complaint | Equal Housing Opportunity |

This is not a commitment to lend. All loans are subject to credit

Julian A Nazario | NMLS #1072781 | Barrett Financial Group, L.L.C. | NMLS #181106 | 275 E Rivulon Blvd, Suite 200, Gilbert, AZ 85297 | AZ 0904774 | CA 60DBO-46052 & 41DBO-148702 Licensed by Dept. of Financial Protection & Innovation under the California Residential Mortgage Lending Act.

Loans made or arranged pursuant to a California Financing Law License | FL MLD1880 | MS 181106 | TN 204577 | TX view complaint policy at barrettfinancial.com/texas-complaint | Equal Housing Opportunity | This is not a commitment to lend. All loans are subject to credit approval.


Link NMLS Consumer Access Portal here: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106