ABOUT THIS EPISODE
Are you self-employed, making good money, but struggling to qualify for a mortgage?
You aren't alone.
Business owners, entrepreneurs, freelancers, independent contractors, and 1099 earners can sometimes run into challenges when applying for a traditional mortgage because the way their qualifying income is calculated may not reflect the full picture of their business cash flow.
But a traditional mortgage isn't necessarily the only option.
In this episode, I break down alternative mortgage options for self-employed borrowers, including bank statement loans, 1099 programs, P&L programs, and other non-QM mortgage solutions.
I'll explain what non-QM actually means, why these loans still require underwriting and documentation, and how working with a mortgage broker may provide access to additional lending options when a traditional bank's program isn't the right fit.
I also share a recent real-world example of a borrower we helped qualify to purchase a home using a 12-month bank statement loan program.
You'll learn why getting turned down by one lender doesn't necessarily mean you can't qualify for a mortgage—and why talking with a mortgage professional before you start shopping for homes can make such a big difference.
If you're self-employed and looking to buy a home or refinance, this episode will help you better understand the mortgage options that may be available.
Ready to explore your options?
Schedule a call with me using the link in the show notes.
https://tidycal.com/coachclarence/30-minute-mortgage-and-credit-consultation-strategy-call20251111195249
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