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Have A Loan Product Ready For Self-Employed Borrowers!

Self-employed borrowers, including 1099 earners, can get a mortgage loan easily and quickly using bank statements instead of tax returns. The loan process is as easy as an Agency loan working with us and using our Bank Statement loan product. 

Why should you have access to a Bank Statement or 1099 Income product?
The population of self-employed and gig workers continues to increase. There are 18 million self-employed people in the U.S. according to the Department of Labor and Bureau Statistics. Based on a survey by Upwork, the population of gig workers totals around 59 million people. That’s a lot of potential borrowers! The population of self-employed continues to increase each year.

What are the benefits to you?
Referrals! Borrowers will tell their network of self-employed friends / clients and Realtors will seek you out when working with a self-employed homebuyer.

How easy is easy?
Easy! We qualify off either 12 or 24 months of bank statements. Our bank statement review team completely analyzes and calculates income for you letting you know upfront what we will use. We also accept 1099 earning statements. Turn times are typically less than 24 hours. These loans close quickly!

What should you do now?
Call us to go over a scenario or price it quickly

Bank Statement Highlights:

  • LTV as high as 90% with no MI
  • Credit scores down to 640
  • Four years seasoning for foreclosure, short sale, bankruptcy, deed-in-lieu
  • Two years self-employed required
  • Borrowers do not have to own 100% of the business