PROGRAMS

POTENTIAL PROGRAM OPTIONS

01

Bank Statement Loans

A man is sitting on a couch using a laptop computer.
  • Designed for self-employed individuals who might not qualify under traditional loan programs due to the way they report income and expenses.
  • Income is verified through 12 to 24 months of bank statements instead of traditional income documentation.
FIND A LENDER

02

Non-Qualified Mortgage (Non-QM) Loans

  • These loans do not meet the standards for qualification under the Consumer Financial Protection Bureau but are ideal for self-employed individuals with non-traditional income streams.
  • Lenders may use alternative methods to verify income, such as asset depletion loans or profit and loss statements from the borrower’s business.
FIND A LENDER
A large house with a concrete driveway in front of it.

03

Asset Depletion Loans

A woman is sitting at a desk using a laptop computer.
  • Income is calculated based on the borrower’s liquid assets divided over a certain period.
  • Suitable for self-employed borrowers who may not show a consistent income stream but have significant assets.
FIND A LENDER

04

Interest-Only Loans

  • Borrowers pay only the interest on the loan for a set period, after which they start paying both interest and principal.
  • This can be beneficial for self-employed individuals during periods when income might be lower, allowing more flexibility.
FIND A LENDER
A large house with a lot of windows and a garage on a rainy day.

05

Standard Conventional Loans

A living room with a brick wall , chairs , a table and a record player.
  • Typically require proof of income through tax returns and bank statements.
  • Might require a higher down payment and good credit score but offer competitive interest rates.
FIND A LENDER

06

FHA Loans

  • Backed by the Federal Housing Administration and known for lower down payment requirements (as low as 3.5%) and more lenient credit criteria.
  • Self-employed borrowers need to provide at least two years of tax returns to qualify.
FIND A LENDER
A living room with a couch , table , and potted plants.

07

VA Loans

A man in a hat is saluting in front of an american flag.
  • Available to veterans, active-duty service members, and certain members of the National Guard and Reserves.
  • No down payment required and no private mortgage insurance (PMI). Self-employed veterans must still provide tax returns and other documentation to prove stable income.
FIND A LENDER

08

USDA Loans

  • Aimed at rural home buyers, these loans offer no down payment, but properties must be located in eligible rural areas as defined by the USDA.
  • Self-employed applicants need to demonstrate income stability through tax returns.

FIND A LENDER
There are two chairs and a table on the porch.
Share by: