Mortgage Financing Self Employed
As most people know, the mortgage market has been on a roller-coaster for the past few months.
For those who are self-employed, qualifying for a mortgage can often be a more challenging experience than their corporate-employed counterparts.
Dreading the hassle of searching for your personal and business tax returns in order to reﬁnance your home? Maybe you’re a Non-Permanent Resident Alien, and ﬁnd providing documentation difﬁcult. Perhaps you would just prefer not to disclose your income as it’s not truly reflective of what your net worth represents.
In many cases lots of self-employed people can not get approved for the best rates (or sometimes they don’t get approved at all) due to the expenses they write off on tax returns, despite great credit scores and money to put down.
For people who own their own business or are self-employed in Houston, two mortgage providers have just launched a great new program that qualifies people for mortgages based on net worth as shown by their bank statements in lieu of tax returns.
This program allows you can state your income and verify your assets, without income veriﬁcation and is a great alternative that will avoid “stated income” pricing.
Please contact me at if you’re interest in finding out more information about these mortgage financing self employed programs, or if you’d like recommendations for quality Houston area mortgage providers.