SELF EMPLOYED MORTGAGE
SELF EMPLOYED MORTGAGE GUIDELINES
Primary Residence, Second Homes and Investment Properties
Purchase, Rate/Term and Cash-Out Refinance
- Fico score starts at 620
- $250k to $15+ Million
- SFR, Condos, 1-4 Units
- ARM’s and Fixed Loans
- No Reserve Requirements
- No Mortgage Insurance
- No Pre-Payment Penalty
- No P&L Required
- Max DTI allowed is 50%
- No Tax Returns Required
- No Pay-Stubs or W-2
OUR SELF EMPLOYED MORTGAGE PROGRAM WAS THE ANSWER FOR THESE BORROWER'S
I’m an IT consultant and my income depends on generating new corporate contracts. However, this can lead to income inconsistencies throughout the year. We were glad Mortgage Wholesale had a Self Employed Mortgage program for us to qualify for a home purchase.
As a Realtor, I buy investment properties on a regular basis. Big banks simply don’t work for me since I’m self employed and can’t use my tax returns to qualify, so I rely on Mortgage Wholesale to get my loans completed.
I’m currently building a private medical practice and I have too many tax deductions with building my business and now we’re expanding to several locations. I make great income! However, using my tax returns to qualify for a mortgage is useless. This “Self Employed Mortgage” program with Mortgage Wholesale was the answer for me.
I’m a self employed building contractor. My income varies throughout the year. I usually don’t get paid until my projects sell which can be every 90-120 days. Mortgage Wholesale has excellent programs for me.
I work on commission and don’t bring home a regular paycheck. This loan is a perfect fit because I have money saved and can now begin looking to buy rather than rent because of this program.
I’m a farmer and my income is seasonal. I operate a successful business and have found traditional banks unwilling to work with me. The Self Employed Mortgage is the answer for my situation.