Self Employed Loans
Our loans for the self employed are designed for not only the self employed but for any non-W2 wage earner. In addition to the self employed, this also includes retirees, investors, salespeople, persons receiving all or a portion of their income in cash such as tip income.
Advantages of a Self Employed Loan
- No need for expensive personal financial statements.
- Reduced paperwork
- Qualify for a larger loan than indicated by tax returns. This is because the self employed are able to deduct many expenses which reduce their taxable income. If loan qualification was based on their business income, they would qualify for less of a mortgage even though their true cash flow would permit a much larger loan.