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Self-Employed Home Loans:
Your Income, Your Way

Tailor-made home financing for freelancers, entrepreneurs, and small business owners. Prove your income with bank statements, assets, or 1099s.

Fill out this form to Get Started

Which best describes you?

Self Employed

Self Employed

VA Eligible

VA Eligible

Real Estate Investor

Real Estate Investor

Other

Other

*We take your privacy seriously, this information will never be shared or distributed to third parties. By entering your information in this form, you consent to being contacted, even if you do not complete or submit the form.

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I need a Bank Statement loan

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I need a 1099 home loan.

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I need a DSCR home loan.

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I need a Bridge Loan.

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I need an ITIN home loan.

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I need an Asset Depletion loan.

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I need a Condotel loan.

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What are Loans for Self-Employed?

Loans for self-employed individualsare financial products designed to accommodate the unique income verification challenges faced by those who don't receive regular pay checks. These loansoften require alternative documentation, such as bank statements, tax returns,or profit and loss statements, to demonstrate income and financial stability.

Types of Non-QM Loans Available with Ameritrust

Tailored loan options for self-employed, fluctuating incomes, or unique credit needs.

Bank Statement Loans

Leverage your bank statements to demonstrate income and qualify for financing.

Income Verification:12 or 24 months of bank statements

Maximum Loan Amount:Up to $3.5 Million

Maximum DTI:50%

Loan Purposes:Purchase, rate/term refinance, cash-out refinance

Property Types:Primary residence, second home, investment property

Income Calculation:Based on average deposits over the statement period

Eligible Borrowers:Self-employed, freelancers, business owners

Additional Documentation:May include P&L statements, tax returns (if available), asset statements

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A bank statement loan is a mortgage option tailored for self-employed individuals, allowing them to verify income using personal or business bank statements instead of traditional documents like tax returns, W-2s, or paystubs.

This program is ideal for small business owners, independent contractors, or those who don't own 100% of their business.

Our Bank Statement program offers a loan solution for credit-worthy self-employed borrowers who might not qualify for a conventional home loan, helping them secure the financing they deserve.

Documentation Required for Self-Employed Loans

How To Get Started

Provide the past two years of tax returns and recent personal/business bank statements.

Include profit and loss statements and 1099 forms, if applicable.

Submit valid business licenses or permits to confirm legitimacy.

Ensure a strong credit score and complete the loan application with all required documents.

Factors to Consider When Applying for Self-Employed Loans

Several points to keep in mind for applying for Loan.

Credit Score:

A higher score increases your chances of approval.

Income Stability:

Lenders look for consistent income, even if it's not traditional.  

Debt-to-Income Ratio (DTI):

Keep your DTI low for better loan terms.

Business History:

Lenders may require a certain length of business operation.

Collateral:

Some loans may require collateral to secure the loan.

Interest Rates and Monthly Payments:

Compare rates from multiple lenders and estimate your monthly payments.

Pre-Approval & Approval Process:

Get pre-approved to strengthen your offer and understand the steps for final approval.

Refinancing:

Knowing when refinancing is right for you.

Tips for Securing Loans as a Self-Employed Individual

As a self-employed individual, its important to maintain accurate records and build a strong credit history. Take the time to compare offers from various lenders, especially those specializing in self-employed loans. Ensure you have all required documents ready and fully understand the loan terms before moving forward.

Benefits of UnderStanding Self-Employed Loans

Access & Flexibility

Funding for business, home purchases, or personal needs with options tailored to self-employed individuals.

Financial Planning

Provides better financial management and planning for various needs.

Home & Business Loans

Understand different loan types for home buying and business growth.

Real Estate Loans

Explore loan options specifically for real estate investors.

What are the Requirements of Home Purchase Loans?

Lender requirements vary, but common factors include:

  • Credit Score:

    A higher score generally means better interest rates.

  • Down Payment:

    The amount you pay upfront.

  • Income and Employment History:

    Proof of stable income.

  • Debt-to-Income Ratio (DTI):

    Your total debt compared to your income.

  • Asset Verification:

    Proof of savings and investments.

  • Property appraisal:

    An assessment of the value of the home.

  • Mortgage pre-approval:

    Getting pre-approved helps.

How Can we Help?

Relax and take comfort in knowing that our 24/7 support ensures you're never alone on your financial journey.

Get in touch with our Loan Agents at

714-814-2125

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714-814-2125

info@loanlockhomeloans.com

Address: 6 Hutton Centre Drive,Suite 1030, Santa Ana,CA92707

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