Self-employed home buyers and those looking to refinance have the option to use personal or corporate bank statements as proof of income to qualify for a home loan. No tax returns are asked for or required for this type of loan program.

Types of self-employment allowed

  1. Company owners that own 25% or more of a business
  2. Independent contractors that receive a 1099
  • You must be able to provide business license, tax per-parer’s letter, or corporate paperwork as proof of self-employment

You will be able to use bank statements from a business account or your personal bank  account. The income will be the average of 24 months deposits if a personal account is used.

For business bank statements 50% of the average deposits are used.

The best thing is that you can use this program to purchase or refinance your primary residence and Jumbo loan amounts are allowed.

For investment or commercial properties we offer stated income and property cash flow loan loan programs.