Exciting Update: Expanded Self-Employed Guidelines
New Guidelines for Self-Employed Borrowers
We are now considering income for borrowers who have been self-employed for less than 2 years! This is a significant change that opens up new opportunities for many self-employed individuals who are looking to secure a mortgage.
Less Than 2 Years of Self-Employment
– If you have been self-employed for less than 2 years, your income can still be considered for a mortgage.
– To qualify, you need to provide documentation of a minimum of 2 years of employment history in the same line of work or a related profession. This ensures that you have a stable work history and relevant experience, even if your self-employment period is relatively short.
Less Than 1 Year of Self-Employment
– If you have been self-employed for less than 1 year, we offer a No Income Check Mortgage without having to verify how long someone is self-employed.
These expanded guidelines are designed to provide more flexibility and support for self-employed borrowers. We recognize that many self-employed individuals have strong, stable incomes and deserve the same opportunities as traditionally employed borrowers. By considering your employment history in the same or a related profession, we can better assess your financial stability and help you achieve your mortgage goals.
If you’re self-employed and interested in exploring your mortgage options, we’re here to help! Our team of experienced mortgage professionals is ready to guide you through the process and answer any questions you may have. Here’s what you can do next:
Contact Us
Reach out to our team to discuss your specific situation and learn more about how these new guidelines can benefit you.
any time.
