blogStated Income LoanSelf Employed Mortgage Loans

June 19, 2015by Darryl Bledsoe

Self Employed Mortgage Loans - For many years, getting a mortgage loan approval has been a barrier for self-employed business owners that declare low income on their tax returns and defer their income. Conventional mortgage lenders require tax returns and a proven history of stable income to qualify.

As of 2015, getting approved for mortgage loans for self employed business owners has never been easier. At, we make loan approval easy and convenient. We approved mortgage loan based on what borrowers stated, we do not based your qualification from tax return documents or income documents. Addition to quick approvals with few underwriting delays, stated self employed mortgage loan has high maximum loan limits of up to three millions dollars for property investment purchases or refinancing.

Requirements for Self Employed Mortgage Loans:

  • Have 30% down payment – To obtain a mortgage for self employed business owners, borrowers are required to have 30% down payment and 10% of that down payment can be gift funds from family members or friends.
  • FICO score of 600 – We only require a credit score of 600 or better to approve your self employed mortgage loans.
  • Loan more than $125,000 – The minimum loan amount for a stated loan is $125,000
  • The property is non-owner occupied – The majority of stated loans are for investor properties, with some exceptions for second homes.

Mortgage loans for self employed have interest rates that range from 7% to 9%.

Is Self Employed Mortgage Loan Right for You?

No doc loans make the most sense for those with lower FICO scores or do not have 2 years of income documents to qualify for regular full documents home loan. We pre-approve loan on the first call, and lock rate within 72 hours in most cases, once it is verified and there is 30% in reserves or in home equity and credit is verified.

We have approved and closed many self employed mortgage loans for borrowers who are looking to purchase, refinance, or invest in real estate with the ease of not providing income documents or tax returns.

We provided quick loan pre-approvals with hassle free of no income verification; call our mortgage loan agent today for your mortgage loan approval, (818) 987-2760

Self Employed Mortgage Loans
4.7 (94.29%) 7 votes