Mortgage for Self Employed. Minimal income verification. Stated income.
September 27, 2022 | Posted by: Alex Vinarski
Stated income program for self employed. No traditional income verification. Special programs for self employed borrowers who can't show high income on tax return. We only need to see business registration and 3-6 month bank statements showing deposits from the business. Lender will use stated income. No tax return required. Commission income and tips used for income as well. Minimum down payment 20%. This program works for purchase and refinancing. Rental and owner occupied properties are OK. Clients with bad credit also can get a mortgage under this program. Fully stated income without any income documents also available at slightly higher rates and 35% down payment.