What is a Self Employed Home Loan?
Self-employed home loans are mortgages offered to individuals who own their own business and do not have proof of employment-based income. These loans require a significant amount of documentation and may not be as easy to qualify for as purchase loans, but they are the best option for homebuyers who don’t make their income through a traditional source.
Self Employed Home Loans VS. Non-QM Loans
Non-QM loans are an excellent option for those who may not be able to qualify for a qualified, conforming, or conventional loan that meets CFPB standards (including those sold or insured by Fannie Mae or Freddie Mac). These non-QM options are offered by lenders like us, who can help offer customized packages to fit your specific financial needs. With that said, Non-QM loans do follow regulatory guidelines and will always consider financial factors such as your cash flow, income, debt, and more.