Mortgage Options When Self-Employed


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Getting a mortgage when you are self-employed can present some challenges but it’s not impossible! A big piece of getting a mortgage approval will depend upon your income. As a self-employed borrower, proving a steady flow of income or showing enough income, isn’t always easy.

Most traditional mortgage lenders only have loan programs that use tax returns as your income documentation. As a business owner, you know that these tax returns don’t always reflect your true income and fail to show your true ability to repay a loan. Non-traditional lenders, better known as Non-QM lenders such as First National Bank of America (FNBA), offer mortgage solutions that utilize alternative income documentation to get individuals approved. Alternative Income options include; bank statements, profit & loss statements, assets, or a combination and are a great options for self-employed individuals looking to get into a new home.  Non-QM lenders understand how to calculate your true earning potential and can make obtaining a mortgage a little easier!. Whether you have a SSN or an ITIN, FNBA has mortgage solutions to you finance a different way home. To learn more about our Self-Employed mortgage options, visit or reach out to one of loan experts today by calling 1-833-394-8404

Choosing the right lender that has mortgage options that fit your need is critical. Do your research and ask questions to help you make an informed decision. Be responsible and apply only for a mortgage that you can afford.