Self Employed Home Loans
Self-employed home loans, also known as "non-QM loans," are a type of mortgage designed for self-employed borrowers who may not meet the traditional lending requirements. These loans take into account a borrower's income, which may fluctuate and can be difficult to document. Self-employed home loans typically require a larger down payment and a higher credit score than traditional loans, but they offer more flexible qualification requirements.
Self-employed borrowers may also need to provide additional documentation to prove their income, such as bank statements, profit and loss statements, and tax returns. Overall, self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.
Self Employed Loan Characteristics
1) Self-employed home loans are designed for borrowers who are self-employed or have irregular income
2) Self-employed home loans typically require a larger down payment and higher credit score than traditional loans
3) Borrowers may need to provide additional documentation to prove their income, such as bank statements, profit and loss statements, and tax returns
4) These loans offer more flexible qualification requirements than traditional loans
5) Self-employed home loans may have higher interest rates compared to traditional loans
6) These loans can be used for various purposes, including purchasing a primary residence, a vacation home, or an investment property
7) Self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.
5) Self-employed home loans may have higher interest rates compared to traditional loans
6) These loans can be used for various purposes, including purchasing a primary residence, a vacation home, or an investment property
7) Self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.
Client Review
"Extremely professional and diligent. We had several issues with the processing and Jeffery handled each one with lot of care and constantly communicated all the processes. Always available to answer any questions. We felt like a personal friend handling our case that is the level of service he brought to the table. Thank you Jeffery for the amazing experience and I hope to do more business with you and send in everyone I come across your way."
Ruben K.
"Jeffrey Singer was very professional and personable. I lost my dad this year and I am still recovering from a serious car accident. This is my first time every purchasing property so I had no clue about how this whole process worked. Jeffrey ensured I knew every step of this housing purchasing process. I asked a lot of questions and I had a great dear of fears and concerns that he elevated with sound and expert advise. He was very organized and paid attention to details of all the paperwork"
Rhonda F.
"Very good service."
— Atef A., Downey, California
Review originally published on Jeffrey Singer’s public mortgage review profile.
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Jeffrey Singer | Mortgage Loan Officer | NMLS #1390223
NEXA Lending | Corporate NMLS #1660690
This is not a commitment to lend or an offer to enter into an agreement. All loans are subject to credit, income, property and underwriting approval. Programs, rates and terms are subject to change without notice. Not all applicants will qualify.
Copyright ©2021 | The Singer Team
Licensed to Do Business in GA
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | NEXA Lending
Corporate | NMLS ID 1660690
Corporate Address : 5559 S Sossaman Rd, Bldg 1 Ste 101 Mesa, AZ 85212