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  • Writer's picturePeter Seroter

The Game-Changing Self-Employed Mortgage Programs You Need to Know

Are you self-employed and dreaming of owning your own home? Despite the challenges that self-employment can sometimes pose when it comes to traditional lending, there's good news on the horizon. As a seasoned mortgage broker, I'm excited to share some game-changing mortgage programs specifically designed for self-employed individuals like you.

In the past, self-employed borrowers have faced hurdles when trying to qualify for mortgages. Traditional lenders often require extensive documentation and may be hesitant to approve loans based on non-traditional income sources. However, times are changing, and so are mortgage lending practices.

As a broker with Barrett Financial Group, we offer a range of specialized programs tailored to the unique needs of self-employed borrowers. Let's take a closer look at some of the standout features of these programs:

1. Bank Statement Programs: Say goodbye to the hassle of providing tax returns. With our bank statement programs, you can qualify for a mortgage using 12 or 24 months of personal or business bank statements. This allows us to assess your income based on your cash flow rather than traditional income documentation.

2. Profit and Loss Statement (P&L) Programs: If you're a freelancer, contractor, or small business owner, our P&L programs could be the perfect solution for you. Instead of tax returns, we can use your profit and loss statements from the past 12 or 24 months to determine your income and eligibility for a mortgage.

3. 1099 Programs: Are you paid as an independent contractor and receive a 1099 form instead of a W-2? Our 1099 programs are designed to accommodate individuals with this type of income structure. We can use your 1099 forms to verify your income and help you qualify for a mortgage.

These specialized programs offer flexibility and accessibility for self-employed borrowers who may not fit into the traditional lending mold. Whether you're a freelance graphic designer, a small business owner, or a gig economy worker, we understand the unique challenges you face and are here to help you navigate the path to homeownership.

We believe that everyone deserves the opportunity to achieve their homeownership dreams, regardless of their employment status. Our team is dedicated to providing personalized guidance and support every step of the way.

If you're ready to take the next step towards owning your own home, we encourage you to reach out to us today. Let's discuss your unique situation and explore how our self-employed mortgage programs can help you turn your homeownership dreams into reality.

Don't let the challenges of self-employment stand in your way. With the right mortgage program and the support of a dedicated team, you can unlock the door to homeownership and embark on the next exciting chapter of your life.

Contact us today to learn more!

Peter Seroter

NMLS 997692


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