Pamela Madore Mortgage#289635
How To Get A Mortgage If You Are Self-Employed
The Secret? Bank statement Programs
Local Mortgage Broker
We live in an entrepreneurial age. The way to get ahead and to make money now more than ever it seems is to own your own business.
There are many advantages to owning your own business. Tax purposes being right up there at the top. Unfortunately, when it comes to buying a house that can be bad news.
A good accountant will write off every expense you can think of. From dinner at Sonic to a quick trip to the grocery store. We both probably know those aren’t business expenses but when you put them on your tax returns they are considered business expenses and it makes you look like you earn no money.
Well, great news! I have several different variations of bank statement programs that could easily work for you. When I say I have several I really mean a lot! You can be self-employed and get a mortgage!
Here are some of the guidelines.
- As little as 10% down payment
- Either 12 or 24 month bank statements
- Can be personal statements or business statements or a combination
- Credit scores as low as 500
- Existing or new construction (no mobile homes)