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Today I’m talking with Dave Marzinke from Movement Mortgage about the self-employed loan
program. Because the mortgage space is expanding, a lot of our non-QM and alternative
documentation lenders have come back strong, and interest rates are very attractive for
self-employed borrowers.
With this program, you can use your bank statements instead of your tax returns to
qualify for a loan. We have had a lot of success with this program. It helps increase your
purchasing power as a self-employed individual since your tax returns don’t reflect your true
income from your business. We take a look at your overall deposits from your businesses to
determine your qualifying income so that we can qualify you for the self-employed loan program.
With as little as 10% down and no PMI, we can get you into a home with this program.
However, you do need to have two years of ownership of your business.
"Interest rates are very attractive for self-employed borrowers."
You can still take advantage of this program if your business is an LLC or corporation
and if the property isn’t a primary residence. A benefit of that is that we can take the title of
the home in the name of the business.
Movement Mortgage would love to talk to you more about your specific situation. If you need more
information or if you have any other questions, reach out to us by phone, text, or email. We’d love
to hear from you and help you in any way we can.
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