This program is designed for self-employed borrowers who are unable to provide traditional income verification but have a proven 2-year history of managing their credit and finances responsibly. Eligible borrowers typically own a small size business for a minimum of two years, which can be confirmed via a third-party arms length document. In addition, the borrower is required to declare their annual income, which should be reasonable based on the industry, length of operation and type of business.

Acceptable loan purpose:

* Purchase, Purchase Plus Improvements
* Progress Advance
* Refinance for repayment of existing mortgage debt, home renovations, debt consolidation, or asset enhancement

Loan-to-value ratio limits:

* Purchase, Progress Advance: 90% LTV
* Refinance: 85% LTV

Eligible properties:

* Maximum 2 units where at least 1 unit must be occupied as the principal residence (we have programs for investment properties as well)
* Existing and new construction
* Readily marketable residential dwellings, located in markets with demonstrated ongoing re-sale demand
* Older homes (pre 1950) must have been substantially modernized and the estimated remaining property (economic) life must be at least 25 years

We have many programs for the Self Employed, so please contact us.