What are personal loans for self-employed borrowers?

Personal loans for self-employed borrowers are installment loans that you pay off on a monthly basis or a certain period of time, often one to seven years. Lenders offer various loan amounts, often ranging from $1,000 to $50,000, though some lenders offer up to $100,000 or even $200,000. APRs often range from around 4% to 36%.

Can a self-employed borrower get a home loan?

It's possible to get approved for a home loan as a self-employed borrower, but you often have to take a few extra steps to prove your creditworthiness. To boost your chances, consider non-conforming loans and non-qualifying mortgage lenders or mortgage brokers who specialize in the self-employed.

How do I find the best mortgage lenders for self-employed people?

When searching for the best mortgage lenders for self-employed people, you may want to seek a loan officer who has experience underwriting a self-employment mortgage. These officers may fight harder for your approval and be able to explain your qualifications to the underwriting department.