Report post

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.

Can self-employed borrowers get a mortgage?

Getting a mortgage if you’re self-employed will require additional documentation to verify income. Lenders with experience working with self-employed borrowers can help the process go more smoothly. Strengthening your credit, debt-to-income ratio, and down payment can help you get the best mortgage terms.

What do Mortgage Lenders look for in a self-employed person?

Mortgage lenders look at self-employed individuals’ net income to determine whether they have enough to cover their mortgage. They examine year-to-year trends for the business's gross income, expenses, and taxable income. Mortgage companies also look for indications that income is steady or increasing over time.

The World's Leading Crypto Trading Platform

Get my welcome gifts