Self-Employment Loan Options at a Glance
Not everyone fits into the same qualification box—and why should they?
For those who don’t meet the income requirements set by Fannie Mae and Freddie Mac, there are plenty of loan products available which allow you to represent your income in ways other than showing your tax returns or W-2s. This usually applies to the self-employed, but that’s not always the case. Program examples include:
- Bank statement programs
- Asset only
- Stated income
- Rental property cashflow
If you’re not sure which product might be right for you, we can help. Reach out and speak to a Mortgage Consultant today.
How a Self-Employment Loan Works
Non-Qualified Mortgages, or Non-QM loans, refer to those which don’t meet Fannie or Freddie guidelines. Non-QM loans can be an excellent option for those who are:
- Self-employed and don’t meet conforming loan criteria
- Buyers with high net worth and no income streams
- Real estate investors using future cash flow to qualify
- Foreign nationals
The Mortgage Hub offers the following loans with alternative income verification requirements. We also offer an ITIN loan product, which is ideal for Foreign Nationals who don’t have traditional documentation, such as a Social Security Number.
| Type of loan | Income verification |
| Bank statements | 12 to 24 months |
| Stated income | None required |
| Debt Service Coverage Ratio* | Property appraisal and rental survey |
| Asset depletion/utilization | Current assets |
| Trust income | Trust income documentation |
* investment properties only
We’re here to help. So if you’re not sure if this type of loan is right for you, call us at (888) 273-8734 or schedule a free consultation.
