This may be a good fit if...
- You own a business and need an alternative way to document income.
- A prepared profit and loss statement gives a clearer picture of current business performance.
- You want to compare Non-QM and self-employed mortgage options.
Who it may not be ideal for
- Your income is easily documented with W-2s, pay stubs, and tax returns.
- Your business financials are not current or organized.
- A standard conventional, FHA, VA, or jumbo program is a better fit.
Common documentation needed
- Government-issued photo ID
- Prepared profit and loss statement
- Business bank statements or supporting business records
- Proof of business ownership or self-employment
- Asset documentation and property details
Important disclaimer
Loan approvals are subject to credit approval, underwriting guidelines, property approval, and program requirements. Not all applicants will qualify.