Mortgages for the Self-Employed
You've got this. We've got you.
Are you a self-employed individual or a business owner looking to secure a mortgage? I understand that the process can be a bit different for us, given the unique way we declare our earnings. But don't worry; I'm here to provide you with clear guidance and expert advice to help you find the best mortgage rates tailored to your specific situation.
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Finding the Right Mortgage for Your Business Income
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At -MortgagePal, I'm committed to connecting you with lending options that don't require the traditional third-party validation of income often needed for conventional mortgage applications. While these mortgages typically call for a minimum down payment of 35%, it's worth noting that, through specialized programs, you may qualify with as little as 10% down.
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What sets us apart is our commitment to offering you competitive rates, giving you an advantage in securing the best mortgage terms. A brief consultation with me could save you thousands, and our streamlined process is designed to save you both time and stress.
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But don't just take my word for it; our clients' overwhelmingly positive feedback speaks volumes, reflecting our unmatched service.
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Key Features of Specialized Mortgage Programs
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Here's an overview of what you can expect from these specialized mortgage programs:
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Available for both home purchases and refinances.
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Financing options extend up to 90% of the property's purchase price.
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Competitive mortgage rates are applicable.
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Please note that insurance premiums for these programs are slightly higher than standard premiums.
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Eligibility requirements are assessed on a case-by-case basis and may include factors such as maintaining a strong credit profile, a minimum of 2 years of Business-for-Self tenure, and a reasonable stated income.
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A minimum of 5% of your down payment must come from your own financial resources.
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Proof of no outstanding income taxes owed may be required.
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Additional criteria may apply, depending on your specific circumstances.
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Unlocking More Flexibility with a Larger Down Payment
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Opting for a larger down payment can significantly enhance your flexibility when it comes to mortgage options. Lenders may be more inclined to consider various aspects of your financial profile, including your source of income, self-employment history, and credit score. This can open up more opportunities for securing favorable terms and rates.
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Easy Access to Expert Guidance
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Getting in touch with me is a breeze. Reach out to me directly, initiate an online chat, or kickstart the process by using our straightforward online application. Your self-employed mortgage journey is in capable hands, and I'm here to make it as smooth and hassle-free as possible.