Today’s workforce has dramatically shifted to include more self-employed and freelance individuals. United Northern Mortgage Bankers, Ltd. is in step with today’s workplace with loan programs specifically designed to embrace the special circumstances of self-employed individuals.
Recently we introduced reductions in the amount of documentation self-employed borrowers are required to produce for Conventional loans. These programs also have less cumbersome consideration of income from second jobs.
Feel free to schedule a consultation with one of our licensed mortgage loan originators to hear more about our programs for self-employed individuals
Make sure your business maintains the proper licenses
Offer a large downpayment to reduce your monthly payments
Have a significant cash reserve
Prove your business presence
Take the time to get your finances and records in order
Personal and business bank accounts should be separated
Consider adding a co-borrower to the loan
Have access to past two tax returns
Try to decrease the amount of debt you possess
Increase your credit as much as possible