A Self-Employed Borrower Should Not Be A Challenge
Our Bank Statement program was created to help self-employed people purchase a home easily and quickly. After all, according to the Bureau of Labor Statistics, about 16 million Americans are self-employed accounting for 30% of all employees in the U.S. That’s a lot of potential homebuyers!
Tax returns are not required and buyers no longer have to own 100% of a business. These are a few reasons why our Bank Statement program is one of our most utilized loan solutions for self-employed people. These buyers may not have credit issues and oftentimes are interested in purchasing higher-priced homes. The only challenge is the income that is stated on their W-2s due to write-offs.
The solution is a Bank Statement loan that can be efficient and quick to close.
- Borrowers can own as little as 25% of the business with personal bank statements
- Borrowers can own as little as 50% of the business with business bank statements
- 1099 borrowers can qualify
- No tax returns required
- 12 or 24 months business and personal bank statements
- Loans up to $3 million
- 2 years self-employed required
We Are Here To Walk You Through The Process Every Step Of The Way!
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Angel Oak 2-1 Buydown!
Getting a mortgage while self-employed can be a challenge.
Angel Oak Mortgage Solutions LLC – NMLS ID #1160240 (NMLS Consumer Access). Corporate Address: 980 Hammond Drive, Suite 850,Atlanta, GA 30328. Licensed in AL#21875, AZ #0926930, AK #110480, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act License #4131346. Loans made or arranged pursuant to a California Financing Law License CFL License #60DBO-71208, CO Regulated by the Division of Real Estate, CT #ML-1160240, CT #MS-1160240, DE #019971, DC #MLB1160240, FL #MLD1156, GA#41747, HI #HI-1160240, HI #MS231, ID #MBL-2081160240, IL Residential Mortgage Licensee # MB.6761065, IN #24466, IA #2014-0070, KS #MC.0025339, KY #MC292246,LA, ME #1160240, MD #1160240, MI #FL0020868, MI #SR0020869, MN #MN-MO-1160240,MS #1160240, MO #1160240, MT #1160240, NE, NV #4450, NV #4597, NH #22446-MB,Licensed by the N.J. Department of Banking and Insurance, NM, NC #L-163234, ND#MB103396, OH #RM.501891.000, OK #ML011190, OR #ML-5316, OR #MS-19, PA #56598,RI #20173431LL, RI #20224352LS, SC #MLS-1160240, SD #1160240.ML, TN #118878, TN#163131, TX, UT, VA #MC-5830, WA #CL-1160240, WV #ML-36451, WI #1160240BA, WY#3229, WY #CL-4863.