Self Employed Home Loans
Self-employed home loans, also known as "non-QM loans," are a type of mortgage designed for self-employed borrowers who may not meet the traditional lending requirements. These loans take into account a borrower's income, which may fluctuate and can be difficult to document. Self-employed home loans typically require a larger down payment and a higher credit score than traditional loans, but they offer more flexible qualification requirements.
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Self-employed borrowers may also need to provide additional documentation to prove their income, such as bank statements, profit and loss statements, and tax returns. Overall, self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.
Self Employed Loan Characteristics
1) Self-employed home loans are designed for borrowers who are self-employed or have irregular income
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2) Self-employed home loans typically require a larger down payment and higher credit score than traditional loans
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3) Borrowers may need to provide additional documentation to prove their income, such as bank statements, profit and loss statements, and tax returns
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4) These loans offer more flexible qualification requirements than traditional loans
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5) Self-employed home loans may have higher interest rates compared to traditional loans
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6) These loans can be used for various purposes, including purchasing a primary residence, a vacation home, or an investment property
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7) Self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.
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5) Self-employed home loans may have higher interest rates compared to traditional loans
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6) These loans can be used for various purposes, including purchasing a primary residence, a vacation home, or an investment property
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7) Self-employed home loans provide an option for entrepreneurs and freelancers to achieve homeownership, even if they don't meet the traditional lending requirements.
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Jonathan goes the extra mile and then some to walk you through the journey of purchasing a home. Pro-Active and extremely well versed in the home lending field. Friendly, polite, professional and most importantly, he keeps you in the loop and updated.
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Clint and Emily “Proud Home Owners
John was first class from the very beginning. We all know how unpleasant refi can be, but he made it easy and enjoyable. He is very knowledgeable and professional and I highly recommend them!! The Two Mortgage guys are ROCKSTARS!!!!
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Steve Hurtig
Jonathan provided exceptional transparency and professionalism to my family. The process to finance the house for our family was excellent.
We highly recommend them when buying your dream house or refinancing.
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Tino Morfin
Jonathan goes the extra mile and then some to walk you through the journey of purchasing a home. Pro-Active and extremely well versed in the home lending field. Friendly, polite, professional and most importantly, he keeps you in the loop and updated.
Clint and Emily “Proud Home Owners
John was first class from the very beginning. We all know how unpleasant refi can be, but he made it easy and enjoyable. He is very knowledgeable and professional and I highly recommend them!! The Two Mortgage guys are ROCKSTARS!!!!
Steve Hurtig
Jonathan provided exceptional transparency and professionalism to my family. The process to finance the house for our family was excellent.
We highly recommend them when buying your dream house or refinancing.
Tino Morfin
Thank you for working so hard to get us our house! We love it and can’t wait to move in and settle down! You made the process so easy, quick and answered all of our questions! I really appreciate everything that you did for us! Thank you for the great experience!
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Chelby Watson
This was my second loan working with Jonathan and if I ever need another mortgage I'll definitely be back for a third time. Jonathan and all the staff at Two Mortgage Guys were attentive to my needs and worked diligently to get me the best possible rate on my re-fi. .
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Mark Taylor
Jonathan is one of the most professional individuals you will ever work with. He is extremely knowledgeable. He has helped me several times and is always quick to give great recommendations to help solve any issue. Super trustworthy and helpful. I highly recommend Jonathan!
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Sherri McFadden
Thank you for working so hard to get us our house! We love it and can’t wait to move in and settle down! You made the process so easy, quick and answered all of our questions! I really appreciate everything that you did for us! Thank you for the great experience!
Chelby Watson
This was my second loan working with Jonathan and if I ever need another mortgage I'll definitely be back for a third time. Jonathan and all the staff at Two Mortgage Guys were attentive to my needs and worked diligently to get me the best possible rate on my re-fi. .
Mark Taylor
Jonathan is one of the most professional individuals you will ever work with. He is extremely knowledgeable. He has helped me several times and is always quick to give great recommendations to help solve any issue. Super trustworthy and helpful. I highly recommend Jonathan!
Sherri McFadden
© Copyright 2023 Jonathan Ferrell Mortgage Broker. All rights reserved
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Jonathan Ferrell, NMLS ID 871443, is a licensed mortgage broker with Park Cities Lending, Inc. - NMLS 1465666 | 1055 Equestrian Drive Rockwall, TX 75032 |
More about Park Cities Lending, Inc.
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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov
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A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov