Why do banks struggle with calculating self employed income?

If you are among the 15 million Americans who are self-employed, you’ll be glad to know that we understand how your financial profile can be different from borrowers who earn a regular salary.

The challenge is the majority of transactions that loan officers and underwriters review daily are vanilla w-2/paystub employees, not business owners.

Our team has an in-house CPA and accounting team that specializes in maximizing all available income so that our business owner clients are not at a disadvantage because an underwriter or bank isn’t familiar with how to properly calculate self-employed income.

Our Self-Employed mortgage options are Quick & Painless

Our in-house income review team specializes in calculating income for self-employed borrowers. We have designed a spreadsheet that allows our team to quickly input all offsets and deductions so our business owner clients are not put at a disadvantage because they fully utilize the current tax code.

It is hard enough to run your business, but our clients don’t have the time to teach a tax class to their mortgage loan officer…we take that burden off our clients by pairing them with an experienced team that fully understands the ins and outs and how to make these income calculations clean.

The Self Employed Mortgage Process:

Complete our simple online application

• Submit 1 or 2 years of business and personal tax returns and/or

• 12/24 months bank statements to show cash flow and/or

• YTD P&L and Balance Sheet

• Fixed Rates

• 12 and 24-month business bank statement loans

• P&L inhouse review

• Interest-only options

• cashout/debt consolidation

• Jumbo & Super Jumbo Loans

• 1yr and 2yr income options available