Options for the Self-Employed

For today’s workforce, everything is changing!

Today’s workforce has dramatically shifted to include more self-employed and freelance individuals. UNMB Home Loans Inc. 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

Tips That May Improve Your Chances of Getting A Mortgage Approval As A Self-Employed Individual

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

apply for a pre-approval today

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