August 16, 2018

Self-Employed Individuals

Individuals who own their own business or paid on a commission basis fall under a different category than people working for a company or corporation on a salaried basis.  These individuals also enjoy certain advantages by minimizing their net income and maximizing their allowable tax deductions and therefore fall under a different category called “Self Employed.”  This makes it more difficult to get traditional financing because they are unable to provide the necessary income verification.  If you have a proven 2-year history of managing your credit and finances responsibly, financing at discounted rates are still available.


  • Purchase 90% LTV:  Refinance 80% LTV
  • Income reported by the borrower must be reasonable based on the industry, length of operation and type of business
  • In some cases, you can borrow in the name of a Corporation with a personal guarantee

There are numerous products available through various lenders; therefore a discussion of your particular circumstances would be necessary to create the ideal scenario for your situation.