Self Employed Business Owners, Partners, & Contractors
Owning your own business can be a rewarding and lucrative thing and we encourage that. Lenders, however, that based lending guidelines on risk need to validate that the business that you own or partly own is a viable with a longstanding outlook of profitability based on previous success. Some of the documentation that you can be expected to provide include the following:
- W2 (most recent one to two years)
- Tax Returns
- Business Tax Returns including Schedule E
- Verification of Ownership of the Business
This by no means a complete list and each business ownership scenario is different so an underwriter may ask for more or less documentation. In any case, we specialize in ensuring that business owners or partners are positioned in such a way that their best foot is put forward in order to qualify for the amount they are looking for, without putting them in a difficult financial situation. Only in some of our alternative documentation programs, can documentation be of the limited kind and not as highly scrutinized.
Do you or someone you know fit this criteria? Use our simple prequal tool to find what programs we have available.
