Self Employed Loans

For the Self Employed/ Business Owner borrower, the proof of income from the business can be complex and even difficult for underwriters to decipher. Well intentioned Stated Income loans have been virtually eliminated except for investor loans in the United States. Preferred Home Lending has the perfect answer with our Bank Statement and Asset Depletion programs.

self employed

Up to 10% down payment with no MI
Loan Amounts to $2,000,000
Use 12-24 months to establish income
Can be used for Investment Homes
Minimum credit score 620
Non-warrantable condominiums
5/1 ARM and 30 Year Fixed options available
No pre-payment penalties
Asset Depletion which can also be used for the retired/unemployed borrower. We use certain retirement savings to calculate income!