Self Employed Mortgage
Are You Self-Employed? Having trouble obtaining a traditional mortgage?
Inquire today about our Bank Statement Program!
The Newfinity Group Inc works to qualify more self-employed borrowers. Bank Statement Programs are ideal for the self-employed person. We understand that many clients have a hard time obtaining financing through traditional conventional mortgages. Many Self-Employed borrowers have very unique situations and each client deserves an in-depth analysis to help obtain financing.
We offer self-employed borrowers a diverse mix of programs to fit their individual needs. Different programs that utilize cash flow analysis and liquidity to help offset limitations of conventional financing.
Self Employed Loan Program highlights:
Higher Debt-to-income ratios up to 50%
Loan Amounts Up To:
o $1,500,000 to 90% LTV
o $2,500,000 to 85% LTV
Credit scores as low as 620
Flexible credit standards for derogatory history
30 year fixed and 5/1 ARM terms (Interest-only loans available on 5/1) – no prepayment penalties