Who this is for
Self-Employed Borrowers in Texas
When you work for yourself, a lender can review your income in more than one way. Bert helps Texas business owners and contractors understand the documents each loan asks for and compare the options.
Common goals for self-employed borrowers
- Know which documents show your income
- Compare qualified mortgages with loans that aren't
- Plan ahead for the application
- Income that's hard to document
- Income that changes month to month
- Knowing how loans that aren't qualified mortgages work
What can get in the way for self-employed borrowers
The steps, in order
A first conversation, then a review of your goals and finances, then comparing loans. After that come a secure application, your documents, underwriting, and final approval and closing. No approval is implied before underwriting.
- 1.A first conversation
- 2.A review of your goals and finances
- 3.Comparing loans
- 4.A secure application
- 5.Your documents
- 6.Underwriting
- 7.Final approval and closing
Loan types
Loans self-employed borrowers often look at
Before you call
Questions for self-employed borrowers to bring to Bert
- How will my self-employed income be reviewed?
- Which documents will I need?
- Which loans fit the way I'm paid?
Educational disclaimer
This page is general information and does not imply automatic eligibility or a commitment to lend. Eligibility depends on your complete scenario and underwriting review. Discuss your situation with Lending 11 Up.