Do you have self-employed clients that don’t show any income at the end of the year?
The Non-QM mortgage loan may be an option for you!
There are still options outside of the "qualified mortgage" world, that allow you to obtain your home loan whether it be for primary, or investment purposes. At this point the self-employed client may savvy enough to "beat the system" when it comes to showing earnings, but now can’t qualify for a home loan due to how much income they claim at the end of the year income taxes.
There are still multiple Non-Qualified Mortgage also known as non-QM options available, one of which, allowing your self-employed client to utilize 12-24 month bank statement history to prove cash flow and qualify for a loan that suits their needs. These Non-QM loans do not follow Fannie Mae or Freddie Mac underwriting guidelines and therefore open home ownership options to your unconventional home buyer.