Being your own boss and owning your own business can be one of the most rewarding experiences with many benefits and opportunities. But it comes with challenges as well, and one of those can be qualifying for a mortgage loan. The rules and guidelines of mortgage lending don’t always align with the benefits of owning your own business, but that doesn’t mean owning a home is out of reach.

We know one size does not fit all and at Key Mortgage we have developed the knowledge and relationships with various investors that provide financing options to self-employed individuals. Let’s learn about some of the options available:

1. Qualifying with only 1 year of tax returns

Clients who have owned their businesses for multiple years may only need to supply their most recent tax returns for qualification.

2. Utilizing cash flow into the business

By analyzing 12 or 24 months of business revenue deposited into their business accounts, we can provide a stream of income they can use to qualify for a mortgage.

3. Asset annuitization

For those individuals who may be self-employed but have significant assets, we have the ability to create a qualifying income stream from those assets.

Partnering with a Key Mortgage loan officer can help you put a plan together to tackle this opportunity and ensure your clients are put on the correct path to homeownership. More opportunities = more business! Reach out to our loan officers to today and see how you