Self-Employed Loans

Being your own boss comes with countless perks, but it can also present challenges when it comes to securing a mortgage. At NewKey Lending, we understand the unique financial situations of self-employed individuals and offer specialized loan programs designed to help you achieve your homeownership goals.

Why Choose A Self-Employed Loan?

Traditional lenders often rely on rigid qualification criteria, such as consistent W-2 income, that don’t always reflect the realities of being self-employed. Our self-employed loan program provides:

• Flexible Income Verification: Use bank statements, profit and loss statements, or other alternative documentation to qualify.
• Customized Loan Solutions: Tailored options to meet your specific financial needs and goals.
• Competitive Rates: Access to competitive interest rates that suit your situation.

Who Qualifies for a Self-Employed Loan?

Our self-employed loan program is ideal for:

• Small Business Owners: Whether you run a startup or an established business, we’ve got you covered.
• Freelancers and Contractors: Flexible options for those with varied income streams.
• Gig Economy Workers: Mortgage solutions for those earning income from non-traditional sources.
• Real Estate Investors: Loans designed for property investors seeking to expand their portfolios.

Benefits of Self-Employed Loans

• Alternative Documentation: Qualify using personal or business bank statements instead of tax returns.
• Higher Loan Amounts: Access financing that aligns with your earning potential.
• No Tax Return Requirements: Skip the hassle of providing years of tax documents.
• Streamlined Approval Process: Enjoy a faster, more straightforward path to approval.

Challenges for Self-Employed Borrowers

• We address common obstacles faced by self-employed individuals, such as:
  • Irregular Income: Our flexible income verification methods ensure your loan application reflects your true earning capacity.
  • High Write-Offs: Tax deductions shouldn’t disqualify you from homeownership. We look at your gross revenue, not just taxable income.
  • Credit History Considerations: Recent credit events or limited credit history? No problem. We’ll work with you to find a solution.

Why Work with NewKey Lending?

• Dedicated Expertise: Our team specializes in self-employed loans, ensuring you get the best guidance.
• Personalized Support: We’ll walk you through every step of the mortgage process.
• Flexible Options: Our loan programs are designed to accommodate your unique financial profile.