Self-Employment Loans

We understand the challenges self-employed customers face when trying to qualify for a mortgage. It can be hard to qualify based on your adjusted gross  income (AGI) when you factor in your tax deductibles. Fortunately, they are alternative programs out there to help with self-employed borrowers. Wize Mortgage offers a Bank Statement program that qualfies you based on 12 or 24 months of business and/or personal bank statements. Your business deposits will be averaged over 12 or 24 months, and most lenders will then use 50% of those deposits as qualifying income. Credit and down payment requirements will vary. 

Key Benefits of Self Employment Loans

• Tax returns and P&Ls are not required

• Increase qualifying income with bank statements vs tax returns

• Fair pricing with fixed rate options

• Quick closings, generally 30 days or less