3 common Lending Options for Self Employed

• Qualified – as little as 15% gross up to income (2-year filed taxes net average)
• Stated income or Net Income After Tax (NIAT) – programs that add corporate income back to income to assist in qualifying (need 10% down or more- ideally 20%) Most of these lenders allow higher rental qualification offsets, which means they can use more rental income to offset the expenses to essentially qualify for more. The cost for this type of program is typically within 0.5-1%.  And you're only typically with these types of lenders for 1-3 years.
• Fully stated revenue-based – as little as 6 months in business, use revenue, track invoices can use 2-5x as much when compared to traditional lending.