Self-Employed Home Loans: Your Income, Your Way

A bank statement loan is a mortgage option tailored for self-employed individuals, allowing them to verify income using personal or business bank statements instead of traditional documents like tax returns, W-2s, or paystubs. This program is ideal for small business owners, independent contractors, or those who don't own 100% of their business. Our Bank Statement program offers a loan solution for credit-worthy self-employed borrowers who might not qualify for a conventional home loan, helping them secure the financing they deserve.

Are you a high-net-worth individual, retiree, or real estate investor with substantial assets but limited traditional income? If so, traditional mortgage options may not align with your unique financial situation. Ameritrust Mortgage offers Asset Depletion and Asset Utilization Loans, tailored solutions that empower you to leverage your wealth for homeownership.

Asset Depletion and Asset Utilization Loans are specialized mortgage programs designed for borrowers who have significant assets but may not have substantial income from traditional sources like employment. These loans assess your financial strength based on the value of your assets rather than relying solely on your income

DSCR loans are a type of non-QM loan specifically designed for real estate investors. Unlike traditional mortgages that heavily rely on your personal income, DSCR loans assess your eligibility based on the rental income generated by the investment property itself. The DSCR is a ratio that compares the property's net operating income (NOI) to its annual debt service. A higher DSCR indicates a stronger ability to cover mortgage payments, making you a more attractive borrower.

1099 loans, also known as 1099 mortgage loans or freelancer mortgages, are a type of non-qualified mortgage (non-QM loan) designed for individuals who receive their income through 1099 forms rather than traditional W-2s. These loans offer an alternative path to homeownership for those with less conventional income sources.

Unlike traditional mortgages that heavily rely on tax returns, 1099 loans primarily use your 1099 forms and bank statements to verify your income and assess your ability to repay the loan. This makes them a more accessible option for freelancers, independent contractors, and gig workers who may have fluctuating income or write off a significant portion of their income as business expenses.

12-Month Tax Return Loans are designed for borrowers who need a simplified financing option and may not have extensive tax history. These loans cater specifically to individuals like new business owners or self-employed professionals, providing a straightforward and flexible lending solution. With lower documentation requirements and adaptable terms, they offer an accessible pathway to homeownership or refinancing, even with limited financial records. This loan option is particularly advantageous for those looking for a balance between flexibility and convenience in their mortgage process.

This loan option is designed to provide maximum flexibility for borrowers with unique financial profiles, such as foreign nationals, non-permanent residents, and those with alternative income sources. It offers a long-term, fixed-rate mortgage with options that allow for reduced monthly payments in the early years, making it suitable for those planning long-term financial strategies. The program accommodates a wide range of property types, including multi-unit buildings and specialized real estate, catering to diverse investment needs. With adaptable income verification and various documentation options, this loan is tailored to meet the needs of borrowers who may not fit traditional lending criteria.

This loan product is designed for borrowers with strong financial profiles who may not meet traditional income verification standards but have substantial assets and credit. It offers flexible documentation options and supports higher loan amounts, making it suitable for various purposes, including purchasing, refinancing, or accessing home equity. The program also caters to different property types, providing versatile financing solutions for both primary residences and investment properties. With options that include high loan-to-value ratios and interest-only payments, this loan is ideal for those seeking tailored mortgage solutions that accommodate their unique financial situations.

This loan product is tailored for self-employed borrowers and new business owners who may not have traditional tax returns. It provides a streamlined documentation process, using a combination of business bank statements and a profit and loss statement prepared by a CPA or tax professional to verify income. The program is designed to accommodate those with as little as two months of business history, offering flexibility in income calculation and supporting high Loan-to-Value ratios. This makes it an ideal option for purchasing or refinancing, with additional documentation such as a business narrative and accountant's letter required to provide thorough verification. The loan caters to borrowers seeking affordability and flexibility in their mortgage options.