Get Mortgage Preapproval Self Employed Borrowers Love
Exploring Specialized Loan Programs
Several mortgage programs are tailored for self-employed borrowers, offering more flexible criteria. For instance, some lenders provide bank statement loans, which use your bank deposits as proof of income rather than tax returns. These programs can be beneficial if your tax deductions significantly reduce your taxable income. It's worth exploring these specialized options to find a loan that best suits your financial situation4.