Los Angeles, CA - Prior to 2015, it was very difficult to find a stated income mortgage loan for self employed borrowers looking to refinance or purchase a real estate. Recently, due to the boom in self-employment applications for loans, mortgage lenders have become friendlier to freelancers, contract workers, stock traders, part-time business owners and many self employed borrowers that are defining the new US economy. Lenders have realized that even though it is quite difficult for self employed workers to show all of their income on tax returns, in many cases they have more earnings than W2 employees.

How Self Employed Individuals Can Get a Home Loan:

Self-employed individuals can now be approved for a purchase or refinance under the stated income loan program. Self employed individuals do not need to submit income documents or verify income for pre-approval. The self employed mortgage loan is an ideal solution for borrowers who want to qualify for a mortgage without the hassle of income verification [no need to submit tax returns and bank statements for approval]. Stated loans typically only require a declared amount of income on the application form and do not require income verification.

How to Get Pre-approved for Self Employed Loans:

It’s very simple and hassle free to qualify for a stated mortgage for self employed business owners. All that is required for approval is proof of reserves [30% down payment, or 30% equity] and the purchase or refinance property should be non owner occupied [with some exceptions].

QKMortgage.com specializes in locking stated self employed mortgage for individual who can’t qualify for a mortgage loan under the Conventional or FHA loan guidelines. The agents at QKMortgage.com make sure investors and borrowers get the best interest rate in the market. QKMortgage.com agents do the mortgage shopping and filter the best loan products for clients. Working with QKMortgage.com saves time and money for client. QKMortgage.com offers personal service that no retail broker can match. With the help of the QKMortgage.com loan agents, borrowers can make an informed decision about the best mortgage loan available.

What to Avoid When Qualifying for a Self Employed Mortgage Loan:

Don’t overstate or understate income. Exaggerating income on the application form is a terrible idea. Be sure to state income accurately. Being honest with the mortgage lenders for self employed loan applications will result in a more accurate rate and maximum loan amount. When applying, it is not a question of what income was reported to the IRS, it is a question of affordability of payments and making sure there is enough cash flow to cover the expenses and the mortgage monthly payments.

Do not take “NO” for an answer: Lenders reject loan applications for a variety of reasons. Years ago, the economic downfall caused lenders to stop lending money to self employed business owners. Now, getting a mortgage loan is possible for borrowers with low reported income and low FICO scores. QKMortgage.com can qualify individual for a loan up to $2 million, for a purchase or refinance investment.

For more information about self employed mortgage loan visit http://QKMortgage.com or call (818) 465-5819 to speak to one of their agents.

About QKMortgage.com

QKMortgage.com is part of Maxim Real Estate Group Inc., which is a CA BRE licensed Real Estate Broker. QKMortgage.com specializes in stated income loans where borrowers can get quick loan approvals without a need to submit income verification documents. With a minimum credit score of 600, one can be eligible for a loan with an affordable interest rate payment.

For Media Enquiry:
Contact Person: Darryl Bledsoe
Telephone: (818) 741-3640
Email: [email protected]
Website: http://statedloan.qkmortgage.com/