Self-Employed in Arizona? How to Get a Mortgage Without Tax Returns.

A Bank Statement Loan lets self-employed borrowers, 1099 earners, and business owners qualify for a mortgage using bank statements instead of tax returns.
In this video, Michael Hankerson at First Link Mortgage explains how a Bank Statement Loan works, who qualifies, and why this product exists for borrowers whose tax returns do not reflect what they actually earn. Income is calculated directly from 12 or 24 months of personal or business bank statements. Conventional lending standards do not apply here.
Loan amounts range from $150,000 to $4,000,000. The minimum FICO score is 640. Maximum loan to value is up to 90 percent depending on the program. One year of self-employment is acceptable if the borrower has been in the same line of work for two years. W-2 and 1099 income can be combined. Spouse incomes can also be combined. This product is available in Arizona through First Link Mortgage.
What You'll Learn:
• Why tax returns understate income for self-employed borrowers and what this product does differently
• How income is calculated using 12 or 24 months of personal or business bank statements
• Loan amounts available from $150,000 to $4,000,000
• Minimum FICO score of 640 and maximum loan to value up to 90 percent
• Why only one year of self-employment is required when the borrower has two years in the same field
• How W-2 and 1099 income can be combined to strengthen qualification
• How spouse incomes can be combined
• Who this works best for: self-employed borrowers, 1099 earners, and business owners
Call or text Michael Hankerson directly at 602-770-7205 if you want more information.
Michael Hankerson | NMLS# 2664119 Mortgage Broker | First Link Mortgage | NMLS# 2527988 | Branch ID 2565384 Not a commitment to lend. Not all borrowers will qualify. Equal Housing Opportunity.
#HankersonTeam #ArizonaRealEstate #MortgageArizona
To see all our Cash Out Loan Products, Please visit our website: https://newhomes-az.com/seven-ways-to-access-the-equity-in-your-home/

Видео Self-Employed in Arizona? How to Get a Mortgage Without Tax Returns. канала Hankerson Team