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0 Are you entertaining the thought of buying a house but are worried that you won’t be able to secure a mortgage as a self-employed borrower? Then you have come to the right place. For self-employed borrowers, getting a mortgage can be a tricky task. On top of that finding reliable self-employed mortgage lenders can be a challenging task in itself. Therefore, we went through the trouble and found the most reliable mortgage lender for you: Dream Home Mortgage. This mortgage lender is based in Dallas, Texas, and has helped hundreds of self-employed borrowers like yourself achieve their dream of homeownership. They offer creative loan options to cater to your needs while taking into consideration your financial situation as well.
Let’s take a closer look at the different services they offer to help you get the home of your dreams.
What Gives Dream Home Mortgage A Competitive Edge Over Others?
Traditional lenders often ask for W-2s and proof of monthly payments to process your mortgage applications. But at Dream Home Mortgage, you don’t have to worry about this. This is because the experts at Dream Home Mortgage understand that self-employed individuals such as entrepreneurs, freelancers and business owners don’t conform to the conventional mold. Therefore, you need tailored mortgage plans that will fit your unique lifestyle. Why should you compromise when you can get personalized self-employed mortgage plans? You can get the best self-employed solutions here with your unique stream of income.
Secure the Best Self-Employed Mortgage with Your Unique Tax Returns:
As a self-employed borrower, one of the most bothersome aspects of applying for a mortgage is submitting your tax returns. Due to the unique nature of your employment, you might have a problem with presenting proof of monthly payments. But at Dream Home Mortgage, you don’t have to worry about this problem. Under the guidance of their loan experts, you can work together to troubleshoot all of your tax returns without the need for extensive paperwork. They offer a well-planned approach to tackle your financial queries and help you secure the best mortgage option without the usual stress.
Reap the Rewards of Your Credit Score:
Credit scores often times play an integral role in securing a good mortgage option with great terms and conditions. A good credit score can go a long way for you as a self-employed borrower. At Dream Home Mortgage, they first assess your credit score history by taking into account your Debt-to-Income ratio, FICO score, and your self-employment history. It’s okay if you have a low FICO score of 580 or a high DTI ratio of 57% — you can still secure an FHA loan. As for conventional loans, a DTI ratio of 49.9% is still acceptable.
Turn the Odds in Your Favor by Paying Your Debts and Payments:
Pending debts and repayments of loans can lower your chances of securing a favorable mortgage option. This can be a bigger problem for you as managing monthly repayments can be quite tricky. But no need to worry. As the experts at Dream Home Mortgage, you can come up with a tailored mortgage plan that suits your financial situation. Not only can you overcome these financial obstacles but they can also work in your favor by improving your credit score. Best part is that you don’t have to worry about this alone as Dream Home Mortgage will be right by your side. This is why it is one of the best self-employed mortgage lenders in America.
Perks of Having Multiple Income Streams:
As a self-employed borrower you have the luxury of time. This allows you to work on different projects at the same time allowing you to generate multiple income streams. The income can be from rental properties, business ventures, start-ups, alimony, social security or child support. It is your financial obligation to mention all these income streams with your mortgage broker as they help you negotiate better mortgage terms. Your diverse financial profile is the key to unlocking optimal potential.
Lock in Your Dream Home with Down Payment:
Down payment plays a vital role when it comes to securing a good property. The larger the property, the more down payment you will have to pay. Therefore, you need to start saving for a down payment as soon as possible. You can start the saving process by opening a dedicated savings account for the house’s down payment and deposit monthly payments into it. At Dream Home Mortgage, you are able to secure a house with only 3% down payment which is a great offer.
Want to Get More Insights about The Self-Employed Loans?
Becoming a homeowner as a self-employed borrower is no longer a dream. With the guidance and assistance of Dream Home Mortgage which is one of the top self-employed mortgage lenders in the country, you can also achieve this dream. The expert mortgage brokers at Dream Home Mortgage, under the capable stewardship of Mr. Hussein Panjwani, have assisted hundreds of self-employed borrowers unlock the doors to their dream homes. You can also add your name to the list of potential homeowners by booking a 30-minute consultation session.
