Navigating the mortgage landscape as a self-employed individual can often be an uphill climb. The heart of the issue lies in the discrepancy between reported taxable income and actual cash flow due to the strategic use of tax write-offs. At Innovative Mortgage, we’ve crafted a suite of mortgage solutions specifically designed to address the unique financial scenarios self-employed borrowers face.

Innovative Mortgage’s Self-Employed Mortgage Solutions:

Alternative Documentation Options:

• Bank Statement Mortgages: By examining your personal or business bank statements, we can assess your true cash flow, offering a clearer picture of your financial capacity beyond what tax returns might show.
• 1099 Only Loans: For those who work as independent contractors or freelancers, this loan type uses your 1099 forms to verify income, bypassing the traditional tax return evaluation.
• P&L Only Loans: A streamlined option that requires just one or two years of profit and loss statements, without the need for extensive documentation.

Focus on Flexibility and Choice:

Our philosophy at Innovative Mortgage is to present you with a full spectrum of lending options, conventional and alternative alike. While our initial aim is to secure a conventional or full documentation loan that offers favorable terms, we are fully equipped with alternative programs that serve as a bridge to homeownership for those who may not fit the standard criteria.

Beyond One-Size-Fits-All Lending:

Conventional wisdom in the mortgage industry often leans towards specialization in a single loan type. Yet, we believe this approach does a disservice to our clients. By offering a variety of loan programs, we ensure that you are not pigeonholed into a product that may not be in your best interest. Instead, you receive comprehensive guidance and an array of options, empowering you to make the most informed and intelligent decision for your personal and financial situation.

Partnering with You on Your Homeownership Journey:

At Innovative Mortgage, our commitment to serving the self-employed community is unwavering. We understand the importance of evaluating the full scope of your financial health and providing loan products that reflect this.

If you’re self-employed and seeking a mortgage that recognizes your unique financial profile, reach out to Innovative Mortgage. Let us assist you in exploring all the possibilities and securing a mortgage that aligns with your true earning power. Contact us to discuss you