Although strict underwriting standards are a good thing, they can make it hard for freelancers, contractors and small business owners to document their ability to repay a mortgage.

Those who work on a gig-to-gig basis sometimes find it difficult to prove that they have a steady work history. Optimizing available tax write-offs can also diminish the amount of income that can be considered on a home loan application.

The Boles Group at Bay Equity Home Loans in Gilbert is known for finding solutions when unique borrower circumstances create problems. The Boles Group lending team has the knowledge, experience, and flexibility to approve self-employed borrowers who may not qualify elsewhere.

Bank Statements
The Boles Group has loan programs available that require no tax return at all. If all other criteria for the program are met, income and work history are verified using business and personal bank statements.

Union Membership
Union workers like contractors, educators and even actors can verify a stable work history from the date their union membership started.

Create a Plan
Talk to a Boles Group lending professional before filing next year’s taxes. Your loan officer will explain the available options, required documentation and next steps for your specific situation.

Self-employment doesn’t have to be a barrier. Enjoy the freedom of your gig-based career AND the freedom of home ownership. Call the Boles Group at Bay Equity Home Loans to learn more.