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

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

The Boles Group at Bay Equity Home Loans in Gilbert, known for creating solutions were other lenders create problems, 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 – Schedule a call with a Boles Group lending professional before filing your 2020 taxes. Your loan officer will explain the available options, required documentation and next steps for your specific situation.

Self-employment is no reason to keep renting. Enjoy the freedom of owning your own business AND your own home. Call the Boles Group at Bay Equity Home Loans to learn more.

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The Boles Group at Bay Equity Home Loans is a team of lending professionals located in Gilbert, Arizona and licensed to originate home loans for purchase or refinance in nine states (AZ, CA, CO, ID, MN, NM, NV, OR, WA). Boles Group lending professionals have the knowledge and experience to create solutions where other lenders create problems. The team prides itself on responsive, accurate communication and is highly regarded by clients and business associates alike.