Mortgage Facts - Did You Know

Self Employed Borrowers


Self employed borrowers may use business assets for down payment, closing costs, and reserves. The borrower must be the sole proprietor, 100% owner of the business, or have verification from all other owners that the borrower has access to the funds.

Number of Bank Statements will be determined by the underwriter which may be a greater level of documentation. Business and personal tax returns per AUS requirements. Underwriter will complete a business cash flow analysis.

If the business is a cash intense entity, provide detailed explanation and documentation supporting the withdrawal having minimal impact on operations. If the borrower is not 100% owner, provide evidence that they have complete access to the funds through partnership agreement, corporate resolution, etc.