Mortgages for the Self Employed Borrower

The self-employed borrower faces many challenges in shopping for home financing.  For various reasons the self-employed individual may not be able to document a level of income sufficient to qualify for a loan that meets his or her goals.  We at Eastern Atlantic Financial Group are sensitive to the self-employed borrowers' needs and have a wide range of mortgage products designed specifically with the self-employed borrower in mind.

No income verification or (N.I.V.) loans are a fairly recent innovation designed to meet the needs of the self-employed borrower.  This program allows the borrower to borrow with the flexibility to qualify for a loan amount of his or her choosing, rather than being subject to the constraints of the loan limits that his or her documented income would dictate.

Interest rates on these programs do run slightly higher than conventional loans.  This is due to the increase in risk taken by the lenders.  Rates are most strongly influenced by factors such as past credit experience and level of equity.

For further information please complete our On-line Inquiry Application.

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