Often, the self-employed take a number of deductions to lower their reported income, and lighten their tax burden. This used to make it difficult to qualify for a mortgage.

Now introducing a new program designed to better serve the self-employed by using bank statements instead of tax returns to determine income.

The Mortgage Market of Delaware

  • Use 12 or 24 month bank statements, or asset depletion to qualify
  • No tax transcripts, or tax returns required
  • Debt to Income up to 50%, 620 minimum FICO
  • 4+ years major derogatory credit
  • 90% Loan to Value for Purchase/Rate & Term – No Mortgage Insurance