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How To Land a Loan if You're Self-Employed

Are you self-employed, a sub-contractor and/or a 1099’d employee? Have you been unable to take advantage of homeownership because of the federal government's regulation surrounding ability-to-repay (ATR)? The ATR rule certainly has its place in lending, but one of the unintended consequences of this rule is that many people and families are now shut off from access to homeownership. Why? Because many employment methods typically write-off their income on tax returns in order to protect themselves from a tax liability. Most, if not all, lenders meet the ATR requirement by either getting pay stubs, W2’s and/or tax returns. For those who claim no income on their tax returns, lenders cannot meet the ATR rule, which eliminates a lot of potential homeowners from the market.

We have a solution called the bank statement loan program! Flat Branch Home Loans has the ability to solve this issue by utilizing bank statements instead of tax returns to meet the ATR rule. What does this mean? We can use either personal or business bank statements to verify income in order to qualify for home financing. This type of financing allows qualified individuals to take advantage of today’s low rates and flexible financing terms, and to become a homeowner!


  • No tax returns required.
  • 12 to 24 months personal and business bank statements.
  • As little as 4 years outside of bankruptcy or foreclosure.

There are many product options to choose from within the program. This includes 5/1 ARM, 7/1 ARM, 30 Year Fixed, 40 Year Fixed and Interest Only. The program also allows for several other unique flexibilities, because FBHL is fully delegated to underwrite this product, as well as utilize its own internal appraiser rotation.  If you have been turned down in the past or do not meet the requirements of Fannie Mae, Freddie Mac, FHA, USDA, or VA, then consider our Expanded Access product. It might just allow you to purchase the home of your dreams!