As a gig economy worker, you've built a career on flexibility and hard work. But when it comes to buying your first home, the traditional mortgage process can feel like a roadblock. We're here to help you navigate that roadblock and turn your gig income into homeownership.
”At NMHL, we work with borrowers in exactly this situation every day. We understand the uncertainty, the frustration, and the worry that comes with navigating a mortgage during a significant life event. You are not alone, and your situation does not have to be a barrier to homeownership.
Our licensed loan officers specialize in finding the right path forward for borrowers in complex circumstances. Whether your situation requires specialized documentation, alternative qualification methods, or simply a lender who takes the time to understand your full financial picture, we are here to help you move forward with confidence and clarity.
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Proven Solutions for Your Situation
Bank Statement Loan for Gig Workers
Our Bank Statement Loan program is designed specifically for gig economy workers like you. It uses your bank statements to verify income, rather than tax returns, making it easier to qualify.
FHA Loan with Gig Income
If you've been working in the gig economy for at least 2 years, you may be eligible for an FHA loan. We can help you use your gig income to qualify, with as little as 3.5% down.
Non-QM Loan for Self-Employed Gig Workers
As a gig economy worker, you may be considered self-employed. Our Non-QM Loan program is designed for borrowers like you, with more flexible income verification and credit score requirements.
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No two mortgage journeys are alike. Our experienced advisors take the time to understand your unique circumstances and find the best path forward.
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Understanding Gig Worker Mortgages
As a gig economy worker, you're not alone in wanting to buy a home. But traditional mortgage options often don't account for the irregular income that comes with gig work. That's where we come in – with mortgage programs designed specifically for gig workers like you.
Our Bank Statement Loan program, for example, uses your bank statements to verify income, rather than tax returns. This makes it easier to qualify, even if you have irregular income.
Don't let irregular income hold you back from buying your dream home.
How to Qualify with Gig Income
Qualifying for a mortgage as a gig worker is different than for traditional employees. We'll need to document your income using either bank statements or tax returns. For bank statement loans, we'll average your monthly deposits over 12-24 months to determine your qualifying income.
- Bank statements or tax returns
- Average monthly deposit calculation
- Credit score evaluation
Get pre-approved today and see how much you can afford.
Benefits of NMHL's Gig Worker Mortgage Programs
At National Mortgage Home Loans, we understand the unique challenges faced by gig economy workers. That's why we offer a range of mortgage programs designed to help you qualify, even with irregular income.
Our programs offer competitive interest rates, flexible credit score requirements, and alternative income verification methods. We'll work with you to find the best loan option for your situation.
Take the first step towards homeownership – contact us today.
Getting Started with Your Gig Worker Mortgage
Ready to get started? The first step is to get pre-approved. We'll review your financial situation and provide a pre-approval letter stating the amount you're eligible to borrow.
To get pre-approved, simply contact us and provide some basic financial information. We'll take it from there, guiding you through the mortgage process and helping you find the best loan option for your needs.
Get pre-approved today and take the first step towards buying your dream home.
Frequently Asked Questions
Yes, you can use your gig income to qualify for a mortgage. We can help you document your income using bank statements or tax returns, depending on your situation. For example, if you've been driving for Uber for 2 years, we can use your average monthly deposits to determine your qualifying income.
We understand that gig workers often have irregular income. Our Bank Statement Loan program can help you qualify using your average monthly deposits over 12-24 months. This way, we can get a more accurate picture of your income stability.
Yes, you can combine income from multiple gig platforms to qualify for a mortgage. For example, if you drive for Uber and deliver for DoorDash, we can add your income from both platforms together to determine your qualifying income.
While credit score requirements vary depending on the loan program, we offer options for borrowers with credit scores as low as 580. However, a higher credit score can help you qualify for better interest rates and terms.
The length of time you've been working in the gig economy can affect your mortgage options. For example, our Bank Statement Loan program requires 12-24 months of bank statements, while an FHA loan may require 2 years of tax returns showing your gig income.