As a commission-based professional, getting approved for a mortgage can feel like an uphill battle. You're not alone in feeling frustrated with the traditional lending process that doesn't understand your unique income situation. At NMHL, we get it, and we're here to help.
”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 Solution
Our Bank Statement Loans are designed for commission-based borrowers like you. We use 12-24 months of bank statements to verify your income, making it easier to qualify.
Customized Conventional Loan Options
Our Conventional Loans offer flexible underwriting for commission-based income. We consider your overall financial picture to find the best loan for you.
NMHL Pre-Approval with No Hassle
Get pre-approved with NMHL in as little as 24 hours. Our streamlined process is designed to make it easy for commission-based borrowers to get started.
Personalized Guidance for Your Situation
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 Commission Only Income Mortgages
As a commission-based professional, you're not alone in facing challenges when applying for a mortgage. Traditional lenders often struggle to understand non-traditional income structures. At NMHL, we specialize in helping borrowers like you navigate the mortgage process.
Our expert loan officers understand that commission-based income can vary from year to year. That's why we offer multiple loan programs designed to accommodate your unique financial situation.
Don't let traditional lending requirements hold you back. Contact NMHL today to explore your mortgage options.
Bank Statement Loans: A Solution for Commission-Based Borrowers
Our Bank Statement Loans are specifically designed for commission-based professionals. Instead of relying on tax returns, we use 12-24 months of bank statements to verify your income.
- No tax return required
- Up to $2.5 million in loan amount
- Competitive interest rates
This program is ideal for borrowers with strong bank deposits but variable income.
Get pre-approved today and discover how much you can borrow.
Conventional Loan Options for Commission-Based Income
While Conventional Loans may seem traditional, we offer customized options for commission-based borrowers. Our underwriters consider your overall financial picture, including income stability and creditworthiness.
With down payment options as low as 3.5%, you can secure a mortgage that fits your needs. Plus, our competitive rates and loan terms up to 30 years make it easier to manage your monthly payments.
Speak with an NMHL expert to explore your Conventional Loan options.
The NMHL Difference for Commission-Based Borrowers
At NMHL, we understand that every borrower's situation is unique. That's why we offer personalized guidance from our expert loan officers. We'll work with you to find the best loan program and guide you through every step of the mortgage process.
With 25+ years of experience helping self-employed and commission-based borrowers, we're confident in our ability to help you achieve your homeownership goals.
Contact NMHL today to start your mortgage journey.
Frequently Asked Questions
Yes, multiple mortgage programs accommodate commission only income scenarios. NMHL has helped numerous borrowers in similar situations find the right loan program. We offer Bank Statement Loans and customized Conventional Loan options that consider your overall financial picture.
Lenders typically verify commission-based income through 12-24 months of bank statements or tax returns. At NMHL, we offer Bank Statement Loans that use deposits to verify income, making it easier to qualify. Our loan officers will guide you through the required documentation.
While credit score requirements vary by program, NMHL's Bank Statement Loans can be available with credit scores as low as 620. Our Conventional Loans may require higher scores, but we offer multiple program options to find the best fit for you.
Yes, NMHL offers pre-approval for commission-based borrowers. Our streamlined process uses a soft credit pull and considers your overall financial situation. Get pre-approved in as little as 24 hours with our online application or by contacting one of our expert loan officers.
The mortgage closing process typically takes 30-45 days with NMHL. Our Bank Statement Loans and Conventional Loans are designed to be efficient, and our experienced loan officers will guide you through every step to ensure a smooth closing.