As a freelancer, you're used to navigating uncertainty, but when it comes to securing a mortgage, the process can feel overwhelming. You're not alone in feeling frustrated by traditional lending requirements that don't account for your unique income situation. At NMHL, we understand your challenges and are 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 Program
Our Bank Statement Loan program is designed for self-employed individuals like you, using bank statements instead of tax returns to verify income. This program can help you qualify for a mortgage even with complex or variable income.
NMHL Pre-Approval Process
Get pre-approved with NMHL's streamlined process, designed to accommodate your freelancer income situation. Our pre-approval letter will give you confidence when making an offer on your dream home.
Non-QM Mortgage Solutions
Our Non-QM mortgage solutions cater to borrowers with non-traditional income, including freelancers. We offer flexible underwriting guidelines to help you qualify for a mortgage that fits your needs.
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 Freelancer Mortgage Approval
As a freelancer, you're likely no stranger to uncertainty. But when it comes to securing a mortgage, the process can feel overwhelming. Traditional lenders often struggle to accommodate non-traditional income situations, leaving many freelancers feeling frustrated and unsure about their options.
At NMHL, we understand the unique challenges faced by freelancers. Our mortgage programs are designed to be more inclusive, using alternative income verification methods to help you qualify for a mortgage.
Don't let traditional lending requirements hold you back. Contact NMHL today to explore your mortgage options.
Bank Statement Loan Program: A Solution for Freelancers
Our Bank Statement Loan program is a game-changer for freelancers. Instead of relying on tax returns, we use bank statements to verify your income. This program is ideal for those with variable or complex income situations.
- Qualify with 12-24 months of bank statements
- No tax return requirements
- Competitive interest rates starting at 6.5%
Get pre-approved today and take the first step towards securing your dream home.
Navigating the Mortgage Process as a Freelancer
The mortgage process can be daunting, especially for those with non-traditional income. At NMHL, we're committed to making the process as smooth and stress-free as possible.
Our loan officers will guide you through every step, from pre-approval to closing. We'll work with you to determine the best mortgage program for your situation and help you gather the necessary documentation.
Don't navigate the mortgage process alone. Contact NMHL today for personalized guidance.
Frequently Asked Questions About Freelancer Mortgages
Still have questions about the mortgage process as a freelancer? You're not alone. Here are some answers to frequently asked questions.
- Can I get a mortgage with a credit score under 700?
- How do I prove my income as a freelancer for mortgage purposes?
- What's the typical down payment required for a freelancer mortgage?
For more information and to discuss your specific situation, contact NMHL today.
Frequently Asked Questions
While a credit score of 700 or higher is generally preferred, NMHL offers mortgage programs with more lenient credit score requirements. Our Bank Statement Loan program, for example, can consider credit scores as low as 620. Contact us to discuss your specific situation and determine the best course of action.
As a freelancer, you can use bank statements, business tax returns, or a letter from your accountant to verify your income. NMHL's loan officers will guide you through the process and help you gather the necessary documentation. Our Non-QM mortgage solutions can also accommodate complex income situations.
Down payment requirements vary depending on the mortgage program and your individual circumstances. With NMHL's Bank Statement Loan program, you can qualify with a down payment as low as 10%. Our loan officers will work with you to determine the best down payment option for your situation.
Yes, using a co-signer can be a viable option to strengthen your mortgage application. NMHL allows co-signers on a case-by-case basis, and our loan officers will help you determine if this is the right strategy for you. Keep in mind that the co-signer will need to meet certain credit and income requirements.
The mortgage approval process typically takes 30-45 days with NMHL, but can vary depending on the complexity of your application. Our loan officers will work closely with you to ensure a smooth and efficient process. We recommend getting started as early as possible to ensure timely approval.