Don't let tax write-offs limit your buying power. Qualify based on your real cash flow.
Empowering Business Owners & Entrepreneurs
Are you self-employed, a freelancer, or a small business owner? At Contemporary Mortgage Services, Inc., we understand that your tax returns often don't tell the whole story. While traditional lenders focus on your "bottom line" after expenses and write-offs, our Bank Statement Loans look at your gross deposits.
This common-sense approach allows you to qualify for a home based on the actual revenue flowing into your business or personal accounts, giving you the purchasing power you've truly earned.
Program Highlights
No Tax Returns Needed
Skip the hassle of tax transcripts. We use 12 or 24 months of bank statements to calculate your qualifying income.
Up to 90% LTV
Purchase your home with as little as 10% down—a rare find for non-QM self-employed programs.
No Mortgage Insurance
Even with 10% down, many of our programs eliminate monthly MI, saving you hundreds of dollars every month.
Loan Amounts to $3M
Whether you are looking for a modest starter home or a luxury estate, we have the capacity to fund your vision.
Who is this loan for?
This program is specifically tailored for borrowers who have been self-employed for at least two years, including:
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Business Owners (Sole Props, LLCs, S-Corps)
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Independent Contractors & Freelancers (1099 Workers)
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Consultants and Gig Economy Professionals
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Real Estate Investors & Realtors
What You'll Need to Apply
Getting started is simple. To begin the income analysis, you generally only need:
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Bank Statements — 12 to 24 months of your most recent personal or business statements.
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Business License — Or a letter from your CPA verifying you have been in business for 2+ years.
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Profit & Loss Statement — Depending on the lender, a simple P&L may be requested to verify business expenses.
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Credit Report — We look for a solid credit history (typically 660+ for the best terms).