Self Employed Loans If you are self employed and want to purchase or refinance I have a loan program for you.   NO Documentation Loan No Documentation Loans require no employment, income, or assets to be stated on your application. No information is verified beyond your credit profile and value of the property. Our lenders allow as little as a 5% down payment. If you have past credit issues you will need a slightly higher down payment but I can get the loan done. Rates are 1 to 1.5% higher than conventional financing and are available on both fixed rate and adjustable mortgages. No Doc Loans are available as: 15 or 30 year fixed rate require only 10% equity and the rate will not change. 1, 3, or 5 year adjustable rate loans have lower rates but requires 25% equity in the property   Stated Income Loan Stated income mortgages are the least expensive option. We verify employment and assets, income is stated on the application but not verified. Your stated income must be reasonable for your occupation and assets. Rates are usually only .500% above conventional rates. Some general guidelines for a Stated Income Mortgage Loan. Minimum middle credit score is 620 5 credit accounts are required. 3 may be from alternative sources-utility, auto insurance, etc. Bankruptcy and foreclosures must be discharged for 3 years with reestablished credit Two years employment with same employer Two months PITI reserves are required with an LTV <=80%. 6 months reserves are required otherwise. 5% minimum down payment is required from your own funds. No gifts.