The primary search query, as this loan is specifically designed for self-employed individuals, freelancers, and small business owners who have significant tax write-offs that lower their taxable income, making them ineligible for traditional loans.

This is the core appeal of the loan, and borrowers search for this flexibility.

Lenders usually require a history of self-employment for at least two years. There are exceptions when you’re in the same line of work.

Borrowers search for the versatility of the loan, which typically allows all these options depending on the specific lender.

Lenders generally require 12 to 24 months of consecutive personal or business bank statements to assess cash flow stability.

Borrowers want to know the "red flags" and acceptable patterns, such as regular deposits, consistent cash flow, limited overdrafts, and how business expenses are calculated.

Lenders average deposits over the requested period and may apply an "expense factor" (e.g., 50% for business accounts) to determine a qualifying income.

Yes, provided the borrower owns a sufficient percentage of the business (often 100%) and can document ownership via a CPA letter or business license.

Yes, these loans are considered higher risk because they are "non-QM" (non-qualified mortgages) and have rates that are generally higher than conventional loans.

While some lenders may accept scores as low as 620, many prefer scores of 700 or higher to secure better terms.

Yes, both rate-and-term and cash-out refinance options are typically available.

Borrowers search this to understand if their tax returns will be verified by the IRS, which is not usually required for this specific loan type that bypasses tax documents for income verification