Loan Products

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What Is a Self-Employed Mortgage Loan?

A self-employed mortgage is a type of home loan that self-employed borrowers can qualify for without having to submit tax returns, or other traditional income documentation. Many entrepreneurs, independent contractors, and small business owners take advantage of tax code benefits, resulting in tax returns that may not accurately reflect their yearly earnings. Self-employed mortgages are designed to solve this problem by providing several different loan solutions. In most cases, these programs can tremendously increase the borrower’s home buying power.

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Bank Statement Loan

Most common mortgage solution for the self-employed borrower

  • Qualify using 12 or 24 months business or personal bank statements
  • No tax returns required
  • 15, 30 & 40 year fixed terms available
  • First time home buyers welcome
  • Common sense approach to underwriting a business owner’s financial profile
  • Competitive interest rates
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Profit & Loss Loan (P&L Only)

Excellent mortgage alternative for the sophisticated self-employed borrower

A profit and loss loan looks at a borrower’s company's P&L statement to determine if borrowers qualify for a loan. This eliminates the need to use tax returns which can be helpful when applicants take a large number of deductions and do not qualify for traditional financing.

  • 1 or 2 year cpa P&L 
  • No tax returns required
  • 30 year fixed terms available
  • Common sense approach to underwriting
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Asset Based Loan

Also Known as an Asset Depletion or Asset Dissipation Loan, This is a Type of Non-QM Loan Where Borrowers Can Use Their Substantial Assets to Qualify for a Mortgage Loan Instead of Employment Income.  Acceptable Forms of Assets That Can Be Used for Qualification Include:

  • Investment Accounts Such as Stocks, Bonds, and Mutual Funds. 
  • Money Market Accounts, CD’s, Checking or Savings Accounts. 
  • Retirement Accounts Such as 401K or IRA
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DSCR or No Ratio Loan

Real Estate Investment Loans

Qualification is Based Solely on the Cash-flow of the Investment Property

  • Qualify Only Using the Income From the Investment Property.
  • 30 Year Fixed Options Available
  • Ideal for Real Estate Investors
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Standalone 2nd Mortgage

A Closed-end Cash-out Loan

For Borrowers Who Want to Access Equity in Their Home and Keep Their Low Rate First Mortgage. 

  • Ideal for Cash-out for Many Uses Including Debt Consolation, Home Improvement, Etc. 
  • Debt Consolidation:  Pay Off High Interest Credit Cards, Car Loans, or Other Debt 
  • Home Improvement:  Remodel Your Home or Take on New Projects to Upgrade Your Property.
  • Qualify With 12 Months Bank Statements or Full Doc (if Available)

Keep Your Low Interest 1st Mortgage in Place

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Home Equity Line of Credit (HELOC)

A home equity line of credit (HELOC) is a revolving credit line that's secured by the equity in your home. You can use a HELOC for large expenses, such as home renovations or college tuition. You can also use a heloc to consolidate higher-interest rate debt on other loans, such as credit cards. 

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Private Money Loans

 

Kinnect Capital Has Access to a Vast Network of Private Money Lenders Ready to Fund. Private Money Loans Are Short Term, Privately Funded Loans Ideal for Borrowers Who Need Quick Funding for Real Estate Acquisition or Refinance. These Loans Have Fewer Underwriting Requirements and Can Fund and Close Fast. 

  • Can Close Quickly and Easily
  • Loans Are Usually 12-24 Months in Duration
  • Flexible, Easy Underwriting Requirements
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Work With Kinnect Capital

LET'S DISCUSS YOUR LOAN SCENARIO & TAILOR A SOLUTION FOR YOUR FINANCING NEEDS

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Contact Details

Kinnect Capital, Inc.

Phone

OFFICE: (213) 221-4084

Email

[email protected]

Phone

MOBILE: (323) 804-6290

Address

3435 Wilshire Boulevard #2510 Los Angeles CA 90010 Arthur Kumasian | NMLS: #2462013 | CA DRE# 02209406

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