Traditional income documentation
Conventional
A mortgage that is not insured or guaranteed by a federal housing agency. It can be considered for a primary home, second home or investment property, depending on the program.
Documentation to discuss
Employees may use pay stubs and W-2s. Self-employed borrowers may use tax returns and business documentation. Asset, credit and property information is also reviewed.
What needs individual review
Income stability, debts, available funds, property type and lender requirements determine eligibility. Self-employment does not automatically require a Non-QM loan.
Discuss this with ElaineEducational information only. Licensing, credit approval, property requirements and lender guidelines apply. This is not a rate quote or commitment to lend. Mortgage services are provided through Heart Mortgage Corporation, NMLS #2045769.