Self-Employed

No W2? No Problem!

We have loans designed specifically for self-employed individuals – so you won’t be asked to submit documents and forms that you don’t have. Talk to a Loan Advisor today and experience the Sprout difference!

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If you are among the 15 million Americans who are self-employed, you’ll be glad to know that we understand how your financial profile can be different from borrowers who earn a regular salary.

We understand...

You love your freedom, you appreciate flexibility and you’re ready to purchase a home, but you don’t have all the documentation that typical mortgage financing requires. At Sprout, we use different percentages of revenue based on the type of self-employed business you operate.

If you’re self-employed and looking for a bank statement mortgage, look no further!

Sprout Mortgage is a direct lender specializing in mortgage loans for the self-employed.

Sprout’s most popular self-employed mortgage loan

Lets you qualify based on your bank account balances, so you won’t be asked to submit documents you don’t have. For these loans we use a proportionof your revenue shown on your last 12 months of bank statements as a measure of your income. No W-2 or tax return required!

The Bank Statement Mortgage Loan For Self-employed Individuals

Is designed for those whose true income is documented by their bank statements.

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Here Are Some of the Great
Features of Sprout’s Bank
Statement Loan

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Credit scores starting at 620

Up to 90% LTV (with 720 FICO)

50% DTI (for LTV to 85%) & 43% DTI (for LTV to 90%)

Max loan amount $10,000,000

Min loan amount $100,000 (owner-occupied and second homes)

3 to 12 months PITIA (principal, interest, taxes, insurance and association dues) & reserves (based on loan amount)

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Also Available

Whether you’re a small business owner, yoga instructor, seasonal employee, freelancer/contract employee, or investor, Sprout can help you get a mortgage!

Asset Depletion Loans

Investor Debt Service Coverage

Ideal for individuals with substantial liquid capital (more assets than income), the Asset Depletion program permits borrowers to qualify based on their assets up to 50% DTI.

Designed for those whose income is derived from property rentals. Use the cash flow from your rental property to qualify.

Here’s How We Can Assist You in Buying a Home

Other loan features include:

Use bank statements to determine your qualifying income

Loan amounts up to $10 million

Credit score as low as 580

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