The modern workplace is changing. More people are self-employed and working from home these days. This entrepreneurial spirit should be celebrated as it is what the American dream is all about.

Home ownership is also a part of the American dream, and if you work for yourself, qualifying for a loan can be a little more challenging than it is for someone who works for a company and has a steady, and predictable revenue stream.

At Element Mortgage, we work with Roseville entrepreneurs by offering them a unique loan program that is built for this type of revenue structure.

Our Expanded Access Loan Program delivers financing options for buyers who may not be able to easily document their income, or if their tax return isn’t an accurate reflection of their ability to make mortgage payments. Specifically, this program offers the ability to use 12 or 24 months of deposits to a bank account to show proof they can qualify.

In addition, the Expanded Access Loan Program offers interest-only adjustable rate mortgages and loan amounts up to $2 million.

Home buyers will also need a minimum credit score of 620 and a debt-to-income ratio of no more than 50 percent. There may be an opportunity to use the Expanded Access Loan Program to get help if you have a short sale or late mortgage payments on your credit history.

If you would like to learn more about your opportunities through this program, contact us today!