As a self-employed individual, you may have faced difficulty securing a home loan from a traditional lender. Fortunately, there are lenders who specialize in helping self-employed people secure the financing they need to purchase a home. Kimberly Home Loans is one such lender, offering a variety of loan options for self-employed borrowers.
Kimberly Home Loans offers several loan options specifically tailored to the needs of self-employed individuals. These include a fixed-rate loan, an adjustable-rate loan, and a jumbo loan. The fixed-rate loan offers a fixed interest rate and payment, while the adjustable-rate loan offers a variable rate and payment that can be adjusted periodically. The jumbo loan is designed for higher-priced homes and offers more competitive rates and terms.
In addition to these loan options, Kimberly Home Loans also offers a number of features and tools designed to make the process of securing a loan easier and more efficient. These include an online application process, online loan tracking, and a mobile app for loan status updates. The company also offers a variety of loan payment options, including automatic payments, bi-weekly payments, and balloon payments.
In order to qualify for a loan from Kimberly Home Loans, you must meet certain eligibility requirements. These include having a minimum credit score of 680, an acceptable debt-to-income ratio, and sufficient income to cover the cost of the loan. You also need to provide proof of self-employment, such as tax returns or bank statements.
Kimberly Home Loans also offers a number of special programs for self-employed individuals, including down payment assistance and cash-out refinance programs. These programs can help make home ownership more affordable for self-employed borrowers.
If you’re a self-employed individual looking for a home loan, Kimberly Home Loans may be the right choice for you. With a variety of loan options and special programs available, they’re well-suited to meet the needs of self-employed borrowers. With their easy application process and competitive rates, they’re a great option for anyone in the market for a home loan.Kimberly Home Loans for Self-Employed Individuals: What You Need to Know