Business owners, freelancers, and independent contractors need a lending plan that reflects real income. Mike Wright structures self employed mortgages with clear documentation and lender choice, including bank statement, 1099, and profit and loss options. Office at 2130 Main St, Suite 250, Huntington Beach. Serving California as the main location. Licensed in AZ, CA, FL, ID, TN, and WY.
Traditional tax returns do not always tell the full story for self employed clients. Bank statement, 1099, and profit and loss options can highlight actual cash flow and support approval when write offs reduce taxable income. Mike Wright reviews your revenue patterns, builds a documentation plan, and presents a clear file so lenders see strength in the way you earn.
Many owners lower taxable income through legitimate expenses. Lenders want a realistic picture of repayment ability. Mike Wright explains how underwriters view add backs, business expenses, and year to date trends, then prepares a summary that aligns with guidelines. You will understand how each item affects qualifying income and how to present numbers that support your goals.
Cash reserves, steady deposits, and clean statements improve approval strength and pricing. Mike Wright helps you season funds, source large deposits, and organize accounts so the paper trail is clear. With stable income patterns and documented reserves, your application shows lower risk and puts you in a better position for terms that fit your budget and timeline.
Self employed borrowers often care about cash flow and flexibility. Conventional and non agency options can offer fixed terms or adjustable choices, sometimes with interest only features for the early period. Mike Wright models scenarios that compare payment, total interest, and equity growth. You will see which structure supports your business cycle and long term plans.
A prepared file moves faster. Mike Wright gives you a tailored checklist for bank statements, business returns if needed, year to date profit and loss, and verification letters where appropriate. He reviews for completeness and flags gaps before submission. With organized documents and clear expectations, you can focus on property decisions while the loan progresses on schedule.
Your first approval may favor flexible documentation. As equity grows and income seasons, a future move to a conventional loan can lower costs. Mike Wright tracks milestones for improved pricing and mortgage insurance removal where applicable. You get a plan for today and a strategy for tomorrow, designed to reduce payment and build long term financial strength.
You get a lending partner who understands business cash flow and how underwriters evaluate it. Based in Huntington Beach and serving California as the main location, Mike Wright is licensed in AZ, CA, FL, ID, TN, and WY. He matches documentation to your profile, coordinates with the lender, and keeps each step organized from pre approval to closing.
Start here to learn how lenders review cash flow, which documents strengthen approval, and how bank statement and 1099 options work. These answers explain timelines, reserve expectations, and paths to lower long term costs through future refinancing when it makes sense. Mike Wright provides clear steps from pre approval to closing so the process feels organized and calm.
It is a home loan designed to evaluate income for business owners, freelancers, and independent contractors. Instead of relying only on traditional tax returns, lenders can consider bank statements, 1099 forms, and profit and loss statements to understand cash flow. The goal is a fair view of your ability to repay based on how you actually earn.
You are generally self employed if you own a business, work as an independent contractor, or receive most income on a 1099. Many lenders look for a two year history, and some will review one year with strong compensating factors. Mike Wright confirms guideline fit and prepares a file that reflects your full earning picture.
Underwriters review trends, seasonality, and the stability of deposits. They may average income over a period and consider eligible add backs. For bank statement options, they apply a business expense factor to deposits. Mike Wright explains the method your lender will use and provides side by side estimates so you know what to expect before you apply.
Expect identification, recent personal and business bank statements, 1099s if applicable, a year to date profit and loss, and prior year returns when required. You may also provide business licenses, a CPA letter, and statements that verify reserves. Mike Wright builds a checklist and reviews everything for completeness to support a smooth approval.
It is a program that uses business or personal bank statements to document income rather than relying on tax returns. Lenders review deposits over a set period to determine qualifying income. This can help when write offs lower taxable income. Mike Wright confirms the right statement period and expense factor for your profile and goals.
Many self employed borrowers can still qualify through programs that look at cash flow instead of adjusted taxable income. Bank statement, 1099, or profit and loss options may help when returns reflect heavy write offs. Mike Wright compares available paths, explains tradeoffs, and shows how each choice affects payment, pricing, and cash to close.
Many lenders prefer two years in business. Some may consider one year when income is strong and your overall profile is stable. Mike Wright reviews your timeline, evaluates compensating strengths such as reserves and credit, and recommends lenders whose guidelines align with your history and goals.
You receive thoughtful preparation, lender choice, and clear communication. Mike Wright understands how to present self employed income, how to organize documents, and how to guide underwriting questions. With a Huntington Beach office and service across California, you get local insight and a steady plan from application to keys in hand.
