This course is designed to equip real estate agents with the specialized knowledge and skills necessary to successfully assist self-employed individuals in the home-buying process. Participants will learn how to navigate the complexities of qualifying self-employed home buyers for various types of loans, understand different income sources and documentation requirements, and explore alternative lending options tailored to the unique financial situations of self-employed clients.
Understanding Self-Employed Income
Learn how to qualify income from personal tax returns, including Schedule C, Schedule E, and Schedule F. Understand business tax returns and how to utilize 1120S, 1065P, W-2 wages, and K-1 distributions
Loan Qualification for Self-Employed Buyers
Explore qualification criteria for conventional, FHA, VA, and USDA loans with self-employed income. Discover alternative lending options such as Bank Statement Loans, Profit and Loss Statement Loans, and Asset Depletion Loans
Documentation and Verification
Master the required documentation, including profit and loss statements, bank statements, and letters of explanation for inconsistent deposits. Learn the importance of CPA-prepared financial documents and sufficient asset verification
Specialized Lending Options
Understand the requirements and benefits of DSCR loans for investment properties. Get acquainted with loan options for different property types, including single-family residences, multi-family units, condos, townhomes, and construction to permanent loans
This course will provide real estate agents with the expertise needed to effectively support self-employed home buyers, ensuring a smoother and more successful home buying experience.
Class is Available On-Demand Through My Agent Station
Watch the webinar at your convenience and take your expertise to the next level. Learn valuable insights that fit your schedule.
At Keller Home Loans, we are dedicated to education.
At Keller Home Loans, education is the cornerstone of our philosophy because we understand that the world of mortgages is constantly evolving. We are committed to fostering an environment of continuous learning, enabling real estate agents to stay ahead in an ever-changing landscape.
Our educational initiatives cover a wide range of topics, from understanding different loan programs and mortgage rates to navigating complex financial scenarios. We recognize that well-informed real estate agents are instrumental in helping individuals and families achieve their dreams of owning a home. Together, let us embark on a journey of knowledge and growth as we work hand in hand to shape a brighter future for the real estate industry.