Traditional income verification can be challenging for self-employed borrowers. Lotly uses a number of novel income verification methods and offers stated income mortgages.
We can help you understand the net financial impact of using tax deductions to minimize income while paying a higher mortgage rate. Already have an accountant? We can connect with them!
Lotly is a market leader in novel approaches to verify self-employed income.
If you are able to provide traditional income verification via tax documents, you will have very similar options to borrowers who are employed.
If you use personal tax reduction strategies, we can confirm your income using your business financial statements and bank account cash flow analysis.
If you are unable to verify your income but have high credit, we may be able to arrange a self-declared income mortgage for you.