If you are self-employed, a new corporation or entity or simply took a loss on your personal or business taxes then you may find it difficult to get a commercial real estate loan approval – especially from conventional financial lenders. It sometimes seems that traditional lenders have an unspoken bias against the self-employed and new entities with less than 2 years in business, a company experiencing a bad year, or seasonal workers / businesses.
But there is one solution to this, and it is called a no-income verification mortgage. Now, let us explain about this mortgage first. Afterward, we will tell you about the property owners, corporations, businesses, and small to middle market real estate investors who need this financial product, and the different things to keep in mind before applying for a no-income verification mortgage in Florida and throughout the continental United States.