A Better Way Home for the Self-Employed
Self-employed entrepreneurs work hard to turn their dreams into reality. You shouldn’t have to work even harder to qualify for a mortgage. Other lenders might turn you away, confused by the prospect of navigating documentation from multiple income streams. But Ark embraces entrepreneurs, using our specialized knowledge of complicated transactions to simplify self-employed borrowers’ path to home ownership. We get you qualified and closed faster and easier without endless requests for additional documents.
While we strive to expedite all loans so that they close as quickly as possible, our Entrepreneur’s Fast Track program, (similar to our Express Mortgage Program), is designed to streamline the mortgage application so self-employed borrowers can buy or refinance their home in as few as 21 days following receipt of a complete mortgage application. To be eligible to apply for a Fast Track Mortgage:
- You must specifically request to be placed on the Entrepreneur’s Fast Track at the time of application.
- Because entrepreneurs can have diverse and complex income profiles, you must obtain an Ark Certified Pre-Approval to be eligible for a Fast Track mortgage. An Ark Certified Pre-Approval is free, good for 60 days and is guaranteed. Click here for details.
Once you meet the Express Mortgage eligibility requirements we will discuss your specific needs and goals. What monthly payment do you consider affordable? In how many years do you want to have paid-off your mortgage and own your home free and clear? How much of a downpayment will still leave you with sufficient cash to cover home improvements or an emergency fund? The “right” mortgage is different for everyone and at Ark, we custom-design every loan to ensure it’s a perfect fit.
Once the most appropriate loan for your needs has been identified, your Ark Personal Mortgage Advisor will painlessly guide you in gathering all the documents required to get your loan approved. If you’re a qualified borrower, you’ll usually receive a quick approval which will include the conditions that must be satisfied before closing. Conditions typically include clean title, acceptable property appraisal and other items unique to each borrower and situation. Your Personal Mortgage Advisor will explain and help you address each condition, so the application can be forwarded to our in-house underwriting team. Underwriters will review your information and documentation one last time before clearing it to close.
There you have it—application to closing, usually in 21 days or less—even for self-employed borrowers!
Entrepreneur’s Fast-Track FAQs
Real quotes from real clients:
Spring Valley, NY
Toms River, NJ