Self employed home loan

Perhaps the easier option for self employed home loans is to buy a house from a seller offering owner financing. Owner financing offers easier qualification requirements, less paperwork, and a faster closing. The disadvantage is that the purchaser will be working with an individual instead of a lending institution and will most likely have to hire a real estate attorney to handle the transaction. A prospective buyer can identify owners that offer financing by looking for phrases such as motivated seller and all offers considered in MLS.