Self Employed Borrowers

Alternative Financing Mortgage Program for Self-Employed Borrowers

Running your own business can be stressful. Buying a home doesn’t have to be.  At Island Federal we recognize the unique financial profiles and time constraints of small business owners and entrepreneurs. That’s why we’ve built the Self-Employed Mortgage Program.  Through this exclusive program, our Home Lending Team will walk you through the prequalification process step-by-step to help you borrow up to $1,000,000 for your dream home. Between our decades of experience working with small business owners and our competitive mortgage rates we are the perfect business partner to help guide you through your home buying journey.

• Single Family Primary Residence
• Minimum FICO Score of 700
• Purchase or Refinance
• Maximum Loan Amount up to $1,000,000
• Minimum 2 Years Business Ownership
• Refundable Rate Lock Fee*

Rates and terms subject to change without notice. All offers of credit are subject to underwriting approval. Homeowners insurance required on all loans secured by real property; flood insurance may also be required. Maximum LTV 75%. $1,000,000 maximum loan amount. *Loan must close within 60 days from original lock-in date for refundable rate lock fee. Single-Family primary residence. No condos, co-ops or townhouses. Additional terms and conditions apply. Membership eligibility applies.