Patrick TabaMortgage Loan Advisor E Mortgage Capital E Mortgage Capital
Menu

Patrick Taba, also known as Mortgage PatrickMortgage Loan Advisor in Orange County, California

Self-employed? Let's qualify you on what you really earn.

Write-offs help at tax time and hurt at loan time. Depending on your situation, you can qualify with tax returns, bank statements, 1099s or a profit and loss statement.

Get my optionsApply online
4.8 out of 5 from 50+ client reviews

Patrick Taba (Mortgage Patrick), NMLS #1553052, Santa Ana, CA. E Mortgage Capital, Inc., NMLS #1416824, licensed in 47 states. In states where Patrick isn't individually licensed, you'll be connected with a licensed E Mortgage Capital loan officer.

Four ways to qualify

  • Tax returns

    If your returns show enough income, a conventional loan usually offers the best pricing.

  • Bank statements

    Qualify using 12 to 24 months of personal or business deposits instead of tax returns.

  • 1099 income

    Independent contractors can qualify using 1099 forms instead of full tax returns.

  • Profit and loss statement

    Some programs accept a profit and loss statement prepared by a CPA or tax preparer.

Bank statement, 1099 and profit and loss loans are non-QM loans. They usually come with higher rates and larger down payments than conventional loans, so I always compare every path first.

What I'll usually ask for

  • Proof of two years of self-employment (some programs allow less if you worked in the same field before)
  • A business license, CPA letter or other proof your business is active
  • Personal or business bank statements
  • Tax returns or 1099s, depending on the program
  • A photo ID

From a client

Patrick is very professional and knowledgeable! His attention to detail allowed for a smooth and effortless transaction. Thank you Patrick!

Nima H.Birdeye review

Self-employed questions

How long do I need to be self-employed?

Many programs look for two years of self-employment. Some allow less if you worked in the same field before going out on your own.

Personal or business bank statements?

Either can work. Business statements usually have an expense factor applied, so we'll check which gives you the stronger qualifying income.

Will my rate be higher?

Usually, yes. That's why I compare a bank statement loan with a full-documentation loan first, so you only pay for flexibility if you need it.

Get your options

Share a few details and I'll follow up by phone or text. Rather reach out yourself? Use any of these.

E Mortgage Capital is licensed in 47 states. Pick your state in the form, and if I'm not licensed there, I'll connect you with a licensed loan officer on our team.

"Patrick and Erica best combo team to get your financing needs met with peace of mind - period."

Mohammed K., Birdeye review

Patrick TabaMortgage Loan Advisor, NMLS #1553052

Step 1 of 2

Read the privacy policy to see how your information is used.