As a self-employed business owner, you know what it means to chase dreams.
Why should your dream home be any different?
At Austin Capital Mortgage, we see the potential in your unique financial story and offer home loan solutions crafted to fit your entrepreneurial lifestyle.
We understand the hurdles you might face with traditional lenders, and we're here to smooth the path for you with:
in Loans Funded
Years of Experience
Happy Families & Homeowners
Top 25 Mortgage Lenders in Texas Since 1996
Whether your goal is to purchase a new home, refinance your existing one, or access your home's equity, we're here to provide our expert guidance and support.
We approve loans for:
Reduce Your Monthly Payments
Interested in lowering your monthly payments? Let's explore how refinancing at a lower interest rate can benefit you.
Flexible Loan Terms
As your needs evolve, so should your mortgage. We offer a variety of refinancing options to better align with your current circumstances.
Streamlined Process
Our goal is to make your refinancing experience straightforward and stress-free, with all the support you need along the way.
Tailored for Self-Employed Individuals
We understand that traditional W-2 forms may not work for you.
That's why our loan products are specifically designed for the unique income structures of freelancers, gig workers, entrepreneurs and other unconventional earners.
Expert Guidance Throughout the Process
Buying a home should be exciting, not overwhelming. Our team is dedicated to providing clear, step-by-step assistance tailored for self-employed home buyers.
Leverage Your Home Equity
Whether it's for consolidating debt or funding a major project, your home's equity can be a valuable resource.
Competitive Refinancing Rates
We offer attractive rates for cash-out refinancing, ensuring a financially beneficial decision.
Custom Equity Solutions
Let's discuss the most effective strategies for tapping into your home's equity, with your financial goals as our top priority.
Average Rating: 5 Stars? Sounds too good to be true, right? But excellence is just our standard. It's the only way we know how to work.
I can not say enough good things about Rachel Brown at Austin Capital Mortgage.
To say I wouldn't be a homeowner without her is not an exaggeration.
For two years Rachel has worked with me on finding, financing and closing on a home. Her advice locked in an interest rate that made my home affordable and her help with financing was invaluable.
This was a stressful process and her availability and vast knowledge made all the difference. I will always be grateful to her for her guidance and expertise in buying my home!
Racheal C.
Austin Capital Mortgage just completed my refinance start-to-finish in 3 weeks!
Banks are overwhelmed with refinance applications and many folks can't even get approved for one, or if they do, it's taking 8 weeks or more.
I filled out the application, send my documents, and a couple weeks later answered an email about what time I wanted to close.
It was the easiest lending experience I have ever had. This is my third loan with them and I'm still surprised each time at how easy it is. Not only that, my rate was a half percent lower than Bankrate's average. I also liked that I'm helping a local business. I worked with Jeff, Adrienne, and Charlie and they are rock stars.
My refinance was small, especially in Austin terms, but they made me feel like their most important customer throughout the process.
I can't say it enough, Austin Capital Mortgage is the best Mortgage company in Austin.
P. J. Lang
Charlie and his team did an exceptional job helping me close on my first home loan. They offered the best rate/least points of the multiple lenders that provided me with quotes, including local credit unions. When you get the best price and the best service, using Charlie's team is a no-brainer.
Leslie was very conscious of my time and even pushed back on my behalf to minimize requests. She was very patient with me despite all the extra questions I had that come with being a first-time buyer.
Charlie went the extra mile to help solve an appraisal issue, for which I am extremely grateful. Even though it was my first time working with them, they treated me as if I was a long-time customer and truly cared about making sure I was satisfied.
I strongly recommend reaching out to Austin Capital Mortgage and getting a quote. It was probably the smartest thing I did when purchasing my first home.
Ben Cowles
We had a wonderful experience with Austin Capital Mortgage. Josh Cruz was our agent, and he worked tirelessly to make sure that we were on track to obtain our loan.
He even asked emergency questions for us on Christmas Eve!
We live in rural West Texas where closings usually takes months, but with Mr. Cruz’s help, we were able to have everything wrapped up in about a month.
Everything was so fast and easy because Josh worked so hard for us.
Kelly Havner
My husband and I were referred to Rachel Brown with Austin Capital Mortgage by our realtor, and we could not be more happy with the service she provided.
She was able to get us a very low mortgage and was even able to adjust it within the lock in period when rates dropped even lower.
We were first time homebuyers so throughout the process we had a lot of questions that Rachel was more than willing to provide the answers to in a very timely manner.
It was always great to know that when a pressing need arose Rachel was just a call away to help with us understand and take the appropriate action.
She even made the trip to be at our closing in Houston to be sure we understood all the documents during the process.
We would highly recommend Rachel and Austin Capital Mortgage to anyone looking for a new home or to refinance.
Andrea Bucher
Where should I begin, Charlie and Adrienne are awesome! They were upfront with what I needed to provide in order to qualify for a Home loan. I was able to speak with one them whenever a concern came up.
After going with 3 different banks, almost running out of time Austin Capital Mortgage were able to help me and required the least amount of down payment compared to the other 3 banks. They made it possible to buy my home in time and not lose my earnest money.
I wish I would have found them first and would have avoided the hassle and stress caused by the other banks.
My advice to anyone who reads my review give them a try you might be in for a surprise when you realize how two great personnel like Charlie and Adrienne can make your loan process super easy.
Maricela Salas
Being your own boss means smart financial planning. That's where our mortgage calculator comes in. Get a clear view of your future expenses and plan your finances like a pro with our easy-to-use mortgage calculator!
Your Estimated
Monthly Payment:
Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.
PMI The PMI (Private Mortgage Insurance) is a mortgage lenders' protection in the event of a default. PMI is paid monthly as part of your mortgage payment to the lender. Once a borrower has paid the equivalent of the 20% down payment, PMI can be removed from the monthly mortgage payment.
With Austin Capital Mortgage, you're not just getting a loan - you're getting a financial partner who understands your unique needs and is invested in your long term financial success.
Austin Capital Mortgage has been ranked as one of the Top Mortgage Lenders in Texas, every year since 1996 by the Austin Business Journal.
We have an Average User Rating of 5 Stars across Google, Yelp, Zillow, and Facebook, and we've been operating since 1996, so you do the math.
Our 1099 home loans are specifically designed to accommodate your variable income. We accept a range of income proofs, from bank statements to tax returns.
Our 1099 home loans help you leverage your potential tax benefits, enhancing your overall financial standing and making homeownership more attainable.
At Austin Capital Mortgage, we've streamlined our approach to make your journey to homeownership, refinancing, or accessing equity as smooth and stress-free as possible.
Understanding Your Needs
It all starts with a conversation. We sit down with you (virtually or in-person) to understand your specific needs, financial goals, and unique situation as a self-employed individual.
Expert Guidance
Our experts provide insights into various loan options and processes, ensuring you have all the necessary information to make informed decisions.
Choosing the Right Loan
Based on your needs and financial situation, we help you select the most suitable loan option.
Application Process
We guide you through the application process, assisting with paperwork and necessary documentation, tailored to the nuances of 1099 income earners.
Detailed Verification
Our team meticulously processes your application, verifying all the details and documentation.
Regular Updates
You'll receive regular updates on the status of your loan application, ensuring transparency and clarity throughout the process.
Thorough Review
In this stage, our underwriters review your application in detail, assessing risk and ensuring all criteria are met.
Transparent Communication
We maintain open lines of communication, addressing any queries from the underwriting team and coordinating any additional information they may require.
Loan Approval
Once your loan is approved, we'll discuss the final terms and prepare for closing.
Closing Process
We'll schedule and facilitate the closing process, ensuring a smooth and hassle-free finalization of your loan.
Continued Assistance
Even after closing, our team is here to provide ongoing support and answer any questions you might have.
Future Financial Planning
We’re committed to building long-term relationships and are available to assist with any future financial needs or mortgage-related questions.
From our experienced loan advisors to our super-supportive staff, we've got a crew that really gets the ins and outs of self-employment mortgage needs. Get to know the faces behind our exceptional service.
We are here to clear up any confusion and guide you on your path to homeownership or refinancing. Here are some of the most common questions we get, with a quick way to connect with our mortgage advisors for more detailed answers.
Self-employed home buyers generally need to present tax returns (usually two years), including Schedule C for sole proprietors, profit and loss statements, bank statements, and 1099 forms.
However, everyone's story is unique, and so are the documents you might need.
Talk to a Mortgage Advisor to get a clear list tailored to your situation.
Lenders typically look at your net income plus depreciation and other non-cash expenses to determine your qualifying income.
They usually average this over the last two years.
If your income has increased recently, you might be able to use a more recent year's income.
Let's discuss how your unique income can work towards securing your mortgage.
Short self-employment history doesn't automatically disqualify you.
With an employment history of less than 2 years, you will need a minimum of 10% deposit
With a 10% deposit however, you should expect to pay high interest rates and fees - much higher than standard rates.
But if you want to get your home now, then we can get you approved at 10% and refinance to a lower rate in another 12 months if you're situation continues to improve.
Reach out to us to discuss how we can work with your unique financial history.
A good credit score can significantly impact your loan terms and interest rates.
Lenders typically look for a score of 620 or higher for conventional loans, but higher scores can get you better rates.
Have less than perfect credit score? Don't worry! Our mortgage experts will help you improve your credit score before applying. Talk to an expert now.
Absolutely! Refinancing options are available for self-employed individuals.
The process and documentation required are similar to those for a new mortgage, and we can assist you in exploring these options. Speak to an Advisor.
We offer a variety of mortgage products suitable for self-employed individuals, including conventional loans, jumbo loans, and government-backed loans like FHA and VA loans.
Each has different requirements and benefits. Let's discuss the best loan options for you.
While tax deductions can lower your taxable income, they can also reduce the income considered for your mortgage application.
It's important to find the right balance. Let's discuss the best mortgage strategy for you.
Improving your credit score, reducing debts, and increasing your down payment can all help. Keeping your financial documents organized and up-to-date is also crucial.
We can provide personalized tips based on your financial situation. Speak to an Advisor.
Yes, lenders will look at the stability and consistency of your income.
Let's discuss strategies to present your income in the best light, such as averaging income over a period or highlighting upward trends in earnings.
It's possible to use business funds for your down payment, but this requires proper documentation to ensure the funds are not borrowed and to verify the impact on your business.
We can guide you through this process. Speak to an Advisor.
Serving Families Since 1996
We combine ethical lending practices, personalized service, and innovative solutions to redefine what it means to be a mortgage lender.
Phone
+1 512 891 0778
Email
loans@austincapitalmortgage.com
Address
3801 N Capital of Texas Hwy J-180, Austin, TX 78746, USA
2023 Austin Capital Mortgage, a division of Aspire Home Loan | All Rights Reserved | Member FDIC | NMLS 1955132 | Privacy Policy
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