Self employed borrowers are able to obtain a mortgage loan with a bank statements instead of a tax return, W-2s or pay stubs to verify their monthly income. However, the application process for a mortgage is the same regardless of whether you work for yourself or not.
An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). The loan program is designed for low-to-moderate income borrowers. FHA loans require a lower minimum down payments and lower credit scores than many conventional loans.
The Arizona Housing Finance Authority's HOME Plus program offers creditworthy home buyers a 30-year, fixed-rate mortgage, as well as assistance funds that can be applied towards the down payment on the home, or its closing costs up to 5% of the Purchase Price.