Buying a home just got easier for entrepreneurs Arizonathanks to vibrato, a new mortgage
credit company in Phoenix.
PHOENIX, December 13, 2022 /PRNewswire/ — Buying a home is part of the American Dream. Achieving that vision, however, can be challenging. Self-employment and entrepreneurship can present additional barriers to finding a home.
This is a challenge that is only growing with a rapid growth rate within the workforce that now identifies as self-employed.
To meet this challenge, vibrato comes into play. Vibrato’s founders understand that as the workforce changes and becomes more unique, the mortgage lending process must change.
Vibrato, a mortgage lender based in Phoenixis specifically designed to help the self-employed Arizona Residents find the perfect home to continue their work.
Vibrato caters to the entrepreneurial crowd by looking at bank statements or 1099 income instead of tax returns to help those eager home seekers find their dream home. Using bank statements over tax returns ensures that deductions don’t wipe out a self-employed person’s chances of qualifying for a mortgage.
Best of all, it’s a simple process for the self-employed or entrepreneur to see what type of loan they may qualify for. Before even requiring a credit check, the Vibrato team consults with the prospective homebuyer to discuss the home they wish to purchase. The different types of mortgages that the person may qualify for are discussed with details of interest rates and fees.
Vibrato offers home purchase, refinance, and equity payout loan options.
“We want everyone, regardless of their job, to have the opportunity to qualify for a loan and get the home they dreamed of,” he said Sean Coleman, the co-founder of Vibrato. “We understand that self-employed people make their living differently than traditional W-2 employees, which is why we created a process to serve that individual.”
Vibrato prides itself on disrupting the traditional mortgage process and creating a more equitable environment for the self-employed and entrepreneurs who dream of owning their own home.
Vibrato would love to talk about why the mortgage lending process needs to change when the workforce changes.
Vibrato was founded by Tim Hargis and Sean Coleman. Hargis and Coleman both helped build and grow sales of one of the largest and most successful direct-to-consumer e-commerce companies, Tuft and Needle 200 million dollars in 5 years and led to a successful acquisition Serta Simmons in 2018. At Tuft and Needle, Hargis led marketing and business development, and Coleman helped lead the software development teams.
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