Mortgages for Self-Employed Borrowers
Flexible documentation options for business owners, freelancers, and independent contractors. Get approved without traditional W-2s.
GET PRE-APPROVEDThe Self-Employed Challenge
Traditional mortgage lenders rely heavily on W-2 income verification, which doesn't work for self-employed borrowers. Business owners, freelancers, contractors, and entrepreneurs often write off business expenses to reduce taxable income—making their tax returns show less income than they actually earn. This creates a catch-22: successful self-employed individuals may struggle to qualify for mortgages despite strong cash flow.
We specialize in self-employed mortgage solutions with access to 260+ lenders offering alternative documentation programs. Whether you use bank statements, 1099s, profit & loss statements, or asset-based qualification, we'll find the right loan program for your situation.
Self-Employed Loan Options
Bank Statement Loans
Qualify using 12 or 24 months of personal or business bank statements instead of tax returns. Lenders calculate income from deposits, making this ideal for borrowers who write off significant expenses.
Documentation:
12-24 months bank statements
Credit Score:
660+
Down Payment:
10-20%
Profit & Loss Statement Loans
Use a CPA-prepared profit & loss statement along with business bank statements to document income. Faster than waiting for tax returns and reflects current business performance.
Documentation:
P&L + bank statements
Credit Score:
680+
Down Payment:
15-20%
1099 Income Loans
For contractors and freelancers receiving 1099 forms, we can use 1099 income documentation with reduced tax return requirements. Great for gig economy workers and independent contractors.
Documentation:
1099s + bank statements
Credit Score:
640+
Down Payment:
10-15%
Asset-Based Qualification
Qualify based on liquid assets (stocks, bonds, retirement accounts) rather than income. Perfect for retirees, investors, or those with significant assets but irregular income.
Documentation:
Asset statements
Credit Score:
700+
Down Payment:
20-30%
Who Qualifies for Self-Employed Loans?
Business Owners
Sole proprietors, LLC owners, S-corp shareholders, and partnership members who own 25%+ of a business.
Freelancers & Contractors
Independent contractors, consultants, and gig workers receiving 1099 income from multiple clients.
Real Estate Investors
Property investors with rental income who write off depreciation and expenses on tax returns.
Commission-Based Professionals
Real estate agents, insurance agents, salespeople with variable commission-based income.
Professional Practitioners
Doctors, dentists, lawyers, accountants, and other professionals in private practice.
Creative Professionals
Artists, designers, writers, photographers, and entertainers with self-employment income.
General Requirements
Business History
- Typically 2+ years self-employment (some programs allow 1 year)
- Business must be active and profitable
- Same industry or related field preferred
Credit & Finances
- Credit score 640-700+ (varies by program)
- Down payment 10-30% (varies by program)
- Cash reserves 6-12 months recommended
What Documentation Do You Need?
For Bank Statement Loans:
- 12 or 24 months of personal or business bank statements
- Business license or proof of self-employment
- CPA letter (some programs)
For P&L Statement Loans:
- CPA-prepared profit & loss statement (YTD and previous year)
- Business bank statements (2-12 months)
- CPA contact information for verification
For 1099 Loans:
- 1099 forms from the last 1-2 years
- Personal bank statements showing deposits
- Business license or proof of ongoing contracts
Why Choose Our Self-Employed Programs?
No Tax Returns Required
Many programs don't require tax returns, eliminating the write-off penalty.
Fast Approval
Streamlined documentation means faster processing and approval times.
Competitive Rates
Access to 260+ lenders ensures competitive rates for qualified borrowers.
Higher Loan Amounts
Qualify for larger loans based on actual cash flow, not tax returns.
Flexible Guidelines
Multiple documentation options to fit your unique business situation.
Expert Guidance
Our team specializes in self-employed mortgages and understands your needs.
Ready to Get Pre-Approved?
Don't let tax write-offs prevent you from buying your dream home. Get pre-approved with flexible documentation options designed for self-employed borrowers.