Lenders use your net taxable income, not your gross revenue. If you take significant deductions, your qualifying income may be lower than you expect. We help you understand the numbers upfront.
Most programs want to see at least two years of self employment income. We review your tax returns and identify which loan program gives you the strongest qualification.
If your tax returns do not tell the full story, a bank statement loan may allow you to qualify based on your actual deposits rather than your taxable income.
Whether you are a sole proprietor, LLC, S Corp, or partnership affects how your income is documented. We know how to read each structure and present your file correctly.
Self employed files require more documentation upfront. We walk you through exactly what you need before you apply so there are no surprises mid process.
Self employed borrowers have real options. Here is what to weigh before moving forward.
These loan options are specifically designed for borrowers whose income does not fit neatly into a W‑2 box.
Self‑employed borrowers who own their own business and write off significant expenses on their tax returns.
Freelancers and independent contractors with strong income who do not receive a traditional W‑2 from an employer.
Borrowers who have been denied elsewhere because of how they file their taxes and need an advisor who understands their situation.
Straight answers to the questions we hear most often.
Most self‑employed borrowers qualify by showing stable income over time, usually with tax returns, profit‑and‑loss statements, or bank statements, along with meeting minimum credit score and debt‑to‑income guidelines.
Lenders often ask for one to two years of personal and business tax returns, recent bank statements, profit‑and‑loss statements, and documentation for any 1099 income, plus standard items like identification and asset statements.
Some self‑employed and non‑agency programs let you qualify using twelve to twenty four months of personal or business bank statements or 1099s to document cash flow, which can help if tax write‑offs reduce your taxable income.
Down payment requirements are often similar to traditional borrowers, although some self‑employed programs may ask for a slightly larger down payment or stronger credit to offset variable income.
Many lenders look for at least two years of self‑employment in the same line of work, although some may consider one year if you have a strong history in that field and can document stable income.
