SELF-EMPLOYED MORTGAGE LOANS

Your Income Doesn't Fit in a Box.

Your Mortgage Shouldn't Either.

Traditional tax returns don't always tell the full story for business owners and self-employed borrowers. Explore mortgage options that may use bank statements, 1099 income, or profit & loss statements to help document qualifying income.

SEE WHAT I QUALIFY FOR →

Bank Statements • 1099 • P&L • Business Owners

BUILT FOR SELF-EMPLOYED BORROWERS

You Built the Business.

We'll Help You Navigate the Mortgage.

A traditional mortgage may rely heavily on taxable income shown on your tax returns. For self-employed borrowers, business deductions can sometimes make that number look very different from actual cash flow.

Alternative-documentation loan programs may provide other ways to evaluate income.

Choose How You Qualify

More Than One Way to Show Your Income.

MORE FLEXIBILITY

Your Tax Return Isn't Always the Whole Picture.

Business deductions can reduce taxable income, which can sometimes make traditional mortgage qualification more challenging for self-employed borrowers.

Depending on the loan program, alternative documentation may allow eligible borrowers to demonstrate income differently.

FIND YOUR FIT

Which Option May Work For You?

Self-Employed Loans

A Quick Look at the Key Guidelines

  • 620+ Credit Score
    Many of our self-employed and alternative-documentation loan programs are available to borrowers with credit scores of 620 or higher, subject to program and underwriting requirements.

  • 15%–20% Down
    Down payment requirements typically range from 15% to 20%, depending on the loan program, credit profile, property type, and occupancy.

  • Available for All Property Types
    Self-employed loan programs may be available for primary residences, second homes, and investment properties

  • 6–12 Months
    Reserve requirements typically range from 6 to 12 months of mortgage payments, depending on the loan program, loan amount, property type, and borrower profile.

  • Depending on the loan program, income may be documented using 2 years of 1099s, 12–24 months of personal or business bank statements, or a Profit & Loss statement prepared by an accountant.