SELF EMPLOYED

Self-Employed Home Loans are designed for business owners, independent contractors, freelancers, and 1099 earners who may not qualify through traditional W-2 income guidelines. These programs offer flexible income documentation options that make it easier for self-employed borrowers to purchase or refinance a home.

Instead of requiring W-2s or traditional paycheck stubs, self-employed borrowers can qualify using:

• 12 or 24 months of personal or business bank statements
• 1099 income from the past 1–2 years
• CPA letter + business profit-and-loss statement
• Traditional tax returns (optional if choosing a bank-statement program)

whichever best reflects their true income.

Whether you’re a small business owner or run a large operation, these programs accommodate borrowers whose tax returns show significant write-offs but who have strong cash flow.

Down payments vary by program, with options starting as low as 10% down, and additional choices at 15% and 20% down depending on documentation type and credit profile.

Minimum score requirements typically start around 620–660, depending on the loan type and documentation method (bank statement, 1099, or Profit and Loss).

You may qualify using one of the following:

• 12 or 24 months of personal or business bank statements
• 1099 income from the past 1–2 years
• CPA letter + business profit-and-loss statement
• Traditional tax returns (optional if choosing a bank-statement program)

We evaluate your debt-to-income ratio (DTI) based on verified income sources. Most self-employed programs allow DTIs up to 43–50%, depending on overall financial strength.