Being self-employed shouldn’t prevent you from becoming a homeowner. Traditional mortgage guidelines can sometimes make qualifying difficult for business owners, independent contractors, freelancers, and 1099 borrowers—especially when tax deductions reduce the income shown on your tax returns.
As a mortgage broker with access to more than 160 lending sources, I can review multiple ways to document your income and find a mortgage program that fits your financial situation.
Depending on the loan program and your qualifications, self-employed mortgage options may include conventional and government-backed loans, 12-month profit-and-loss (P&L) programs, bank-statement loans, 1099 income programs, and other alternative income-documentation options. Some programs may allow qualification without relying solely on traditional tax-return income.
Whether you’ve already been turned down by a bank or you simply want to know what you qualify for, I can review your income, credit, assets, and goals to determine which options may be available.