Home Financing for Self Employed

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The Lowdown on Home Loans for Self Employed Individuals

Self Employed

Creative Mortgage Financing Solutions for Self Employed Borrowers

As a self employed borrower you will run into potentially more issues than if you were a pay stub or W2 employee.  We will need to evaluate a Schedule C or K1’s two years tax returns, all 1099’s and pull your credit.  Typically these borrowers will take an average of their two years tax returns.  If you have been in business for 5 years or more we can offer a one year option for strong credit buyers.  We need to evaluate unreimbursed expenses an can add back items as well but we need full tax returns in order to calculate income properly.

The options for these buyers will typically utilize a Conventional home loan.

Loan Solutions for Self Employed Borrowers

Here’s how our home loan process works:

  • Complete our basic mortgage application
  • Receive loan options based credit score
  • Compare interest rates and mortgage terms
  • Choose the estimate that meets your needs

Getting a Loan When You're Self Employed

These borrowers may be eligible for one year self employed depending on how long they have been in business and what their credit score is.  If you have had an LLC for 5 years or more and stronger credit such as 700 credit score then it is highly likely you will qualify for a mortgage based on one years tax returns instead of two years!

  • Fixed Rate Mortgages
  • One Year Self Employed Options
  • Two Year Average Income Options
  • Jumbo & Super Jumbo Loans
  • Terms from 10 to 30 Years
  • Schedule C or K1’s Review for Taxes
  • Individual License or Company Docs

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