Self-Employed Mortgage Guide: Qualify Without W-2s
4 min read
Self-employed income can look different on a tax return than it does in the day-to-day operation of a business. Depending on the loan program, there may be several ways to document qualifying income.
How do you document income when you're self-employed?
When you work for yourself, your income does not fit a neat box. That trips up many lenders.
Self-employed income can look different on a tax return than it does in the day-to-day operation of a business. Depending on the loan program, there may be several ways to document qualifying income, including traditional tax returns, bank statements, or other approved methods.
There are other ways to show what you really earn. Bank statement loans look at your business cash flow and actual deposits over time instead of your tax return. We know how to read these and tell the true story of what you earn.
If your business brings in healthy revenue, you may qualify using your real cash flow. We look at the whole picture, not just a tax-return number.
The Bottom Line
If your business brings in healthy revenue, you may qualify using your real cash flow instead of your tax returns. Many self-employed buyers find options here that other lenders overlooked.
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