Can I get a mortgage while self-employed?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes, self-employed borrowers qualify every day. The standard route uses two years of tax returns, with lenders averaging your net business income. Strong, stable or growing income makes this straightforward.
If write-offs shrink your taxable income, bank statement loans and 1099 programs let you qualify on deposits or gross receipts instead of net profit. We match self-employed Florida buyers to whichever method gives the highest qualifying income.
Yes, with the right proof
Yes, self-employed buyers get mortgages every day. The difference is how you document income. Instead of pay stubs, lenders look at your tax returns, and often a profit-and-loss statement, to confirm what you earn.
Most conventional and FHA loans want two years of self-employment history. That track record shows your income is stable enough to support a mortgage.
Options beyond tax returns
If your tax returns show a lot of write-offs, a bank statement loan may fit better. It qualifies you on deposits rather than net income, which often boosts the amount you can borrow.
We work with self-employed buyers all the time and know which loan reads your income best. Apply now and we will find the strongest path for your business.