Self-Employed Borrower
A self-employed borrower owns a business or works as an independent contractor and documents income differently than a W-2 employee.
What Self-Employed Borrower means
Lenders typically average two years of tax returns or use bank-statement programs, accounting for write-offs that lower taxable income. Stable or rising income strengthens the file.
Florida example
A Florida contractor whose returns show modest net income after deductions qualifies through a bank-statement loan that counts deposits instead, unlocking a realistic loan amount.
What it means
A self-employed borrower earns income from a business they own rather than a W-2 job. Lenders review tax returns or bank statements to verify it.
Write-offs can lower the income that shows on paper.
How to qualify
Bank statement and non-QM loans can qualify you on real cash flow, not just tax returns. That helps many business owners.
We specialize in self-employed files. Reach out and we will find a loan that fits your income.
Related program: Learn more →
Verify the details for your own situation against these government and agency sources: IRS ITIN overview and CFPB non-QM explainer.