Mortgage Glossary
Self-Employed Borrower
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
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.
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