MENU

Mortgages for the Self-Employed

We Make It Easy!

No Tax Returns
No W2s
No Problem

Qualify with one of the following:

Bank Statements
1099
Borrower Prepared P&L
CPA Prepared P&L

Get a Mortgage Quote!

Free No Obligation Consultation

NOTE - We respect your privacy. Any and all information collected at this site will be kept strictly confidential and will not be shared or otherwise disclosed.

Max characters: 300

I acknowledge that, by click on the “Get Quick Quote” button as my official signature, I consent to a representative of Self-EmployedLender.com and/or its Marketing Partners contacting me about its services. I agree to share my information and I agree to receive information by way of email, telephone calls or text messages, including emails, telephone calls or text messages that are generated through automated means via an automatic dialer, or artificial or pre-recorded messages. Message and data rate may apply. I understand that my consent to receive calls is not required in order to purchase any goods or services. By submitting my information, I confirm that I understand and agree to the Terms of Service and Privacy Policy of this site.

Simplifying the Mortgage ProcessFor the Self-Employed

If you have questions, our experienced loan officers are standing by to help you through the process.

Apply Online or Call

Our licensed loan officers will explain your loan options to you and help you complete your initial loan application.

Processing

Your home will be appraised. Your loan application will be processed and underwritten with alternative documentation.

Closing & Funding

When your loan is approved, a closing date will be set for you to sign. Your loan proceeds will be disbursed as instructed.

Get your FREE No Obligation Consultation Today! Call (866) 757-1121

Program Highlights

This program is designed for Borrowers who are sound credit risks using limited documentation and based on a common-sense approach to underwriting.

Self-Employed Mortgage Programs Available

Borrower Prepared P&L

Borrower Prepared P&L Required
No Tax Returns
No W-2s
No 1099s
No Supporting Bank Statements
No Mortgage Insurance
No Prepayment Penalty
Not a Hard Money Loan

CPA Prepared P&L

CPA Prepared P&L Required
No Tax Returns
No W-2s
No 1099s
No Supporting Bank Statements
No Mortgage Insurance
No Prepayment Penalty
Not a Hard Money Loan

Bank Statement

Supporting Bank Statements Required
No Tax Returns
No W-2s
No 1099s
No Profit & Lost
No Mortgage Insurance
No Prepayment Penalty
Not a Hard Money Loan

1099 Only

1099 Required
No Tax Returns
No W-2s
No Profit & Loss
No Supporting Bank Statements
No Mortgage Insurance
No Prepayment Penalty
Not a Hard Money Loan

A+ Service Guaranteed

Highly Experienced
Low-Interest Rates
Simplified Process
Fastest Closing in the Industry

Eligible Properties

Single-Family Residential
Townhomes
Condominiums
Non-Warrantable Condos
2 to 4 Unit Residential Properties

Eligible Occupancy

Primary Residence
Secondary Residence
Investment Properties

Find Out How Much You Qualify For. Apply Now

WHY CHOOSE US

Our Approach

Self-EmployedLender.com from OptionWide^® has always understood that each client has a different need. We believe getting a home loan shouldn’t be a process even if you are self-employed. Our "Client First" philosophy strives to meet the needs of self-employed borrowers by providing a full spectrum of mortgage products, quality service and individual attention. This is our commitment to you. It’s the type of service you should expect from us.

Transparency and Integrity

You’re more than just a loan. It is our responsibility to help you understand how your loan works. We help you understand exactly where you’re at and exactly what options may be available to you. Your mortgage experience shouldn’t be a process. It should be clear and transparent. You should leave knowing more about how your loan is working for you, and how it is meeting your needs both short term and in the future.

Our Experience

Every person’s situation is different, especially when you are self-employed. Inexperienced mortgage lenders can make mistakes which create a stressful experience that can cost you both time and money. With over 100+ years of combined mortgage lending experience coupled with a focus on loans specific to the self-employed, our team of mortgage professionals is a resource of information. We are available to help guide you through the entire process and answer your questions every step of the way.

Our Promise

At the end of the day, our business is about closing loans but funding your loan is just the beginning. We want to be your last lender. We will continually monitor interest rates, new product offerings and notify you when there are opportunities that you can take advantage of. We will always make ourselves available to you even after the transactions is complete. This is our promise.

We specialize in mortgages for the self-employed. Get Started Now!

Clients Testimonials

Self-Employed Lender | Small business owner. Mortgage Refinance

Stephanie T. CA

I didn’t think it was possible to get financing after being denied multiple times for a mortgage. Self-EmployedLender.com help me refinance and get the cash I needed when I thought I simply couldn’t qualify. Thank you!

Self-Employed Lender | Small business owner. Bank Statements Only

Charles D. AZ

I had to take a secured personal loan that was factored against my future earnings just to meet my obligations. It was expensive but I had no alternative. Thankfully, Self-EmployedLender.com was able to use my monthly deposits to verify my income.

Self-Employed Lender | No Tax Returns, No Paystubs, No W2s

Jessica C. CO

No Tax Returns. No Paystubs. No W-2s. They don’t care about your write-offs. It’s really that simple.

Self-Employed? Now you can cash-out and consolidate all your debts. Apply Now.

Frequently Asked Questions

Self-Employed borrowers that take advantage of their business tax deductions can now qualify for a mortgage loan by providing alternative income documentation. Some of the most frequently ask questions regarding this mortgage product offering are below

1Who can qualify under the Self-Employed Program?

Only Self-Employed Borrowers who have been in business for a minimum of 2 years or an individual who receives 1099 income for a minimum of 2 years. Business License, Tax-Preparers Letter, or Corporate Paperwork is also required in addition to providing your bank statements.

2What type of document is required under the P& L only program?

Under the Profit and Loss (P&L) program, self-employed borrowers have 2 options – (1) a “borrower prepared P&L” and (2) a “CPA prepared P&L.” Under this program, no supporting bank statements are required. This program is designed for higher credit borrowers with sufficient equity in their homes and a higher reserve requirement.

3What type of document is required under the 1099-only program?

Under the 1099 program, a 1099 employee can qualify simply with their 1099s. No tax returns are required.

4What type of documents is required under the Bank Statement Program?

Under the Bank Statement Program, self-employed borrowers are required to provide at least 12 to 24 months of most recent consecutive bank statements (all pages) coupled with a Profit and Loss Statement of the business that is prepared by the borrower’s accountant. The bank statements are used in lieu of the borrower’s need to provide two years of tax returns, two years of W-2s, and most recent pay stubs covering a one-month period.

5Under the bank statement program, Are Personal Bank Statements or Business Bank Statements required?

When evaluating bank statements as it pertains to income and borrower’s ability to repay, an underwriter takes an average monthly deposit over a period of 12 to 24 months. If business tax returns are used, then an estimated monthly operating expenditure is deducted from the average deposits. The amount deducted is usually 50% but can be evaluated on a case-by-case and can be industry specific.

6Can I refinance and cash-out?

Yes, you can refinance and cash out as you normally would do under a traditional refinance transaction. A borrower would still need to have satisfactory collateral, and credit, and still, need to qualify under the debt-to-income ratios of the loan program to cash out. Cash-out can be used to meet reserve requirements.

7Can gift funds be used?

In purchase transactions, gift funds can be used towards a down payment but 5% must be the borrower’s own funds. For some individuals who have FICO scores above 680 and LTV below 70%, 100% of gift funds may be used towards a down payment, closing cost, and reserves. Loan amount restrictions apply when 100% gift funds are used.

Self Employed Lender New