Self-employed home buyers generally need to present tax returns (usually two years), including Schedule C for sole proprietors, profit and loss statements, bank statements, and 1099 forms.

However, everyone's story is unique, and so are the documents you might need. 

Talk to a Mortgage Advisor to get a clear list tailored to your situation.

Lenders typically look at your net income plus depreciation and other non-cash expenses to determine your qualifying income. 

They usually average this over the last two years. 

If your income has increased recently, you might be able to use a more recent year's income.

Let's discuss how your unique income can work towards securing your mortgage.

Short self-employment history doesn't automatically disqualify you.

With an employment history of less than 2 years, you will need a minimum of 10% deposit 

With a 10% deposit however, you should expect to pay high interest rates and fees - much higher than standard rates. 

But if you want to get your home now, then we can get you approved at 10% and refinance to a lower rate in another 12 months if you're situation continues to improve.

Reach out to us to discuss how we can work with your unique financial history.

A good credit score can significantly impact your loan terms and interest rates. 

Lenders typically look for a score of 620 or higher for conventional loans, but higher scores can get you better rates.

Have less than perfect credit score? Don't worry! Our mortgage experts will help you improve your credit score before applying. Talk to an expert now.

Absolutely! Refinancing options are available for self-employed individuals. 

The process and documentation required are similar to those for a new mortgage, and we can assist you in exploring these options. Speak to an Advisor.

We offer a variety of mortgage products suitable for self-employed individuals, including conventional loans, jumbo loans, and government-backed loans like FHA and VA loans.

Each has different requirements and benefits. Let's discuss the best loan options for you.

While tax deductions can lower your taxable income, they can also reduce the income considered for your mortgage application. 

It's important to find the right balance. Let's discuss the best mortgage strategy for you.

Improving your credit score, reducing debts, and increasing your down payment can all help. Keeping your financial documents organized and up-to-date is also crucial. 

We can provide personalized tips based on your financial situation. Speak to an Advisor.

Yes, lenders will look at the stability and consistency of your income. 

Let's discuss strategies to present your income in the best light, such as averaging income over a period or highlighting upward trends in earnings.

It's possible to use business funds for your down payment, but this requires proper documentation to ensure the funds are not borrowed and to verify the impact on your business. 

We can guide you through this process. Speak to an Advisor.