Start with documentation
Tax returns, business records, bank statements and other documentation may be relevant depending on the loan program.
INCOME IS NOT ONE-SIZE-FITS-ALL
Self-Employed & 1099 Home Loans
Self-employed and 1099 borrowers can qualify for home financing, but documenting stable, usable income often requires a more individualized review.
Apply Now ↗Taxable income matters
Business deductions can affect qualifying income under traditional agency guidelines.
Alternative programs may exist
Depending on the borrower and program, bank-statement, 1099 or other non-traditional documentation options may be considered.
Assets and reserves matter too
Strong assets and reserves can be important parts of the overall mortgage profile.
Review before shopping
An early review can identify documentation issues and help you understand realistic purchasing power before making an offer.