Mortgage options for self-employed borrowers
If your income doesn’t fit a traditional W-2, there may still be a path. Non-QM programs can use bank statements, profit and loss statements, 1099s or assets to document qualifying income.
Ways to document your income
Bank statement loans
Use personal or business bank statements to document income.
Profit & loss loans
Qualify using a profit and loss statement for your business.
1099 income
Options for independent contractors paid on 1099s.
Asset-based qualification
Use eligible assets to qualify instead of traditional income.
How non-QM loans differ
Non-QM loans do not meet the Qualified Mortgage criteria. Some programs accept alternative income documentation. Rates, fees, down payments and reserve requirements vary and may be higher than those of other available mortgage options.
Our process
- Step 1
Share your goal
Tell us what you want to accomplish and a little about the property.
- Step 2
Review options
A licensed loan officer walks through programs that may fit your situation.
- Step 3
Apply and submit documents
Complete your application and upload documents securely.
- Step 4
Underwriting to closing
Your loan team keeps you updated through approval and closing.
Talk to a self-employed loan specialist
A licensed LendingHouse loan officer will reach out to review your scenario. No obligation to apply or proceed.
LendingHouse NA, LLC, NMLS #2141418. Equal Housing Lender. This is not a commitment to lend. Financing is subject to applicable credit, underwriting, property valuation and program requirements. Programs, rates, terms and availability vary by state and may change. Not all applicants will qualify.