I talk to self-employed borrowers every day, and one of the biggest challenges they face is getting approved for a mortgage. In fact, 49% of self-employed mortgage applications are denied. And what’s worse? 34% don’t even apply because they think they’ll get rejected.
Here’s the reality—most self-employed borrowers get turned down for one of these reasons:
Income fluctuations – Lender’s struggle with irregular income.
2 years self-employed – Most lender need you to be S/E for 2 years
Tax write-offs – Writing off too much can make it look like you don’t make enough.
Wrong lender – Some lenders just don’t know how to work with self-employed applicants or have the loan products
Credit score misconceptions – You don’t need perfect credit to qualify.
Down payment myths – No, you don’t need 20% down.
But here’s the good news—there are workarounds for all of this. The key is working with the right lender (like me) who understands self-employed income.
✔️ Alternative documentation – You don’t need two years of tax returns. Bank statement loans, P&L statements, and other options exist.
✔️ Flexible guidelines – There are lenders who specialize in self-employed mortgages.
✔️ Better loan options – You can qualify without a business bank account, and you don’t need a massive down payment.
Bottom line—if you’ve been denied or thought you couldn’t get approved, let’s talk. We help S/E borrowers every day that have been turned down or never thought it was possible.
If you make money, have 15 to 20% down, credit 680 + and been S/E for 1 year, there is a good chance we can help.
Shoot me a quick reply or set up a call to go over your scenario and options.
Location
2020 Lomita Blvd,
Torrance, CA 90101
United States
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