If you run your own business or work as a freelancer, you can absolutely buy a home. Lenders just look at your income a little differently.
What lenders usually want to see
Tax returns, often for the last two years.
Profit and loss statements.
Bank statements for business and personal accounts.
A steady or growing income history.
Why it can feel harder
Lenders look at your net income after business expenses, which can be lower than what you earn before deductions. That means planning ahead matters.
How to prepare
Keep your records organized and up to date.
Separate business and personal accounts.
Pay down debts and avoid new credit before applying.
Talk to a lender early, even a year before you plan to buy.
Ask your tax professional how your filings will look to a lender.
Loan options
Some lenders offer programs designed for self-employed buyers. Rates and rules vary, so compare more than one.
Be patient and prepared
A strong file helps your application move faster. I work with lenders who are experienced with self-employed clients and I am glad to introduce you.
Ready to find out where you stand? Contact me and we will make a plan.
