Yes, self-employed people can absolutely get a mortgage, you just need to prove your income a little differently. If you own a business, freelance, or work for yourself, you don’t get a regular paycheck or a W-2 form, which is what traditional lenders expect. But that doesn’t shut the door. In my years helping self-employed borrowers, … Read more
Yes, retirees on a fixed income can qualify for a mortgage using non-QM loans, which offer flexible ways to prove you can afford the payment. Traditional loans often struggle with retirement income, but non-QM loans were built for exactly this situation. They can count your savings, investments, and other income sources that regular loans overlook. I … Read more
A no-ratio loan lets you qualify without the lender calculating your debt-to-income ratio. Normally, lenders compare your monthly debts to your income to decide if you can afford a loan. A no-ratio loan skips that step, qualifying you on your credit, down payment, and assets instead. These loans help people whose income is strong but hard … Read more
Use personal bank statements if most of your income lands in your personal account, and business statements if your money flows through a business account. Both types of bank statement loans let self-employed people qualify without tax returns, the difference is which account the lender looks at, and how they count your income. I help … Read more
For a bank statement loan, most lenders ask for 12 or 24 months of statements. For a regular mortgage, they usually just want your 2 most recent months. The number depends on the type of loan you’re getting and how you earn your money. As someone who works with self-employed borrowers every week, I can … Read more
Most non-QM loans in 2026 ask for a down payment of about 10% to 20%, though some go higher depending on your situation. A non-QM loan is a home loan that doesn’t follow the usual “qualified mortgage” rulebook — it’s made for people like the self-employed or investors, who don’t fit a standard box. Because … Read more
Yes, you can refinance your current mortgage into a bank statement loan. This is a great option for self-employed people whose income has changed since they first got their mortgage, or who now find it hard to qualify the traditional way with tax returns. A bank statement loan lets you refinance using your deposits as … Read more
A 1099 income loan lets independent contractors and gig workers qualify for a mortgage using their 1099 forms, instead of tax returns or pay stubs. If you drive for a rideshare app, freelance, do contract work, or run a one-person business, you probably get 1099 forms instead of a W-2. Traditional lenders often struggle with that. … Read more
Yes, you can get a mortgage with less than two years of self-employment, and sometimes with just one year. But here’s the catch almost no one explains: the exceptions exist, they’re real, and they’re barely documented anywhere you can find them. The “two-year rule” is repeated so often that most self-employed borrowers assume it’s an … Read more
Yes, you can absolutely get a DSCR loan through an LLC, and in fact, most DSCR lenders welcome it. This is one of the biggest advantages DSCR loans have over conventional mortgages. Because a DSCR (Debt Service Coverage Ratio) loan is a business-purpose loan that qualifies based on a rental property’s income rather than your … Read more
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