Being self-employed shouldn’t stop you from owning a home. Whether you’re a business owner, freelancer, or independent contractor, our mortgage solutions provide flexible income verification, alternative loan options, and tailored financing to match your unique financial situation. Let’s find the right mortgage for you today!
A self employed mortgage is designed for borrowers who earn income outside of W-2 employment. These loans take into account the full picture of your earnings, including business revenue, bank deposits, and other income streams, offering flexible ways to qualify without relying on tax returns alone.
These loans are ideal for sole proprietors, business owners, gig economy workers, contractors, real estate agents, and anyone receiving 1099 income. If your income is complex, seasonal, or not accurately reflected in your tax returns, a self employed mortgage could be a better fit.
Not always. Depending on the program, you may qualify using 12 to 24 months of bank statements, a profit and loss statement verified by a CPA, or other alternative documentation. This gives you more control over how your income is reviewed and verified.
Lenders use your average income based on monthly deposits, business performance, or documentation from your accountant. Expense ratios may apply, especially for business accounts, but flexible underwriting allows for a tailored income approach that works with your finances.
Whether you’re purchasing a home, refinancing, or investing, self employed borrowers have access to a wide range of products. This includes bank statement loans, P and L programs, asset-based loans, and non-QM options that offer more freedom than traditional loans.
The application process is designed to be transparent and efficient. You’ll work with a loan advisor who understands self employment income, gather the right documentation, and get a clear understanding of your buying power. Our goal is to make your path to homeownership straightforward and stress-free.
LUMI Funding Group makes it easier for self employed borrowers to get approved without the hassle of explaining every line of a tax return. We understand that your income may be structured differently and your paperwork more complex — and we’re prepared to guide you through the process with ease. Our team specializes in flexible mortgage solutions, including bank statement loans and profit and loss documentation. Whether you’re buying your dream home or refinancing for better terms, we’ll help you move forward with confidence and clarity.
Yes. Many mortgage programs are built specifically for self employed borrowers who don’t receive W-2 income. You can qualify using bank statements, business financials, or verified income from a CPA.
This depends on the program. Some lenders require 12 or 24 months of personal or business bank statements. Others allow for a CPA-prepared profit and loss statement. You won’t necessarily need full tax returns if you qualify under a flexible documentation program.
Not always. Many self employed borrowers can qualify with as little as 10 to 20 percent down, depending on the loan type, property, and financial profile. Strong credit and income stability can help improve your terms.
Rates may be slightly higher compared to traditional W-2 borrower loans, especially if using non-QM or alternative documentation. However, they are competitive and reflect the added flexibility in how income is qualified.
Yes. Self employed mortgages can be used for primary residences, second homes, or investment properties. These programs work well for real estate investors or business owners looking to expand portfolios without jumping through the usual hoops.
Most lenders prefer at least two years of self employment history, but some may allow for just one year if you have prior experience in the same industry or strong compensating factors like good credit and reserves.
Self employed mortgages offer a flexible and reliable path to homeownership for business owners, freelancers, and independent professionals. By using bank statements, profit and loss statements, or asset verification, these loans provide real options to those who may not qualify under conventional lending rules. They can be used for primary residences, second homes, and even investment properties. While the process may be slightly different, it’s straightforward with the right support — and a perfect fit for those who want financing that reflects how they actually earn.
