Self-Employed Borrowers

Explore income documentation for business owners and independent workers.

💼 THE BASICS, SIMPLY EXPLAINED

Know the starting points.

Down payment: Depends on the loan program you choose
Credit score: Depends on the program and lender
Debt-to-income (DTI): Depends on how your qualifying income is documented

In simple terms

Being self-employed does not create one down payment rule. A conventional, FHA, VA, or other available loan has its own requirements.

The income used to qualify may differ from your business revenue or deposits. Review the required tax returns, business records, or alternative documentation with Mr Sam.

General guidance, not approval criteria for every lender. Credit, property, income, reserves, and program availability are reviewed together.

Understand DP, credit score, and DTI ↗

WHO IT MAY SUIT

Start with your scenario.

For borrowers whose income needs a review beyond a straightforward wage statement.

What to discuss

Discuss how you are paid, your ownership, and how long the business has operated.
Review applicable tax returns, financial records, and income documentation.
Ask whether conventional or alternative-documentation options fit your facts.

Does self-employment mean I must use an alternative program?

No. The appropriate path depends on your documented income and the loan requirements. Alternative-documentation programs have their own eligibility and pricing.

How do I get a personalized review?

Tell us your goal and property state, then use the application portal if you are ready to provide the required information. Availability and approval depend on lender requirements and applicable licensing.

Read official borrower guidance ↗