Most programs require only 1-2 years of self-employment history. In some cases, if you transitioned to self-employment in the same field you previously worked in as a W-2 employee, we may be able to count some of your employment history. The key is showing consistent income and business stability.

We offer multiple documentation options: bank statements (12-24 months), 1099 forms, profit & loss statements prepared by a CPA, or business tax returns if you prefer. We'll work with you to determine which option shows your income in the best light and requires the least hassle.

Not with our self-employed programs. We understand that smart business owners maximize deductions to minimize taxes. Our underwriters can add back many business expenses to your qualifying income, including depreciation, business use of home, business mileage, and other legitimate deductions.

Minimum credit scores typically range from 620-680 depending on the specific program, down payment amount, and overall financial profile. Higher scores (700+) generally qualify for better rates. We can discuss credit improvement strategies if you're close to qualifying.

Down payment requirements vary by program and property type. For primary residences, we offer options starting at 10-15% down. Investment properties typically require 20-25% down. The larger your down payment, the better your rate and terms will be.

Yes, you can use self-employed mortgages for primary residences, second homes, and investment properties. Each property type has specific requirements and rates. Many of our self-employed clients use these programs to purchase both their home and investment properties.

Variable income is completely normal for self-employed professionals, and our programs are designed with this in mind. We look at average income over the documentation period (12-24 months) rather than requiring steady identical payments every month. Seasonal businesses and fluctuating income patterns are understood and accommodated.

Our self-employed mortgage rates are competitive with traditional mortgages. Rate depends on credit score, down payment, loan amount, and documentation type. Many self-employed borrowers qualify for rates similar to W-2 employees. Bank statement programs may have slightly higher rates than traditional documentation, but the difference is often minimal with good credit and adequate down payment.

If you have less than 1 year of self-employment history, we may still have options if you have significant reserves, a large down payment, or if you were previously employed in the same field. Contact us to discuss your specific situation—we evaluate each application individually and look for ways to make approval work.

Yes, partial business owners (25% or more ownership) can typically use self-employed income for qualification. We'll need documentation of your ownership percentage and your share of business income. Partnership and LLC income are commonly used for mortgage qualification.