Self-Employed? Here's How You Can Qualify for a Mortgage
At Texas Lending Partners, we know that owning your own business, freelancing, or working as a 1099 contractor doesn’t make your path to homeownership less valid—just a little less traditional. And that’s okay! We're here with smart, flexible mortgage solutions designed to work with your unique income situation, not against it.
💼 Self-Employed? You’ve Got Options.
Traditional mortgage lenders often rely on tax returns to verify income. But for self-employed buyers who reinvest in their business or take deductions (smart!), those returns don’t always tell the full story.
That’s why we offer alternative loan programs that allow you to qualify based on:
✅ Business or personal bank statements
✅ Verified profit and loss (P&L) statements
✅ Assets like retirement or investment accounts
So whether you’re a gig worker, consultant, sole proprietor, or full-time entrepreneur—there’s a mortgage option with your name on it.
🏡 Types of Self-Employed Mortgage Solutions
1. Traditional Loan Qualification
If your tax returns show steady income and you haven’t taken too many write-offs, a traditional loan might still be a fit. This typically requires:
2 years of personal and business tax returns
A current, accurate P&L statement
This route works best for those whose reported income closely matches their actual earnings.
2. Bank Statement Loans
Perfect for business owners who take deductions or don’t show consistent taxable income. Instead of tax returns, we review:
12–24 months of bank statements
Monthly deposits to calculate average income
This is a popular option for:
Self-employed borrowers
Independent contractors (1099s)
Gig workers with multiple income sources
3. Asset-Based Loans
Got strong savings or investments? You may be able to use those assets to qualify—no W-2s or tax returns needed.
Great fit for:
Retirees
High-net-worth individuals
Investors with irregular income
We’ll use your assets to calculate a qualifying income and determine eligibility.
📝 What You’ll Need
While these loan options offer more flexibility, there are still some key requirements:
P&L statements (often prepared by a CPA)
12–24 months of bank statements or 1099s
Proof of liquid assets
Possibly a larger down payment, depending on the program
But don’t worry—we’ll walk you through every step.
🚀 The Mortgage Process for Self-Employed Borrowers
Here’s what to expect when you partner with Texas Lending Partners:
We meet to understand your financial picture.
We choose the best loan option together.
You gather documents (bank statements, P&L, assets).
We submit everything to underwriting.
You get approved—then we close on your dream home!
🧠 Why Work With Texas Lending Partners?
Because we get it. Our team has helped countless self-employed borrowers navigate the mortgage process with less stress and more clarity.
✔️ Flexible options tailored to non-traditional income
✔️ Experienced loan officers who understand self-employment
✔️ Competitive rates and custom strategies to help you qualify
✔️ Hands-on guidance from start to finish
Let's Make Homeownership Happen
Being self-employed shouldn't mean being left out of the homeownership conversation. Whether you’re buying your first home, upgrading, or refinancing, Texas Lending Partners has your back.
📲 Reach out today and let’s find the mortgage solution that fits your life and your business.
