Many people believe being self-employed makes it harder to qualify for a mortgage, but that’s a misconception. While working for yourself comes with freedom—setting your own hours, being your own boss, and building something you love—it doesn’t mean homeownership is out of reach. In fact, there are a variety of loan programs designed specifically to help self-employed individuals qualify.

 

The Money Guy is here to guide you through the process, match you with the right program, and make sure your hard work pays off in the form of a place you can call home.

Self-Employment Loan Programs

Being self-employed shouldn’t hold you back from homeownership—and with the right loan program, it won’t. At The Money Guy, we work with entrepreneurs, contractors, and independent professionals to secure financing that actually fits their lifestyle and income.

 

 

Bank Statement Loans
The Bank Statement Loan Program is tailored for self-employed borrowers who don’t fit the traditional W-2 model. With fixed-rate interest, 30-year terms, and no prepayment penalties, it gives you the flexibility of a conventional loan while qualifying based on your actual income flow. You’ll typically need a 20% down payment, a FICO score of 680 or higher, and a debt-to-income ratio under 50%.

 

 

Stated Income Loans
If you prefer a no-doc route, Stated Income Loans make qualifying even simpler. They require less paperwork, no W-2s, and no tax returns—but do call for stronger credit and a larger down payment. With a 70% loan-to-value cap, you’ll need at least 30% down, a credit score of 700+, and proof of liquid assets. For high earners and investors who want speed and flexibility, this option is a strong fit.

Whether you’re running your own business, freelancing, or building your empire, homeownership is within your reach.

 

Contact The Money Guy today—we’ll walk you through your best options and help you move into the home you deserve.