Self-Employed Mortgage Loans in Kansas City
Owning a business shouldn’t keep you from owning a home. I’ll look at the standard options first, then the alternatives.
Who it’s for
- Business owners and sole proprietors
- Independent contractors and 1099 earners
- Commission-based earners with variable income
- Borrowers who’ve been turned down because of how their income looks on paper
What lenders typically look at
Two years of history
Most standard loans want about two years of self-employment, with a stable or rising income.
Tax returns
Standard loans typically use two years of personal and business tax returns. Lenders usually average your net income.
Other documents
A year-to-date profit and loss statement, a business license, and bank statements may be requested.
Write-offs matter
Deductions that lower your tax bill also lower the income a lender can count. That is often why self-employed borrowers hear no.
Alternatives
If tax returns don’t tell the whole story, options like bank statement loans may help.
Typical ranges are shown for general information only. Requirements, rates, and availability vary by lender, program, property, and borrower, and are subject to change. This is not a commitment to lend.
How it works with me
Talk it through
Call or text me, meet in person, or connect online. I learn your goals and look at your whole situation.
Get your numbers
I shop your loan across my network of 250+ lenders, compare your options, and explain the costs in plain language.
Close with confidence
I keep you updated, answer your questions, and stay with you through closing day.
Common questions
How do lenders calculate self-employed income?
Usually they average your net income from the last two years, then adjust for certain items like depreciation. I’ll walk through the math with you so there are no surprises.
What if I’ve been in business less than two years?
It can still be possible, especially if you worked in the same field before. Some programs accept a shorter history, so call me and we’ll look at it.
What if my income went down this year?
Lenders look at the trend, and the reason matters. A lower year can affect how much you qualify for. We’ll talk through your situation.
Told no somewhere else? Call me.
I can’t promise a yes, but I’ll look at every option. Call or text, or meet in person.