Hill Mortgage

Bringing Dreams to Reality

  • Home
  • About
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Home Appraisal
    • Home Inspection
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
    • What to Expect at a Loan Closing: A Step-by-Step Guide
  • Calculator
  • Reviews
    • Review Us on Gooogle
    • Review Us On Yelp
  • Blog
  • Apply
  • Contact

Navigating Mortgages as a Self-Employed Professional

March 25, 2025 by Scott Hill

Securing a mortgage as a self-employed professional can be more challenging than for traditional W-2 employees, but with the right preparation and documentation, it is entirely achievable. Here’s a guide to help you navigate the process:

  1. Document Your Income
    Lenders need to assess your financial stability and income consistency. To do this, you’ll need to provide:
    • Tax returns for the past two years
    • Profit and loss statements
    • Bank statements
    • Client invoices or contracts
    • Consistency is key, so showing steady or increasing income over time strengthens your application.
  2. Manage Your Tax Returns
    Many self-employed individuals minimize their taxable income through deductions, but this can reduce the income lenders consider when evaluating your mortgage application. It’s essential to strike a balance between tax savings and showing sufficient income for loan qualification.
  3. Boost Your Credit Score
    A strong credit score can offset some of the challenges associated with self-employment. Pay down debt, make timely payments, and avoid opening new lines of credit before applying for a mortgage.
  4. Increase Your Down Payment
    A larger down payment can make you a more attractive borrower. It reduces the lender’s risk and can help you secure better interest rates.
  5. Work with a Mortgage Professional
    Partnering with a mortgage originator who understands the unique needs of self-employed borrowers can make a significant difference. They can help you find lenders that specialize in working with non-traditional income streams.

While obtaining a mortgage as a self-employed professional may require additional effort, proper documentation, financial management, and the right guidance can help you achieve your homeownership goals.

Filed Under: Mortgage Tagged With: Financial Planning, Homeownership, Mortgage Tips

  • « Previous Page
  • 1
  • 2
  • 3
  • 4
  • 5
  • …
  • 12
  • Next Page »

Scott Hill

Scott Hill


President

DIRECT: (408) 898-0100
scott@hillmortgageinc.com

DRE#01332532/02142750
NMLS#309812/2134092

How can we help?

Stay Connected

Browse articles by category

Quick Links

  • Accessibility Statement
  • Privacy Policy
  • Blog
  • Contact Us

NMLS# 309812/1795430/1636790 CA DRE# 01332532/01520243

Licensed by the CA Department of Real Estate

Equal Housing Opp

Our Location


350 Main Street, Ste H
Pleasanton, CA

Copyright © 2025 · Powered by MySMARTblog

Copyright © 2025 · Genesis Sample Theme on Genesis Framework · WordPress · Log in