{"id":324,"date":"2025-10-19T08:00:00","date_gmt":"2025-10-19T08:00:00","guid":{"rendered":"https:\/\/bluegreymortgage.com\/?p=324"},"modified":"2025-10-19T08:00:00","modified_gmt":"2025-10-19T08:00:00","slug":"324-2","status":"publish","type":"post","link":"https:\/\/bluegreymortgage.com\/324-2\/","title":{"rendered":"? Getting a Mortgage When You\u2019re Self-Employed: What You Need to Know"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Being self-employed comes with incredible freedom \u2014 you set your schedule, build your own brand, and control your income. But when it comes to getting a mortgage, that flexibility can sometimes make the process feel a little more complicated. The good news? With the right preparation and guidance, self-employed borrowers can absolutely qualify for competitive mortgage rates and programs.<\/p>\n\n\n\n<p>At <strong>Bluegrey Mortgage<\/strong>, we specialize in helping entrepreneurs, freelancers, and business owners navigate the mortgage process with confidence.<\/p>\n\n\n\n<p>?<strong> What Counts as \u201cSelf-Employed\u201d?<\/strong><\/p>\n\n\n\n<p>If you own your own business, work as an independent contractor, freelance, or receive 1099 income \u2014 you\u2019re considered self-employed in the mortgage world. Typically, lenders want to see at least <strong>two years of stable income<\/strong> from self-employment to verify that your earnings are consistent and reliable.<\/p>\n\n\n\n<p>?<strong> Documentation You\u2019ll Need<\/strong><\/p>\n\n\n\n<p>While traditional W-2 employees provide pay stubs, self-employed borrowers verify income through documentation such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Personal and business tax returns<\/strong> (usually the last two years)<\/li>\n\n\n\n<li><strong>Year-to-date profit and loss (P&amp;L) statement<\/strong><\/li>\n\n\n\n<li><strong>Business bank statements<\/strong><\/li>\n\n\n\n<li><strong>CPA letter (sometimes required)<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Having these organized and ready helps the process move faster and smoother.<\/p>\n\n\n\n<p>?<strong> Loan Options for Self-Employed Borrowers<\/strong><\/p>\n\n\n\n<p>There are several loan programs designed to help self-employed borrowers qualify:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bank Statement Loans:<\/strong> Instead of tax returns, these use 12\u201324 months of bank deposits to verify income \u2014 great for those who write off many expenses.<\/li>\n\n\n\n<li><strong>Conventional Loans:<\/strong> With solid documentation and a strong credit profile, you can qualify just like a W-2 borrower.<\/li>\n\n\n\n<li><strong>Jumbo Loans:<\/strong> For higher-priced homes, there are flexible jumbo options tailored for self-employed buyers.<\/li>\n<\/ul>\n\n\n\n<p>At Bluegrey Mortgage, we work with a wide range of lenders to match you with the best fit for your situation.<\/p>\n\n\n\n<p>?<strong> Tips to Strengthen Your Application<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Keep business and personal finances separate.<\/strong><\/li>\n\n\n\n<li><strong>Avoid large new business expenses<\/strong> before applying.<\/li>\n\n\n\n<li><strong>Maintain a strong credit profile.<\/strong><\/li>\n\n\n\n<li><strong>Work with a mortgage professional<\/strong> who understands self-employed borrowers (that\u2019s us!).<\/li>\n<\/ol>\n\n\n\n<p>?<strong> The Bottom Line<\/strong><\/p>\n\n\n\n<p>Self-employment doesn\u2019t have to stand in the way of homeownership \u2014 it just takes the right approach. Whether you\u2019re a small business owner, consultant, or gig worker, Bluegrey Mortgage is here to simplify the process and help you make your next move with confidence.<\/p>\n\n\n\n<p><strong>Ready to explore your options?<\/strong><br>? Contact us today to learn more about flexible mortgage programs designed for self-employed borrowers.<\/p>\n\n\n\n<p>__________________________<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being self-employed comes with incredible freedom \u2014 you set your schedule, build your own brand, and control your income. But when it comes to getting a mortgage, that flexibility can sometimes make the process feel a little more complicated. The good news? With the right preparation and guidance, self-employed borrowers can absolutely qualify for competitive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-self-employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/posts\/324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/comments?post=324"}],"version-history":[{"count":0,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/posts\/324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/media\/364"}],"wp:attachment":[{"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/media?parent=324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/categories?post=324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/tags?post=324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}