02/11/2026
SELF-EMPLOYED & WANT TO BUY A HOME? READ THIS
One of the biggest myths I hear is:
“I’m self-employed, so I probably won’t qualify for a mortgage.”
Not true.
You just have to show your income the right way.
Here’s what lenders typically look for
OPTION 1: Two Years of Tax Returns (With Growth)
Example:
Year 1 – 2024 Tax Return
Gross Revenue: $150,000
Business Expenses: $90,000
Net Profit (what lenders use): $60,000
Year 2 – 2025 Tax Return
Gross Revenue: $210,000
Business Expenses: $110,000
Net Profit: $100,000
Notice the growth?
Lenders LOVE consistency and upward trends.
In this example, the lender may average the two years:
$60,000 + $100,000 = $160,000 ÷ 2 = $80,000 qualifying income
That’s what helps determine how much house you can afford.
If you write off everything to avoid taxes, you may accidentally disqualify yourself from buying.
OPTION 2: 12 Months of Bank Statements (Bank Statement Loan Program)
Some lenders allow you to qualify using deposits instead of tax returns.
Example:
Total business deposits over 12 months: $180,000
Lender applies expense factor (ex: 50%)
Qualifying income: $90,000
OR
If you have a CPA letter stating lower business expenses (ex: 30%),
You may qualify using more of your deposits.
These programs are AMAZING for:
* Hairstylists
* Realtors
* Contractors
* Beauty professionals
* Entrepreneurs
* Anyone paid via CashApp, Zelle, POS systems, etc.
Pro Tip from a Broker + Business Owner:
• Separate business & personal accounts
• Pay yourself consistently
• File taxes strategically (not emotionally)
• Plan 12–24 months before you want to buy
Buying as a business owner is absolutely possible, it just requires strategy.
If you’re self-employed and planning to purchase in the next 1–2 years, let’s create a game plan now.
Message me to connect with my preferred lenders and build your approval strategy the right way.
Your business should fund your freedom, not limit it. 🏡
Valerie Whidbee #335206
Broker | Vyne Realty Group LLC
984-800-5172
