Getting a mortgage when you’re self-employed can feel like a challenge, but it’s absolutely possible with the right preparation and lender. Self-employed individuals often face additional documentation requirements since traditional pay stubs aren’t available. Instead, lenders will look at your tax returns, business income, and expenses to assess your financial stability. Be prepared to provide at least two years of consistent income, along with bank statements, profit-and-loss statements, and other business records.

Specialized loan programs and flexible underwriting options cater to self-employed borrowers. For example, some lenders offer bank statement loans, which assess your income based on deposits rather than tax returns, or stated income loans for those with complex financial situations. While these loans may come with slightly higher interest rates, they provide much-needed flexibility. Working with a lender experienced in self-employed financing can make the process smoother, ensuring you secure the home loan that fits your needs.