Self-Employed? 8 Keys to Getting Approved for a Mortgage and Buying a Home

Expect to show extra documentation to prove income and debt levels. Boost your chances by separating business and personal finances and reducing tax deductions.
Hal M. Bundrick, CFP®
By Hal M. Bundrick, CFP® 
Updated
Edited by Mary M. Flory Reviewed by Michelle Blackford

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Your office might be a built-in desk in the corner of a spare bedroom, a downtown co-working space — or the front seat of your pickup. The Bureau of Labor Statistics reports there are 15 million self-employed workers in America living the dream, being their own boss. Sure, it can be a struggle, but there is great satisfaction in seeing your very own business grow from a sketch on paper to profitability.

Until you try to get a home loan. Self-employed people have to work harder to score a mortgage. Here’s how to crack the code on getting the credit you deserve.

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