Being your own boss comes with freedom, flexibility, and a fair share of challenges. One of those challenges? Getting a mortgage.

If you’re self-employed, you might have already heard that securing a home loan is “tricky” or “more complicated.” While it’s true that lenders require a bit more paperwork, it’s absolutely possible to get a mortgage that fits your needs. You just need to know your best options.

At Alpha Mortgage, we specialize in helping self-employed professionals like you secure home financing—without the headache. Let’s break it down.

Why Is It Harder for the Self-Employed?

Unlike traditional employees who receive a fixed salary, self-employed individuals have fluctuating income, tax write-offs, and non-traditional pay structures. Lenders love stability, so proving that your income is reliable takes a little extra effort.

But don’t worry—it’s doable. You just need the right mortgage option.

Your Best Mortgage Options

1. Traditional Income Verification Mortgage

If you’ve been in business for at least two years and report a steady income on your tax returns, you can qualify for a conventional mortgage just like a salaried employee.

Key requirements:

• At least two years of tax returns
• Good credit score
• Bank statements to show consistent cash flow

Pro tip: Many self-employed borrowers write off expenses to reduce taxable income, but remember—your reported income is what lenders will use to assess your loan eligibility.

2. Bank Statement Mortgage (No Tax Returns Needed)

If tax write-offs make your income look lower than it really is, this option could be a game-changer. Instead of tax returns, lenders review your bank statements (usually the last 12-24 months) to assess income.

• No tax returns needed
• Great for freelancers, entrepreneurs, and small business owners
• Higher down payments may be required

This option gives you more flexibility and allows your true income to shine.

3. Stated Income Mortgage (Alternative Income Documentation)

For those who have strong financials but complex tax returns, a stated income mortgage allows you to provide alternative documentation, like:

• Profit & loss statements
• Business revenue records
• CPA letters

Lenders look at your full financial picture rather than just tax returns, making this an ideal option for business owners with strong cash flow.

4. Asset-Based Mortgage (Use Your Assets, Not Income)

If you have significant savings or investments, some lenders will use those assets instead of traditional income proof.

For example:

• Investment accounts, retirement funds, or real estate holdings
• No traditional income verification needed
• Ideal for high-net-worth individuals with fluctuating income

If you’ve built a solid financial foundation, this could be a stress-free way to qualify for a mortgage.

How to Increase Your Approval Chances

Whichever mortgage type fits you best, here are some proven ways to boost your approval odds:

• Keep Business & Personal Finances Separate – Lenders love clarity. A separate business account makes it easier to prove your income.
• Boost Your Credit Score – A higher credit score means better rates. Pay bills on time and keep credit usage low.
• Save for a Bigger Down Payment – A larger down payment can offset lender concerns and help secure better terms.
• Work with a Mortgage Expert – At Alpha Mortgage, we specialize in helping self-employed professionals navigate this process with ease.

Yes, getting a mortgage while self-employed takes a bit more effort—but with the right approach, it’s absolutely possible. Whether you go the traditional route or opt for a bank statement, stated income, or asset-based mortgage, you have options.

At Alpha Mortgage, we’re here to make the process simple, stress-free, and tailored to your unique financial situation.

Ready to explore your mortgage options? Get in touch with us today and let’s turn your homeownership dreams into reality.