Being self-employed comes with incredible freedom — 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.

At Bluegrey Mortgage, we specialize in helping entrepreneurs, freelancers, and business owners navigate the mortgage process with confidence.

💼 What Counts as “Self-Employed”?

If you own your own business, work as an independent contractor, freelance, or receive 1099 income — you’re considered self-employed in the mortgage world. Typically, lenders want to see at least two years of stable income from self-employment to verify that your earnings are consistent and reliable.

📄 Documentation You’ll Need

While traditional W-2 employees provide pay stubs, self-employed borrowers verify income through documentation such as:

• Personal and business tax returns (usually the last two years)
• Year-to-date profit and loss (P&L) statement
• Business bank statements
• CPA letter (sometimes required)

Having these organized and ready helps the process move faster and smoother.

💡 Loan Options for Self-Employed Borrowers

There are several loan programs designed to help self-employed borrowers qualify:

• Bank Statement Loans: Instead of tax returns, these use 12–24 months of bank deposits to verify income — great for those who write off many expenses.
• Conventional Loans: With solid documentation and a strong credit profile, you can qualify just like a W-2 borrower.
• Jumbo Loans: For higher-priced homes, there are flexible jumbo options tailored for self-employed buyers.

At Bluegrey Mortgage, we work with a wide range of lenders to match you with the best fit for your situation.

💰 Tips to Strengthen Your Application

1. Keep business and personal finances separate.
2. Avoid large new business expenses before applying.
3. Maintain a strong credit profile.
4. Work with a mortgage professional who understands self-employed borrowers (that’s us!).

🏠 The Bottom Line

Self-employment doesn’t have to stand in the way of homeownership — it just takes the right approach. Whether you’re 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.

Ready to explore your options?
👉 Contact us today to learn more about flexible mortgage programs designed for self-employed borrowers.

__________________________