If you’re self-employed and planning to buy a home this year, a little preparation can make a huge difference in your approval and rate.

Here’s how to set yourself up for success:

1️⃣ Organize Your Financials

Lenders love clarity. Have your tax returns, bank statements, and profit & loss statements ready to go. Keeping business and personal accounts separate shows professionalism and helps underwriters verify income faster.

2️⃣ Watch Your Deductions

While business write-offs lower your taxes, they can also reduce your qualifying income on paper. If homeownership is a near-term goal, talk to your CPA about a balanced strategy that supports both tax efficiency and loan approval.

3️⃣ Strengthen Your Credit

Good credit can offset complex income. Pay down revolving debt and make sure your credit reports are error-free before applying.

4️⃣ Build a Cash Cushion

Having reserves — even just a few months’ worth of mortgage payments — reassures lenders that you’re financially stable, even if business slows.

🏁 The Takeaway

Preparation is power. Whether you’re a real estate agent, contractor, or entrepreneur, the right planning helps you qualify faster and with better terms.

At Bluegrey Mortgage, we’ve helped countless self-employed clients secure home loans tailored to their unique income structure.

Contact us today to start your pre-approval — we’ll help you make your numbers work for you.

___________