Self-Employed Mortgage Loans

Home Financing That Understands Your Business

If you’re self-employed, you already know traditional lending doesn’t always tell the full story. Between write-offs, fluctuating income, and business expenses, your tax returns might not show what you actually earn — but that doesn’t mean you can’t qualify for a great mortgage.

At Closing with Daniel, I work with lenders who specialize in bank statement and profit-and-loss (P&L) mortgage programs, designed specifically for business owners, freelancers, and entrepreneurs.

Bank Statement Loans

Instead of looking at your tax returns, these loans use your personal or business bank statements to calculate qualifying income.

Here’s how it works:

Provide 12 or 24 months of bank statements.
The lender averages your deposits to determine income.
You can use personal or business accounts — whichever shows your true cash flow.
No tax returns required.
Great for self-employed borrowers, gig workers, and business owners with legitimate write-offs.

Key Benefits:

Qualify based on actual income flow, not taxable income.
Down payments as low as 10–15%.
Available for primary homes, second homes, and investment properties.
Options for LLCs or business entities.

This program is perfect if you have strong deposits and want your loan to reflect the success of your business — not just what your accountant wrote off.

P&L (Profit and Loss) Loans

If your business has clear records and consistent performance, a P&L mortgage can be an even simpler solution.

How it works:

Instead of bank statements, you provide a year-to-date P&L statement (often prepared by your CPA).
Some programs don’t require bank statements at all — just the P&L.
Ideal for seasoned business owners with well-documented revenue and expenses.

Key Benefits:

Fast approval process.
Works well for borrowers with multiple businesses.
Available for purchase or refinance.
No tax returns or W-2s needed.

Which Option Is Right for You?

Feature	Bank Statement Loan	P&L Loan
Income Verified By	12–24 months of bank statements	CPA-prepared P&L statement
Best For	Borrowers with strong deposits and variable income	Business owners with clear bookkeeping
Documentation	Personal or business bank statements	P&L statement (some may request bank summary)
Use Cases	Self-employed, freelancers, 1099 earners, LLCs	Owners with established businesses
Property Types	Primary, second home, investment	Primary, second home, investment

No matter your setup — whether you’re a real estate agent, contractor, designer, or small business owner — there’s a path to homeownership that fits how you earn.

Why Work With Me

As part of NEXA Mortgage, I have access to dozens of lenders who specialize in self-employed loans. That means more flexibility, better pricing, and real guidance — not guesswork.

I’ll help you:
✅ Find the right documentation strategy (bank statements vs. P&L).
✅ Structure your file to highlight your real income.
✅ Get approved with lenders who understand business cash flow.