I'm Self-Employed — Why Can't I Get a Mortgage?
When your accountant cuts your taxable income — and the bank uses that lower number to deny you.
Nate Jones · NMLS #304056 · New American Funding
What People Ask
Why can't I get a mortgage if I'm self-employed?
Conventional lenders qualify you on the net income shown on your tax return. If you write off heavily, that number is small — often too small to support the mortgage you can actually afford. A bank statement loan ignores tax returns and qualifies you on deposits instead.
What's the alternative to a conventional mortgage for self-employed borrowers?
Bank statement loans, P&L loans, 1099 income loans, and asset utilization loans — collectively called non-QM or alt-doc programs. These qualify you on real income (deposits, P&L, 1099s, or assets) instead of tax-return net income.
Want Nate to Look at Your Situation?
Free review. No credit pull. Send your numbers and Nate will show you bank-statement vs conventional, side by side.