Self-employed borrowers face challenges getting approved, as traditional lenders still favor predictable W-2 income despite strong financial health.
Modern non-QM loans, like bank statement or P&L options, assess true earning power based on cash flow, not tax returns.
Bank statement loans are the most popular in 2025, providing simpler documentation and faster approvals for freelancers and entrepreneurs.
Lenders focus on consistent income, credit scores above 720, business stability, and manageable debt-to-income ratios for qualification.
Expert guidance helps self-employed buyers choose the right loan type, organize documents, and avoid common approval mistakes.