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Self-Employed Borrowers

Who is considered self-employed?

  • An individual who has a 25% or greater ownership interest in a business

  • It is best if you have been in business for at least two years to show the stability and strength of your income​​

  • When a borrower is using self-employment income to qualify for the loan and also intends to use assets from their business as funds for the down payment, closing costs, and/or financial reserves, the lender must perform a business cash flow analysis to confirm that the withdrawal of funds for this transaction will not have a negative impact on the business.

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