Loan Options for Self-Employed Homebuyers

If you are self-employed or freelance, the mortgage application process may look different than it does for those with a traditional employer.

Waterstone Mortgage offers a variety of loan options for self-employed homebuyers.


bank statement program

With Waterstone Mortgage’s Bank Statement Program, homebuyers can purchase or refinance a home without providing tax returns and extensive documentation.

  • 12- or 24-month bank statement options available
  • As low as 20% down payment required
  • FICO as low as 640
  • DTI up to 49.99% allowed
  • 30- or 40-year fixed-rate loan options available
  • Available for loan amounts up to $3 million, call for details
  • Includes a 1099 income option
  • Allowed on primary residence and second homes
  • Non-warrantable condos allowed, call for details


additional financing options

In addition to our Bank Statement Program, self-employed homebuyers may take advantage of other loan programs, tailored specifically to those with non-traditional income sources.

  • Loan amounts up to $3 million
  • Debt-to-income is not calculated
  • As low as 700 FICO required
  • Purchase and refinance loans available
  • No employment or income documentation required — ask for details
  • Available on primary residences and second homes

These loans aren’t exclusive to those who are self-employed or own a small business. Others may find these offerings beneficial, including:

  • Retired individuals
  • Buyers with volatile or irregular income
  • Seasonal and gig workers
  • Owners and employees of cash businesses
  • Buyers who are newly self-employed
  • Buyers with disqualified income
  • Buyers with equity trapped in their home