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