Self Employed Loans Made Easier

Get Your Self-Employed Mortgage Quote Today!



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Flexible Mortgage Solutions for Self-Employed Borrowers

Don’t get penalized for a smart tax return! Traditional mortgage options put self-employed people in a box, but we specialize in helping you find mortgage solutions that expand your options.

Newfi provides a unique self-employment program that allows you to document your income whether you’re a contract worker, have an LLC, own part of a corporation, or self-employed in any way!

  • Flexible income options
    • 1 or 2 Years Personal or Business Bank Statements
    • 1099 or Contract Work
    • P&L, CPA Options
    • Combined Income for multiple sources
  • 2 Years Self Employment History Required 
  • 15% Down on Purchases and Rate & Term Refinances and 20% Down on Cash-Out
  • Purchase, Refinance, and Cash-Out Options
  • Loan Term Options
    • 15- and 30-Year Fixed
    • 30- and 40-Year Interest Only
  • Home Loans up to $3 Million
  • Can Use Crypto to Qualify
  • Primary Residence, Second Homes, and Investment Properties
  • Credit Scores as Low as 660

The Newfi Advantage

Self-Employed Loan Flexibility

Newfi Lending creates solutions for self-employed borrowers to achieve their home buying goals even without traditional income documentation!

1,300+ Reviews.

With a 4.88 star rating on from over 1,300 customers, you can rest easy knowing you’re in good hands!

Easy-to-Use Technology

The Newfi Loan Center will walk you through every step of the way. From getting a quote, to closing.

Frequently Asked Questions

Why do Self-Employed People Need A Different Kind of Loan?

Self-Employed people use unique mortgage loans where they can qualify without using the typically required 2-Years of tax returns. These unique options allow for alternative income documentation like their 1099 or personal/business bank statements to be used to prove income.

Can First Time Home Buyers Qualify?

Yes! First time home buyers can qualify for a Self-Employed loan! We help families across the United States start their homeownership journey.

How Will My Income be Calculated?

Income is calculated based on your situation. We can combine W-2, 1099, and Bank Statements to calculate your monthly income. When looking at your business or personal bank statements, we will review either 1 or 2 years of documentation and use our quick calculator to identify your income. When using a 1099, we will review your total income and take away an expense ratio of 10% (unless otherwise provided) and qualify you on the remaining 90% of income. If you have several forms of income, we will add all of the sources together to determine your average monthly income. We can consider most sources of income that have a two-year history!

What Documents Do I Need to Qualify?

It depends on how you make your money! If your tax returns don’t document your income well, a challenge most self-employed borrowers face, we turn to other income documentation methods like bank statements or 1099. You will also need to provide documentation of self-employment history and if you own a business with another person, how much of the business you own.

What is the Required Down Payment?

Your down payment can be as low as 20% on a purchase with a self-employed loan!

How Much Self-Employment History Do I Need to Provide?

You will need to provide 2 years of self-employment history to qualify. There are exceptions for borrowers with at least 1 year of self-employment history on a case-by-case basis if you have strong job experience, a history of other income earning, etc., reach out to us for more information.

How Does My Household Qualify if We Have Several Sources of Income?

We allow for borrowers to combine income from multiple jobs for an individual or a household. We will combine 1099, bank statement, and W-2 earnings to calculate your total income to qualify for all borrowers on the loan.

What is the First Step for Getting a Bank Statement Loan?

Because everyone has their own unique situation, we recommend speaking to a loan advisor about your options as your first step. Go to or fill out the form on this page for a free consultation with one of our licensed loan advisors to learn about what documentation and qualifications you may need!

What are Rates for Self-Employed Borrowers?

Your exact mortgage rate depends on many factors: income calculation method, your down payment/equity position, credit score, loan term, income, and debt. Contact us to get a free quote on our competitive self-employed mortgage rates and learn how much you could qualify for!

They were very informative, accessible, and

maintained great communication the entire way

through. It never felt strictly like a transaction;

they coached me through the process,

keeping my best interests at heart.”

– Kevin F.

                     Fort Washington, MD