Self Employed Mortgage: How to Get Approved in 2023 if Self Employed

This is how you can get approved for a mortgage in 2023 if you're self-employed. Buying a house in 2023 while being self-employed just got easier. Here's how to get approved in 2023 if you are self-employed.

Nicole Rueth
The Rueth Team Powered by OneTrust Home Loans
750 W Hampden Avenue, Suite 500
Englewood, CO 80110
303-214-6393

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CalCon Mutual Mortgage LLC, dba OneTrust Home Loans is an Equal Housing Lender NMLS #46375; 3131 Camino Del Rio North Suite 1680, San Diego, CA 92108. Corporate phone [phone]. For more licensing information visit
This information is to inform the real estate industry only and is not to be provided to consumers. All products are not available in all states. All options are not available on all programs.
All programs are subject to borrower and property qualifications. Rates, terms, and conditions are subject to change without notice.

[daynescott]

Great video. What does a underwriter look at on S corps to use as qualifying income? W2, K-1, and distributions?

[redciroc]

Is sole proprietor and self employed the same thing? Can you get approval for mortgage as a sole proprietor that's been consistent for 2 years with 2 years of bank deposit statements and 2 years tax returns

[ExtraMileHomes]

Great advice! Always tricky for self-employed and appreciate you being our Problem Solver!

[IneffableK]

Hello! I'm really confused on the taxes. We hire someone to do our taxes and we just answer their questions. In order to not claim as much on taxes, we would have to lie. Our jobs have to do with driving. So there is an automatic write-off for mileage, and that alone takes a massive cut out of our gross. Even if we don't actually spend that much in gas per year. And wouldn't it be harmful to us to switch to a w2 just to try and get into a home?? Around this area there aren't w2 jobs that make as much as we make now.