Self-Employed / Alternative Income
Questions about documenting non-traditional income.
Questions
How is self-employed income documented?
Self-employed files often involve tax returns and business documentation, and calculating usable qualifying income takes experience. Boss Mortgage also offers bank statement options for borrowers whose returns do not reflect the full picture.
Bring your documents to a loan originator rather than guessing at the numbers yourself.
What if I recently became self-employed?
The existing Boss Mortgage Self-Employment Income program description states: “We have options for those of you newly self-employed too! You don’t have to be in business for 2 years anymore, believe it or not!”
Talk with a licensed loan originator about which options currently apply to your situation.
Can assets be used instead of income?
Some programs consider a borrower's assets as part of qualifying rather than relying only on monthly income documentation. Availability and structure vary by investor.
Ask a loan originator whether an asset-based approach fits your file.
Related programs
Alternative Income / Self-Employment Income
Mortgage options for self-employed borrowers and borrowers with alternative income documentation, from Boss Mortgage.
Learn more →
Bank Statement Loans
Bank statement mortgage options for self-employed borrowers and others whose tax returns do not show the full financial picture.
Learn more →
Asset Utilization
Asset utilization mortgage options, where qualifying considers a borrower's assets, explained by Boss Mortgage.
Learn more →Still have a question?
Every situation is different. We’ll help you understand your options and what may fit your goals.
This page is general information about mortgage financing and is not a commitment to lend, an offer of credit, or financial or legal advice. Program availability, guidelines and requirements are set by lenders and investors, can change, and depend on your individual circumstances and the property. Talk with a licensed Boss Mortgage loan originator about what applies to you.
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