SELF-EMPLOYED & COMPLEX INCOME
Your income may be more complicated. Your mortgage strategy shouldn’t be.
Being self-employed shouldn’t mean forcing your finances into a traditional box.
Business owners, independent contractors and borrowers with multiple income sources often have strong finances that don’t look simple on a tax return.
We start by understanding how you earn, how your business works and what you’re trying to accomplish. Then we determine which financing strategy fits—not the other way around.
WHY SELF-EMPLOYED BORROWERS ARE DIFFERENT
TAXABLE INCOME ≠ CASH FLOW
Legitimate business deductions can reduce taxable income while also changing how mortgage qualifying income is calculated.
TIME IN BUSINESS MATTERS
How long you’ve been self-employed—and what you were doing before—can affect which options are available.
INCOME ISN’T ALWAYS SIMPLE
Salary, distributions, K-1 income, 1099 income, multiple businesses and other sources may all tell part of the story.
ONE FORMULA DOESN’T FIT EVERYONE
Traditional underwriting may work perfectly. When it doesn’t, other approaches to documenting income may be worth exploring.
FINDING THE RIGHT WAY TO DOCUMENT YOUR INCOME
Traditional Documentation— Start with tax returns and conventional documentation when they accurately reflect the income available for qualifying.
Bank Statements — For some business owners, bank deposits can provide another way to document income when tax returns don’t tell the whole story.
1099 Income — Independent contractors may have options for documenting income that differ from traditional W-2 employment.
Assets & Other Income — Assets, distributions and multiple income sources may provide additional qualifying possibilities depending on the situation.
The goal isn’t to find the most creative loan. It’s to find the financing strategy that right fits your situation.
A BETTER STRATEGY STARTS WITH BETTER QUESTIONS
01
Understand
How do you earn, what do you own, and what are you trying to accomplish?
02
Evaluate
We look beyond one number or one loan program to understand the available options.
03
Strategize
We compare tand determine which approach makes sense for your goals.
04
Execute
Once the strategy is clear, we guide the financing through the mortgage process.
Frequently asked questions
LET’S LOOK AT THE WHOLE PICTURE.
You don’t need to know which loan program you need. Start with a conversation about what you’re trying to accomplish, and we’ll help you understand the financing options that may fit.
We help self-employed borrowers and business owners throughout Richmond and Central Virginia understand how their income may be evaluated and which financing strategies may fit.