Mortgages for Utah's self-employed and business owners
Your tax return shows what you owe the IRS, not what you earn. We have loan programs that qualify you on actual cash flow.
- Bank statement loans using 12 or 24 months of deposits
- 1099-only and P&L programs
- Full-doc options when your returns work in your favor
Real numbers. Straight answers. No pressure.
Tell us a little about your goals. Nelson will reach out the same business day with options from dozens of wholesale lenders.
See if you qualify: free, no commitment.
No pressure. Nelson will give you a straight answer about whether this works for your situation.
Why self-employed buyers get turned down, and how to fix it
Smart write-offs lower your taxable income, and that's the number most banks use to qualify you. That's how a business owner earning $250,000 gets told they can only afford a starter home.
We start by reviewing your tax returns the way an underwriter would. If they work, a full-doc loan gets you the best pricing. If they don't, we have non-QM programs that use bank deposits, 1099s or a profit-and-loss statement to calculate income.
Contractors, realtors, salon owners, consultants, gig workers and small business owners across Utah use these programs every day.
This is a good fit if you…
- Own your business or work as a 1099 contractor
- Write off significant business expenses
- Have been self-employed for 1–2+ years
- Have 10%+ for a down payment (for non-QM programs)
Self-employed loan programs
Full documentation
Traditional loans using 1–2 years of returns. Best rates when your income supports it.
Bank statement loans
Income calculated from 12–24 months of personal or business deposits.
1099 loans
Qualify using 1099 forms instead of full tax returns.
P&L loans
Use a CPA-prepared profit-and-loss statement.
Asset depletion
Qualify using liquid assets. Learn more →
DSCR for rentals
Qualify on rental income. Learn more →
Which self-employed program fits?
| Program | How income is calculated | Typical down | Best for |
|---|---|---|---|
| Full-doc conventional | 1–2 years of tax returns | 3–5% | Owners whose returns show strong income |
| Bank statement | Average of 12–24 months of deposits | 10%+ | Heavy write-offs, strong cash flow |
| 1099 | 1099 earnings | 10%+ | Independent contractors |
| P&L | CPA-prepared profit & loss | 10%+ | Newer businesses with clear books |
| Asset depletion | Liquid assets divided over a term | 20%+ | High savings, irregular income |
Non-QM programs typically carry higher rates than conventional loans. Requirements vary by lender.
Buyers keep coming back
Nelson and Danna did an outstanding job processing everything for my VA loan. They were very quick and responsive, and everything went much quicker than I expected. I was very happy with the rate and fees they were able to get for me.
This is the 2nd time we have worked with them to buy a house… They helped us to ensure that we configured our mortgage the best way possible for our needs. They were in constant contact with us to make adjustments to get us the best deal possible.
I could not have been happier with my experience! Nelson and Danna went way above and beyond… you will get an incredible attention to detail, but most of all you will feel like you're talking to your friends.
Questions we hear often
Can I get a mortgage if I'm self-employed?
Yes. If your tax returns show enough income, you'll qualify like anyone else. If not, bank statement or 1099 loans may work.
How long do I need to be self-employed?
Two years is standard. Some programs accept one year, especially if you were in the same field before.
Are bank statement loan rates higher?
Usually somewhat higher than conventional. Many buyers refinance later once their returns support a conventional loan.
Should I talk to you before filing taxes?
Yes. A quick call before filing can help you and your CPA plan for a future home purchase.
Ready to see what you qualify for?
Talk with Nelson for 15 minutes. You'll leave with real numbers and a clear plan.