Do lenders have special requirements for self-employed applicants?
First of all, most lenders consider you to be self-employed if you own more than 25% of the business you work in. If you are considered self-employed, lenders may require that you provide one or two years’ personal tax returns, or portions of the returns to verify your income. Typically, only the net income from self-employment that’s reported on your tax returns can be considered when applying for a mortgage.
