How do self-employed buyers qualify?

Self-employed buyers face more detailed income verification. Lenders focus on consistent, documented income over time rather than recent earnings alone.

What income do lenders use?

Typically a two-year average of net income from tax returns.

Do write-offs affect qualification?

Yes. Lower reported income can reduce your borrowing capacity.

What documents are required?

Full tax returns, profit and loss statements, and sometimes CPA letters.

Are there stricter standards?

Often yes, especially for jumbo loans common in this area.

How can I prepare?

Keep clean financial records and avoid major changes before applying.