Owning a successful business should make it easier to buy a home.
Unfortunately, that's not always how traditional mortgage lending works.
If you're self employed, you've probably heard things like:
"You don't show enough income."
"You wrote off too much."
"You need another year of tax returns."
The truth is, many business owners earn excellent money but don't qualify using traditional mortgage guidelines.
That's why Best Option Mortgage offers multiple Self Employed Mortgage programs designed specifically for entrepreneurs, freelancers, contractors, and small business owners.
Instead of trying to force every borrower into the same box, we offer flexible in house solutions that look at how your business actually performs.
Why Self Employed Borrowers Get Turned Down
Most banks qualify borrowers using tax returns.
The problem?
Business owners are encouraged to maximize deductions to lower their taxable income.
While that's great for tax season, it often makes income appear much lower than what you actually earn.
That doesn't mean you can't afford a home.
It simply means you need a lender that understands self employed borrowers.
That's where we come in.
Self Employed Mortgage Programs Available In House
At Best Option Mortgage, we don't believe there's only one solution for every borrower.
We offer several in house loan programs built specifically for self employed clients.
FHA Profit and Loss Mortgage
Perfect for business owners who may not qualify using traditional tax return calculations.
Highlights include:
Up to 96.5% financing
Minimum 640 credit score
Flexible documentation
Business funds may be eligible
Manufactured doublewide homes eligible
Designed for real business owners
This program can be an excellent option for entrepreneurs whose tax returns don't reflect the true strength of their business.
Bank Statement Mortgage
Instead of using tax returns, this program looks at your business or personal bank deposits to calculate qualifying income.
Ideal for:
Business owners
Independent contractors
Freelancers
Consultants
1099 earners
Entrepreneurs
Many borrowers qualify using 12 or 24 months of bank statements, depending on the program.
Profit and Loss Mortgage
For qualified borrowers, a Profit and Loss statement may be used to help document business income.
This option is especially valuable for business owners whose tax strategies reduce their reported taxable income but whose businesses remain financially strong.
Asset Based Mortgage
Some borrowers have significant savings or investments but lower reported income.
Our asset based options allow eligible borrowers to qualify using their assets rather than relying entirely on monthly income.
Which Self Employed Mortgage Is Right for You?
Every business owner is different.
That's why we start by understanding your business before recommending a loan program.
You might qualify based on:
Bank statements
Profit and Loss statements
Business cash flow
Traditional income documentation
Assets
Our goal isn't to fit you into one loan.
Our goal is to find the loan that fits you.
Why Best Option Mortgage Is Different
Many lenders only offer one or two options for self employed borrowers.
We offer multiple in house programs designed around the realities of running a business.
That means:
More flexibility
More solutions
Faster answers
Personalized guidance
Experienced mortgage professionals who understand entrepreneurs
When one program isn't the right fit, another one often is.
Who These Programs Are Built For
Our self employed mortgage solutions are popular with:
Small business owners
LLC owners
Corporation owners
Partnerships
Real estate professionals
Contractors
Freelancers
Consultants
Medical professionals
Barbers
Cosmetologists
Nail technicians
Restaurant owners
Online business owners
Construction companies
Anyone who owns a business and has difficulty qualifying through traditional lending.
Frequently Asked Questions
Can I get a mortgage if I am self employed?
Yes. Best Option Mortgage offers multiple Self Employed Mortgage programs that use different methods to calculate qualifying income.
What is the best mortgage for self employed borrowers?
There isn't one answer.
Some borrowers qualify best with bank statements.
Others qualify using Profit and Loss statements.
Some may still qualify with traditional documentation.
The best program depends on your unique financial situation.
Can I get a mortgage without using tax returns?
Some loan programs allow qualified borrowers to use alternative documentation, such as bank statements or Profit and Loss statements, instead of relying solely on tax returns.
How many years do I need to be self employed?
Many programs require at least two years of self employment, although eligibility varies by loan program.
Can LLC owners qualify for a mortgage?
Absolutely.
Many of our programs are specifically designed for LLC owners, corporations, partnerships, and other business entities.
What if another lender already denied me?
A previous denial doesn't necessarily mean you can't qualify.
It may simply mean the lender didn't have the right loan program for your situation.
Do you offer FHA loans for self employed borrowers?
Yes.
Our FHA Profit and Loss program was created specifically to help eligible self employed borrowers who may not qualify using traditional income calculations.
Can I use business bank statements to qualify?
Yes.
Depending on the loan program, business or personal bank statements may be used to help calculate qualifying income.
Stop Letting Tax Returns Decide Whether You Can Buy a Home
You worked hard to build your business.
Your mortgage should reflect that.
At Best Option Mortgage, we specialize in helping self employed borrowers explore flexible financing solutions that traditional lenders often overlook.
Whether you're interested in a Bank Statement Mortgage, a Profit and Loss Mortgage, or our Self Employed FHA program, our experienced team can help you find the option that best fits your business and your goals.
Contact Best Option Mortgage today to see which self employed mortgage program is right for you.
Disclaimer
Best Option Mortgage is a DBA of ML Mortgage Corp. ML Mortgage Corp. is a state licensed mortgage lender, NMLS ID #362312, licensed by the CA Department of Financial Protection and Innovation under the Finance Lenders Law, License #60DBO69831. For other states, visit www.mlmortgage.net. To verify licenses, visit www.nmlsconsumeraccess.org. All loans are subject to credit approval and acceptable collateral. Additional terms and conditions apply. Programs, rates, terms, and conditions may change without notice. Not all programs are available in all states. There is no guarantee that all borrowers will qualify. Restrictions may apply. This is not a commitment to lend. © 2026 ML Mortgage Corp. All rights reserved.