May 28, 2024

Work for yourself? Here's how to get a mortgage loan

If you run your own business — or are a gig worker, freelancer or independent contractor — financing a home could prove challenging. One of the first things lenders look for is a steady, verifiable income. Without a regular paycheck or W-2 statement, it can be harder to prove how much you make, and how reliably you make it. But just because you work for yourself doesn’t mean you’re guaranteed to have a hard time getting a mortgage. 

Learn what's required to get approved for a loan when you’re self-employed by checking out my newest piece for Bankrate, available here.