Self Employed Mortgage Lenders in Austin, TX: Your Path to Homeownership
Self-Employed? You Can Still Get a Mortgage
Traditional banks deny self-employed applicants because they’re “too complicated”, but LendFriend's specialized programs makes the process stress free by evaluating entrepreneurial income through alternative documentation. We assess your true earnings as a business owner whether you're running a tech company near The Domain or a creative studio in East Austin. Available 7 days a week, our technology-driven approach delivers faster approvals and lower rates by reducing costs and passing savings directly to you.
Bank Statement Loan Specialists
Our bank statement programs analyze 12-24 months of cash flow instead of tax returns. This option perfectly serves Austin entrepreneurs who write off business expenses while maintaining healthy cash flow.
Non-QM Mortgage Providers
LendFriend's non-qualified mortgage options offer flexible underwriting beyond conventional requirements. We consider your complete financial picture including assets, business revenue, and alternative income sources for complex income structures.
Portfolio Lenders for Business Owners
As a mortgage broker working with preferred portfolio lenders, we provide flexible qualification criteria for established business owners. Our personalized approach helps Austin entrepreneurs from Hyde Park to Circle C secure competitive rates despite having non-traditional income.
How to Qualify Without a W-2
LendFriend simplifies the self-employed mortgage process with clear documentation requirements and transparent communication. We guide you through alternative income verification methods that accurately reflect your financial stability, typically closing loans in three weeks. Our technology platform makes document submission easy while keeping you informed throughout the process.
Income Documentation Requirements
Self-employed borrowers provide two years of tax returns, profit and loss statements, and bank statements. Business licenses, CPA letters, and 1099 forms strengthen applications. LendFriend's digital platform enables secure document uploads with real-time status tracking.
Credit Score and Down Payment Considerations
We offer programs starting at 620 credit scores, with better rates for higher scores. Down payments range from 10-20% depending on loan type. Our team helps you understand rate factors and secures optimal terms.
Find the Right Lender for Your Business Type
LendFriend's diverse programs match different self-employment situations throughout Austin's economy. Our loan officers understand various business models and income patterns from tech consultants to small business owners.
Freelancers and Gig Workers
Freelancers and Gig Workers
Austin's gig economy professionals benefit from flexible documentation and fast processing. Whether you're a designer or consultant, we have programs for irregular income patterns with easy document submission and tracking.
Small Business Owners
Established Austin business owners leverage our portfolio lending options. We understand business cycles, seasonal variations, and the difference between gross revenue and taxable income, helping businesses from South Congress to North Austin secure favorable terms.