Being your own boss shouldn’t hold you back from homeownership. With over 20 years of mortgage experience, Kristy Gannon at Ownity Mortgage specializes in helping self-employed buyers across California secure flexible home loan solutions—even without traditional income documentation. If tax returns don’t tell your full story, Kristy’s here to help you qualify with confidence.
Self-Employed Home Loans are designed for borrowers who run their own businesses or earn income through freelance, contract, or commission-based work. Traditional loans often rely on W-2s and tax returns, which may not reflect the true income of a self-employed individual. These loan programs offer alternative documentation options, such as bank statements, 1099s, or profit and loss statements, to verify income. Kristy Gannon at Ownity Mortgage helps clients across California find flexible, realistic mortgage options that reflect their financial reality.
Self-Employed Home Loans are ideal for small business owners, freelancers, consultants, independent contractors, and gig workers who earn a steady income but lack traditional documentation like W-2s or pay stubs. These borrowers often face challenges qualifying for a mortgage through standard programs—even if their income is stable and reliable. If your tax returns don’t reflect your true earnings or you’ve been told “no” by other lenders, you may still have excellent options.
Instead of requiring W-2s or standard pay stubs, Self-Employed Loans use bank statements, business records, or other forms of alternative documentation to assess your ability to repay a mortgage. Some programs require 12 to 24 months of personal or business bank statements, while others may allow the use of 1099 forms or CPA-prepared financials. Kristy Gannon works closely with self-employed clients across California to guide them through this documentation process and secure a loan that aligns with their income patterns.
Depending on your income and documentation, Kristy may recommend a range of loan types, such as Bank Statement Loans, 1099 Income Loans, or Profit and Loss (P&L) Statement Loans. Each is designed to serve borrowers with non-traditional financial profiles. Kristy Gannon helps you compare programs and choose the one that best suits your business and long-term homeownership goals.
Self-Employed Home Loans offer greater flexibility than traditional mortgages. You can qualify based on bank deposits, not just tax returns, and there’s more room to show your real income potential. These loans help business owners and freelancers access the housing market without compromising their entrepreneurial lifestyle. Kristy Gannon brings expert knowledge and a personalized approach to ensure self-employed buyers feel confident from pre-approval to closing.
If you’ve been running a business or earning freelance income for at least 12 to 24 months and have strong cash flow, a Self-Employed Home Loan could be your best path to homeownership. Whether you’ve been declined elsewhere or are unsure where to start, Kristy Gannon will review your income, goals, and loan options—so you can make a smart, informed move toward owning a home in California.
As a seasoned Mortgage Advisor with more than 20 years of experience, Kristy Gannon understands the challenges self-employed buyers face—and how to solve them. She takes the time to understand your business, reviews your financial picture holistically, and matches you with the most flexible and fair loan options available. At Ownity Mortgage, Kristy is committed to making sure no family—or business owner—is left behind.
A self-employed mortgage is a home loan designed for borrowers who do not receive W-2 income. Instead of relying on traditional tax returns, lenders verify income through bank statements, profit-and-loss statements, or assets. These loans provide flexible qualification options for independent professionals, freelancers, and business owners who have strong income but lower taxable earnings due to business deductions and write-offs.
Yes! If you’re self-employed, you can qualify using alternative documentation such as bank statements, 1099 forms, or a CPA-prepared profit and loss statement. Kristy will help you determine which method works best based on your income sources and financial records.
Most self-employed mortgage programs require at least 12 to 24 months of consistent self-employment income. Kristy will review your business history and guide you on which loan options fit your timeframe.
Depending on the program, you may need 12–24 months of personal or business bank statements, 1099s, or P&L statements. Kristy will walk you through exactly what’s needed and help you organize a complete, clean file to submit to underwriting.
Yes, while rates for bank statement or non-QM loans may be slightly higher than traditional loans, they are still competitive and customizable. Kristy works hard to match you with the best available program for your financial profile.
They can, depending on the documentation method. Some programs don’t deduct expenses if you’re qualifying via bank statements. Kristy will help you select the approach that shows your income in the most favorable way.
Absolutely. If you’re already a homeowner and want to refinance into a better rate or pull cash out, there are self-employed-friendly options available. Kristy can help you evaluate your refinance options using alternative income documentation.
Many self-employed loans require a 10% to 20% down payment, depending on credit score and loan structure. Kristy will help you understand your down payment options and find a loan that balances flexibility with affordability.
Kristy specializes in helping clients who’ve been told “no” elsewhere. She understands how to structure non-traditional income and will explore creative, realistic loan solutions tailored to your business and lifestyle.
Traditional mortgages require two years of tax returns and W-2 forms to verify income. Self-employed borrowers often deduct expenses to reduce taxable income, which can make qualifying for a conventional loan difficult. Self-employed mortgage programs allow alternative documentation like bank statements to prove income, making it easier for business owners to secure financing.
Yes! Lenders recognize that self-employed borrowers may have inconsistent income due to seasonal work or fluctuating contracts. Instead of relying on one year of tax returns, lenders use bank statement loans, which evaluate cash flow over 12 to 24 months, providing a more accurate picture of earnings.
Absolutely. Freelancers, consultants, and gig workers can qualify for self-employed mortgages using personal or business bank statements to show consistent deposits. As long as income is steady over time, these borrowers can qualify even without traditional employment records.
Most lenders require at least two years of self-employment history, but some programs allow one year of self-employment if the borrower has prior experience in the same field before becoming self-employed.
Self-employed mortgage programs provide more flexible income verification by allowing borrowers to qualify based on actual earnings rather than taxable income. These loans offer higher debt-to-income ratio allowances, alternative financing options, and custom loan structures tailored to non-traditional income earners.
Many self-employed borrowers reduce their taxable income by writing off business expenses. Bank statement loans allow lenders to evaluate deposits rather than net taxable income, ensuring a more accurate assessment of financial health.
Interest rates depend on credit score, loan amount, down payment, and lender policies. Some self-employed mortgages have slightly higher rates than conventional loans due to increased lender risk. However, borrowers with strong financials and a larger down payment can secure competitive rates.
Self-employed mortgage programs require alternative documentation to verify income, including:
Yes! Bank statement loans are one of the most popular self-employed mortgage solutions. Instead of tax returns, lenders analyze monthly deposits over 12 to 24 months to determine a borrower’s income, providing a more accurate financial assessment for business owners and freelancers.
Most self-employed mortgage programs require a credit score of 620 or higher. Borrowers with credit scores of 700+ typically qualify for better interest rates and lower down payment options.
If you have at least 12 months of self-employment history, some lenders may consider your application if you have a strong credit score and financial reserves. However, having two years of self-employment history generally improves eligibility and loan approval chances.
Down payment requirements vary by lender and loan type. Most self-employed mortgages require 10 to 20 percent down, while some programs allow as little as 5 percent for highly qualified borrowers with strong credit and financial reserves.
Yes! If you don’t qualify for a self-employed mortgage, there are alternative financing solutions, including:
FHA loans – If your tax returns meet FHA’s income guidelines, this may be a better option.
The Turnkey Foundation Inc. DBA Ownity Mortgage | NMLS# 236669 | NMLS# 2592455| DRE# 01845041 | All rights reserved.
7606 Meany Ave. Suite 103 Bakersfield, California 93308
DRE #01771805
NMLS #245918
Arbor NMLS #236669
Arbor DRE #01845041
