Yes. Multiple loan programs are specifically designed for self-employed borrowers. Bank statement loans, asset-based loans, and Non-QM programs all offer paths to homeownership without relying on traditional W-2 income documentation. NMHL specializes in helping self-employed borrowers find the right program.

Typically 12-24 months of personal or business bank statements, a valid business license or CPA letter confirming self-employment, two months of asset statements, and standard identification. No tax returns or W-2s are required for most bank statement programs.

Lenders average your monthly deposits over the statement period (12 or 24 months). For personal bank statements, the full deposit amount is typically used. For business bank statements, an expense factor (usually 50%) is applied to account for business costs. The resulting average monthly income is used for qualification.

Bank statement and Non-QM loans typically require 10-20% down, which is higher than the 3-3.5% minimum for conventional and FHA loans. However, some programs accept as little as 10% down with strong compensating factors like high credit scores or significant reserves.