Get Mortgage Preapproval Self Employed Borrowers Love
Key Documentation Requirements
As a self-employed borrower, lenders typically ask for more comprehensive documentation. This includes at least two years of personal and business tax returns, a year-to-date profit and loss statement, and your business license. In some cases, lenders may also request bank statements to verify income consistency1. Gathering these documents in advance can streamline the preapproval process and demonstrate your financial reliability.