Do write-offs hurt my mortgage approval?

With standard underwriting, yes — write-offs lower taxable income and can lower what you qualify for. Bank statement and 1099 programs avoid that by qualifying on gross deposits or gross 1099 income instead.

Self-employed & 1099 mortgages

Your write-offs shouldn't write off your mortgage.

Q: Can I get a mortgage if I'm self-employed?

Yes. Bank statement loans qualify you on 12–24 months of deposits instead of tax returns, and 1099 programs qualify contractors on 1099 income alone with no write-off penalty.

Self-employed mortgage and 1099 programs qualify you on real deposits or gross 1099 income — not the taxable income your deductions leave behind. Available in California, Arizona, Colorado, Nevada, Tennessee, and Washington.

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Two paths

Bank statement loan

12–24 months of deposits, no tax returns

1099 mortgage

Gross 1099 income, no write-off penalty

FAQ

Common self-employed mortgage questions

Can I get a mortgage if I'm self-employed?

Yes — bank statement loans qualify you on deposits, and 1099 programs qualify contractors on 1099 income alone.

Do write-offs hurt my approval?

With standard underwriting, yes. Bank statement and 1099 programs qualify on gross income instead, avoiding that penalty.

More non-QM programs

See what else fits

Bank statement loans → DSCR investor loans → All non-QM programs →

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