Self-Employed in Washington? Here’s What You Need to Know About Home Loans
Being self-employed in Washington offers a lot of freedom—flexible schedules, being your own boss, and building something from the ground up. But when it comes to buying a home, the process can look a little different for freelancers, small business owners, and independent contractors.
If you’re self-employed and looking to purchase a home in Washington State, here’s what you need to know about getting approved for a mortgage—and how the team at Bryte Home Loans can help you every step of the way.
Yes, You Can Get a Mortgage When You’re Self-Employed
Let’s clear this up right away: being self-employed does not disqualify you from buying a home. However, lenders typically require more documentation to verify your income and stability. That’s where preparation and the right lending partner make all the difference.
At Bryte Home Loans, we specialize in helping self-employed borrowers successfully navigate the mortgage process. We understand how your income works, how to present your financials effectively, and which loan programs are best suited to your unique situation.
What You’ll Need to Qualify
While every borrower’s file is a little different, here’s a general list of what most self-employed applicants will need to provide:
✅ Two years of personal and business tax returns
✅ Year-to-date profit and loss statement (P&L)
✅ Business license (if applicable)
✅ Bank statements
✅ Good credit and stable income history
Keep in mind, you don’t need to be a huge corporation or earn six figures to qualify. What lenders want to see is consistency—a reliable income pattern that shows you can afford a mortgage payment.
Loan Programs That Work for Self-Employed Borrowers
There are several types of home loan options that may work well for self-employed borrowers in Washington:
Conventional loans – For borrowers with solid credit and verifiable income
FHA loans – More flexible credit requirements and lower down payments
Bank statement loans – Great for those who don’t take a traditional paycheck or write off significant business expenses
Non-QM loans – Designed specifically for unique income scenarios like 1099 income, seasonal work, or fluctuating monthly income
Bryte Home Loans works with a wide range of programs, giving us the flexibility to match you with the right solution based on your goals and your financial situation.
Why Choose Bryte Home Loans?
We don’t just collect documents—we build strong loan files that clearly tell your financial story. That’s the key to qualifying confidently when you’re self-employed. Our experienced team will walk you through every step of the process, help you avoid common mistakes, and make sure your application stands out.
We’re based in Washington and proud to serve borrowers throughout the state, including Gig Harbor, Seattle, Spokane, Tacoma, and everywhere in between.
Let’s Talk About Your Homeownership Goals
You’ve worked hard to build your business. Now let’s make homeownership part of your next chapter. If you’re a self-employed buyer in Washington and ready to explore your mortgage options, we’re here to help.
Contact Bryte Home Loans today to learn more about self-employed home loan options in WA—and let’s get started!