Self-Employed? Here’s How to Prepare for Homeownership

Being self-employed gives you freedom, but also requires extra preparation when buying a home. Here’s how to set yourself up for success:

✅ Keep finances separate – Use a dedicated business account so lenders can clearly see your income and expenses.
✅ Watch your deductions – Claiming every expense can reduce your reported income, which lowers your buying power.
✅ Show consistent income – Lenders typically look for 2 years of steady earnings, but strong documentation can help if income varies.
✅ Build strong reserves – Having several months of savings in the bank gives lenders confidence in your financial stability.
✅ Boost your credit – The higher your score, the better your loan options.

Smart planning today makes homeownership possible tomorrow!

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