Self Employed Mortgage Options
Explore flexible mortgage solutions for self-employed borrowers with WestPac Lending. Depending on the scenario, you may be able to qualify with bank statements, asset depletion, DSCR, or traditional mortgage options even when tax returns do not reflect your full income.
Talk to a Loan Advisor
Tell us a little about your scenario and a WestPac Lending team member will reach out to discuss your mortgage options.
Or call us directly at (888) 944-6262How Self-Employed Mortgages Work
Traditional mortgages rely heavily on tax returns. But if you're self-employed, your income may not be fully reflected on paper. That’s why alternative qualification methods exist.
Bank Statement Loans
Qualify using 12–24 months of bank statements instead of tax returns. Ideal for business owners and freelancers.
Asset Depletion
Use your liquid assets to qualify for a mortgage, even without traditional income documentation.
DSCR Loans
Real estate investors can qualify based on rental income rather than personal income.
Traditional Options
In some cases, standard mortgage programs may still work depending on how your income is structured.
Mortgage Options for a Wide Range of Self-Employed Borrowers
Self-employed income can look very different from one borrower to the next. WestPac Lending works with borrowers whose income may come from business revenue, commissions, contracts, assets, or rental properties.
Not sure which option fits?
That’s normal. The right loan depends on how your income is documented, your property goals, and your overall financial picture.
Talk to WestPac Lending about your optionsWhat You May Need to Qualify
Qualification depends on the loan program, but most self-employed borrowers will need to provide some combination of the following.
Bank Statements
Typically 12–24 months to show income consistency.
Asset Documentation
Proof of reserves or assets for asset depletion programs.
Credit Profile
Your credit score and history still play an important role.
Property Details
Purchase or refinance details depending on your goal.
Rental Income (DSCR)
Used to qualify for investment property loans.
Down Payment or Equity
Varies by loan type and borrower profile.
Not sure what applies to your situation?
Talk to a Loan AdvisorGuidance for Self-Employed Borrowers Who Need More Than a Standard Mortgage Conversation
Self-employed borrowers often need a lender who understands alternative income documentation, investor scenarios, and when a traditional mortgage may still be the best fit. WestPac Lending helps you compare the right path based on your full financial picture.
Multiple Qualification Paths
We help review bank statement, asset depletion, DSCR, and traditional mortgage options so your scenario is matched to the right loan structure.
Scenario-Based Guidance
Every self-employed borrower is different. We look at how your income is really earned and documented instead of forcing a one-size-fits-all approach.
Purchase and Refinance Support
Whether you are buying, refinancing, or evaluating an investment property, we help you compare options based on your goals.
National Reach
WestPac Lending helps borrowers across multiple states with flexible mortgage solutions tailored to self-employed and non-traditional income scenarios.
The goal is simple: help you understand your options clearly and move forward with the loan structure that best fits your income, property, and long-term plans.
Self Employed Mortgage FAQs
Here are some of the most common questions self-employed borrowers ask when comparing mortgage options.
Can I get a mortgage if I’m self-employed?
Yes. Many self-employed borrowers can still qualify for a mortgage. The best loan option depends on how income is documented, the property type, and your overall financial profile.
Do I need tax returns to qualify?
Not always. Some programs may allow qualification using bank statements, asset depletion, or rental income instead of relying only on tax returns.
What is a bank statement loan?
A bank statement loan is a mortgage option that may allow borrowers to qualify using personal or business bank statements instead of standard tax-return income documentation.
Can I use a DSCR loan if I’m self-employed?
Yes, if you are buying or refinancing an eligible investment property. DSCR loans typically focus on rental income from the property rather than personal income.
What if I have strong assets but lower taxable income?
Asset depletion may be an option depending on the loan program and your overall financial profile. This can be helpful for borrowers with significant reserves or liquid assets.
Can I use these loan options for a purchase or refinance?
In many cases, yes. Some self-employed mortgage options can be used for purchases, rate-and-term refinances, or cash-out refinances depending on the program.
Talk Through Your Self Employed Mortgage Options
If tax returns do not fully reflect your income, that does not always mean your mortgage options are limited. WestPac Lending can help you review bank statement, asset depletion, DSCR, and traditional mortgage paths based on your goals.
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