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self-employed loans
Your Work. Your Terms. Your Loan.
You’ve built your income your way. Now it’s time to buy a home the same way. Our self-employed loan programs make it easier to qualify without the usual roadblocks of traditional income verification.
What Are
Self-Employed Loans?
Self-employed loans are designed for entrepreneurs, freelancers, and independent contractors who don’t fit the one-size-fits-all income model.
Instead of tax returns or W-2s, these loans use flexible documentation like bank statements, 1099s, or profit-and-loss statements to verify your income — helping you get approved faster and with less stress.
Instead of tax returns or W-2s, these loans use flexible documentation like bank statements, 1099s, or profit-and-loss statements to verify your income — helping you get approved faster and with less stress.
how it works
Step 1
Tell Us About Your Work
We’ll review your income style and find the right program.
Step 2
Submit Simple Docs
Upload your 1099s, bank statements, or P&L — whatever applies.
Step 3
Review Your Options
See personalized rates and terms side by side.
Step 4
Get Approved Fast
Our underwriters specialize in self-employed lending.
Who Qualifies?
You may qualify if you:
- Are self-employed or an independent contractor
- Have consistent business or freelance income
- Maintain good credit and verifiable assets
- Can provide bank statements, P&L, or 1099 forms
How Eligibility Is Confirmed
- Eligibility is confirmed through a review of your income documentation, credit, and assets.
- Lenders verify your earnings using bank statements, 1099s, or CPA-prepared P&L statements instead of traditional tax returns.
- Strong credit history, consistent deposits, and healthy business cash flow help confirm your ability to repay.
GET A SAME DAY APPROVAL
Waiting days to hear back isn’t our style. With New Era, you’ll know exactly what you can afford in under half an hour.
Get Approved
Types of Self-Employed Loans We Offer
Pick your path and we’ll guide you every step of the way
See If You Qualify
1099 Income Loan
Qualify with bank statements, 1099s, or P&L.
Bank Statement Loan
Use 12–24 months of business or personal bank statements to show income.
Profit & Loss (P&L) Loan
Verify income with a CPA-prepared statement.
No Income, No Docs Loan
For borrowers with strong assets or equity but limited documentation.
Why Self-Employed Borrowers Choose New Era
A smoother path to homeownership for entrepreneurs, freelancers, and creators.
- Flexible Documentation: Qualify with bank statements, 1099s, or P&L.
- Fewer Barriers: No need for W-2s or traditional proof of income.
- Competitive Rates: Designed for creditworthy, self-employed borrowers.
- Personalized Support: Experts who understand how business income really works.
- Fast Approvals: Simplified reviews to keep your loan moving.
Tools & Education
Tools for Self-Employed Borrowers
Real Stories, Real Results
Hear How We Are Changing Lives from Our Clients Themselves
“As a freelancer, I struggled to qualify with traditional lenders. The bank statement loan finally made it possible.”
Jamie L.
“I’m a small business owner, and my tax returns never told the full story. New Era used my P&L instead and got me approved.”
Marco G.
“We run a family business and couldn’t show steady W-2 income. The VOE-only loan worked perfectly.”
Kelly S.
Faqs
Can I qualify without tax returns?
Yes. You can qualify with bank statements, 1099s, or a P&L.
Do these loans have higher rates?
Rates are competitive and depend on credit, assets, and loan type.
How long do I need to be self-employed?
Typically at least two years, though some programs allow less with strong financials.
Can I refinance as self-employed?
Yes. All self-employed loan types are available for purchase or refinance.
Ready to Get Started?
We make homeownership possible for entrepreneurs and independent earners. Let’s turn your hard work into home equity.
Talk to a Specialist