People across Connecticut leave salaried jobs to work for themselves every day, and many want to buy a home before their business has a long track record. A short self-employment history makes qualifying harder, but borrowers who stayed in the same line of work may be eligible through some alternative-documentation programs. How much history each lender wants varies, so comparing options for your Connecticut home is worth the effort. Gather your old W-2s and your business statements first, since the connection between them is what an underwriter will look for.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
Lenders often confirm that your business is active. In Connecticut, business entity records are searchable through the Connecticut Secretary of the State. If a CPA prepares your expense letter or P&L, the lender may check the license with the Connecticut Department of Consumer Protection.
Where the numbers point in Connecticut
Counties with the most self-employed workers:
| County | Self-employed workers |
|---|---|
| the Western Connecticut Planning Region | 44,903 |
| the Capitol Planning Region | 40,186 |
| the South Central Connecticut Planning Region | 23,305 |
| the Naugatuck Valley Planning Region | 22,204 |
| the Greater Bridgeport Planning Region | 18,766 |
| the Southeastern Connecticut Planning Region | 10,166 |
| the Lower Connecticut River Valley Planning Region | 10,003 |
| the Northwest Hills Planning Region | 8,232 |
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
Prefer to talk first? Call (888) 508-8976. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Local pages in Connecticut
- Bank statement loans in Bridgeport
- Bank statement loans in Hartford
- Bank statement loans in New Haven
- Bank statement loans in Norwich
- Bank statement loans in Waterbury
- Bank statement loans in Danbury
- Bank statement loans in Stamford
- Bank statement loans in Norwalk
- Bank statement loans in New Britain
- Bank statement loans in Bristol
- Bank statement loans in Meriden
- Bank statement loans in West Haven
- Bank statement loans in Milford
- Bank statement loans in Milford city
- Bank statement loans in Middletown
- Bank statement loans in Shelton
- Bank statement loans in Torrington
- Bank statement loans in Naugatuck
- Bank statement loans in New London
- Bank statement loans in Ansonia
- Bank statement loans in Wallingford Center
- Bank statement loans in Willimantic
- Bank statement loans in Storrs
- Bank statement loans in Derby
- Bank statement loans in Conning Towers Nautilus Park
- Bank statement loans in Jewett City
- Bank statement loans in Oakville
- Bank statement loans in Thompsonville
- Bank statement loans in Riverside
- Bank statement loans in Kensington
Common questions
Do lenders count my previous W-2 income?
Usually not as current income, because that job has ended. It does serve as evidence of your earning track record and your experience in the field. Lenders compare it with what the business is producing to see whether the transition kept your income steady, grew it or reduced it. Have W-2s and pay stubs from that job ready.
Can I get a mortgage if I have been self-employed less than 1 year?
It is possible but difficult. Some non-QM programs may consider a very short history when you worked in the same field before and your business income is steady, while many lenders will want a longer record. Asset depletion is another path because it does not rely on business income. Programs differ, and all loans are subject to credit approval.
Should I wait until I have filed business tax returns?
Waiting can open more lenders and agency programs, which often price lower, and a filed return gives underwriters a clearer picture. Applying sooner may make sense if you need to move or if a non-QM program fits well. How your first returns are prepared also matters for future qualifying, so talk to a tax professional.
Other non-QM options in Connecticut
Bank statement loansNon-QM lendersSelf-employed1099 loansP&L loansAsset depletionNo-doc / stated incomeITIN loansForeign nationalNon-warrantable condoBank statement HELOCInterest-only
Related guides
- Getting a Mortgage When You Have Been Self-Employed Less Than Two Years
- How to Get a Mortgage When You Are Self-Employed
- CPA Letters for Mortgages: What They Are For and What They Can Say
Self-Employed Less Than 2 Years overview · Connecticut non-QM overview
- Census ACS 2020-2024, table B24080