Self-Employed Mortgages in Connecticut

Can I use business funds for my down payment?

Many programs allow it, but lenders usually want to confirm that withdrawing the money will not harm the business. That may mean a CPA or tax preparer letter, a cash flow review, or simply showing the business has enough left after the withdrawal. Moving funds into a personal account well ahead of applying can make sourcing simpler. Ask your loan officer how they handle it.

How do you get a mortgage when you are self-employed?

You document your income either with tax returns, which is the full-documentation route, or with alternative records such as bank statements, a P&L, 1099 forms or assets. A lender builds a qualifying income figure from those records and compares it with your debts. The right route usually depends on how closely your returns reflect your real cash flow. All loans are subject to credit approval.

Are self-employed mortgage rates higher?

Not always. If you qualify on a full-doc loan that meets agency guidelines, pricing is similar to any other borrower with the same credit and equity. Alternative-doc non-QM loans often price higher because they carry more risk for the investor. Comparing Loan Estimates for both routes is the clearest way to see the difference for your situation.