Myth vs. Fact: Self-Employed Borrowers Have Mortgage Options

If you’re self-employed, getting approved for a mortgage is nearly impossible.
Fact: That’s not true.
​Today’s lenders recognize that self-employed individuals—entrepreneurs, contractors, and small business owners—have unique income structures, and there are plenty of ways to qualify.
At Heartland Financial & Mortgage, we specialize in mortgage solutions for self-employed borrowers in Overland Park and the greater Kansas City area. Whether you earn income through your business, 1099 contracts, or investments, we’ll help you find a loan that fits your financial profile.

Flexible Loan Programs for Self-Employed Borrowers. Here are some of the most popular loan programs designed to make homeownership accessible for non-traditional earners:

• Bank-Statement Loans:
  Qualify using 12–24 months of personal or business bank statements instead of tax returns.
• 1099 Loans:
  Ideal for independent contractors and gig workers who receive 1099s instead of W-2s.
• Asset-Based Loans:
  Qualify based on verified assets, rather than income, making it perfect for investors or retirees.
• No-Ratio Loans:
  Skip traditional income verification—these loans focus on credit strength and down payment instead.

Why Choose Heartland Financial & Mortgage? We understand that your income may fluctuate, but your financial stability and determination are more important. Our team helps self-employed borrowers navigate alternative mortgage solutions with confidence, clarity, and speed.
Whether you’re buying your first home, upgrading, or refinancing, we’ll match you with a program that fits your needs and helps you secure competitive rates.
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Serving Overland Park, Kansas, and the Greater Kansas City Metro


Don’t let outdated myths stop you from becoming a homeowner—talk to a local expert who understands self-employed borrowers.

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