Self-employed individuals can qualify for a home loan, but they may face additional challenges in proving income stability. To improve approval chances, consider non-conforming loans, make larger down payments, raise credit scores, and lower debts. Lenders require documentation like tax returns and business licenses. It's essential to shop around for lenders familiar with self-employment. Non-qualified loans may offer more flexible criteria. Maintaining separate business and personal expenses can also enhance creditworthiness.
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