Self-Employed? Denied After Filing Taxes? How to Still Get a Mortgage

Описание: Self-employed and denied for a mortgage after filing your tax return?
This video explains why that happens — and more importantly, what still works.

I talk to business owners and 1099 contractors every day who make great money, have solid businesses, and good credit — but once their CPA files their taxes, the bank tells them they don’t qualify.

That doesn’t mean you’re broke.
It means the bank only looked at one way to qualify.

Traditional mortgage underwriting focuses almost entirely on net taxable income, not real cash flow, not revenue, and not what’s actually going into your bank account. That’s where most self-employed borrowers get stuck.

In this video, I walk through the real alternative mortgage options I use for self-employed borrowers even after taxes are filed, including what works, what doesn’t, and who these options are actually for.

⏱️ TIMESTAMPS

00:07 — Self-employed, taxes filed, denied for a mortgage
01:00 — Why banks only look at taxable income
01:40 — The $500,000 revenue / $100,000 taxable income problem
02:13 — Why a “no” from the bank is usually not the end
02:31 — Business bank statement loans (how they actually work)
03:30 — Expense factors explained (50% vs 10%)
04:18 — Why strong cash flow matters more than write-offs
04:44 — Minimum down payment & credit reality
05:27 — Personal bank statement loans (when these work better)
06:09 — 1099 income loans (simple math, no tax returns)
07:38 — Profit & Loss only loans
09:15 — Asset-based loans (qualifying without income)
10:50 — No-income / no-ratio loans (the “nuclear option”)
11:42 — Why low down payment + average credit usually doesn’t work
12:08 — Credit score vs down payment tradeoffs (real examples)
13:24 — The real profile these loans are designed for
13:51 — What to do next if this sounds like you
14:18 — Important disclosures & final thoughts

👋 HOW I CAN HELP

If you’re self-employed, own a business, or receive 1099 income — and you were told your tax returns “don’t work,” that doesn’t automatically disqualify you.

It just means you need a different strategy.

👉 You can reach me here:
https://www.mortgagesbyscott.com

There’s no pressure and no application required just to talk.

📌 Disclosure:
This video is for educational purposes only. This is not a mortgage quote or an offer to lend. Rates, terms, and guidelines vary based on credit, equity, income documentation, and market conditions.



Self-employed and getting conflicting mortgage advice?

Most lenders are built for W-2 income — not business owners, investors, or entrepreneurs.

On this channel, I explain how mortgages actually work when income is complex.

I’m Scott Hastings (NMLS #926762), a mortgage broker specializing in self-employed borrowers, business owners, and real estate investors.

I help clients qualify using:

Tax returns (when they work)

Bank statement loans

1099 income

Asset-based and alternative documentation programs

When traditional lenders say “no,” my job is to find the path forward — clearly and correctly.

If you want to talk through your specific situation, start here:
👉 https://mortgagesbyscott.com/contact-us/

I’m licensed in multiple states and work with clients on primary homes, second homes, and investment properties.

Connect with me:

Website: https://mortgagesbyscott.com

Instagram:   / mortgagesbyscott  

Facebook:   / mortgagesbyscott  

📩 Business inquiries: [email protected]

Disclaimer:
This content is for educational purposes only and does not constitute financial or legal advice. Mortgage programs, guidelines, and availability are subject to change. Always consult a licensed professional regarding your specific situation.

© Mortgages by Scott