How to Rock Getting a Mortgage If You're Self-Employed!!!

Mortgage and Lending with US Bank NMLS: 22343

How to Rock Getting a Mortgage If You're Self-Employed!!!


Seriously!  Is there anybody who still thinks the self-employed have it easy? You know, like the song says, "they see you havin' fun just a-lyin' in the sun?"  Those of us who are self-employed or work with the self-employed know otherwise, and you could argue that owners of businesses, large and small, spend as much or more of their time taking care of business than those getting a paycheck from someone else.  None of this 'work from home in my pajamas' stuff for the majority --- that's for sure.


So why does the mortgage industry make it so tough on the self-employed? Some of the reasons can certainly be viewed as valid but others rea just legacy guidelines that really don't make much sense anymore, but in the this short video we'll cover:


  1. Who do lenders consider to be self-employed?
  2. What types of business entities apply to the self-employed?
  3. What documentation do the self-employed need when they apply for a loan?


While we can't spare the business owner some additional work to get a great home loan, we can help them understand and prepare for what the mortgage industry will throw at them.  So, let's learn how to rock getting a mortgage if you're self-employed!



Workin' overtime!



Rob Spinosa
SVP of Mortgage Lending

Guaranteed Rate
NMLS: 22343 
Cell/Text: 415-367-5959


Marin Office:  324 Sir Francis Drake Blvd., San Anselmo, CA  94960 

*The views and opinions expressed on this site about work-related matters are my own, have not been reviewed or approved by Guaranteed Rate and do not necessarily represent the views and opinions of Guaranteed Rate.  In no way do I commit Guaranteed Rate to any position on any matter or issue without the express prior written consent of Guaranteed Rate's Human Resources Department.

Comments (5)

Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Love the creativity put into your post, Rob, very entertaining and informative! Well done!

Mar 03, 2023 08:09 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Your FUN approach to getting a mortgage grabbed my attention and you have been featured in the BananaTude group, Rob. Congrats and rock on!


 Featured in BananaTude

Mar 03, 2023 08:15 AM
Rob Spinosa

Thank you!!!

Mar 04, 2023 07:38 AM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Rob Spinosa - your feature photo certainly got my attention!

The video was terrific and very informative. I had a client who has been self-employed since the 1970's. In 2014 I finally found him a Lender who was able to get him a mortgage to buy a house. We found out, not all Mortgage Lenders are as knowledgeable as you are. 

Mar 04, 2023 06:53 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

Thank you for the tips.  We have purchased several homes over the years and at each lender appointment, the lender looked at me and said, "Let's just look at your wife's income."  It is a good thing I married right.  😃

Mar 06, 2023 07:21 AM
Charles Ross - (785)-819-6944
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent video Information. Thank you for sharing. Have a wonderful day and a blessed weekend.

Mar 31, 2023 05:21 AM