Self-employed mortgages in 2025
Freelancers and gig workers are reshaping the modern workforce — and in 2025, they’re also reshaping how lenders think about home loans. If you’re self-employed or earning income through non-traditional means, securing a mortgage might seem overwhelming. But the good news? More lenders are adapting to your needs than ever before.
In this guide, we’ll break down how to qualify for a mortgage as a gig worker in 2025, what documents you’ll need, and which programs are designed just for you.
Who are gig workers?
Gig workers, freelancers, and self-employed individuals include:
- Independent contractors (e.g., writers, designers, coders)
- Rideshare or delivery drivers (Uber, Lyft, DoorDash)
- Online business owners or Etsy sellers
- Consultants and 1099 workers
- Part-time freelancers with multiple income streams
In 2025, the freelance economy represents over 40% of the U.S. workforce — and mortgage lenders are taking notice.
Can freelancers get a mortgage in 2025?
Yes! Massachusetts freelancers can absolutely qualify for a mortgage in 2025 — but the path is a bit different than for traditional W-2 employees. You’ll need to provide more documentation to prove stable income and financial health.
Key requirements:
- At least 2 years of self-employment income
- Tax returns (usually two years)
- Profit and loss statements
- Bank statements (often 12–24 months)
- Consistent or increasing income trend
Some lenders will consider only one year of tax returns if you have strong income and credit.
Mortgage documentation for gig workers
Lenders want to verify your ability to repay the loan. Here’s what you’ll typically need:
| Document type | Why it’s needed |
| 2 Years of Tax Returns | Proves income consistency |
| 1099 Forms | Shows contract income |
| Bank Statements | Verifies deposits and cash flow |
| Year-to-Date Profit/Loss | Confirms current income trend |
| Business License (if applicable) | Proves legitimacy of your work |
| CPA Letter (optional) | Verifies self-employment status |
Best mortgage options for freelancers
1. Bank Statement Loans
- No tax returns required
- Lenders use your bank deposits to estimate income
- Great for freelancers with high write-offs
Learn more about Bank Statement Loans.
2. Non-QM (Non-Qualified Mortgage) Loans
- Designed for unique income situations
- May accept one year of self-employment
- Higher interest rates, but flexible
Learn more about Non-QM Loans.
3. FHA Loans
- Minimum 3.5% down payment
- Allows lower credit scores (as low as 580)
- Must show reliable income and two years’ self-employment history
4. Conventional Loans
- Competitive rates
- Stricter income verification
- Good for freelancers with strong credit and income documentation
Learn more about Conventional Loans.
Credit score & down payment tips
- Aim for a credit score of 680+ (though 620 can still qualify)
- Save at least 5–10% down payment
- Pay off high-interest debts to improve your DTI (Debt-to-Income Ratio)
Pro tips for success
- Separate business and personal accounts to simplify underwriting
- Work with a mortgage broker who understands self-employed borrowers
- Keep your income consistent — large dips can raise red flags
- Consider co-borrowing with a W-2 spouse or partner if applicable
And with more freelancers entering the housing market, expect even more gig-friendly mortgage products to emerge.
Final thoughts
Getting a mortgage as a gig worker in Massachusetts in 2025 is absolutely within reach — it just takes the right preparation and the right lender. Whether you’re a digital nomad or a part-time side hustler, you deserve the keys to homeownership.
Ready to explore your options? Talk to one of our knowledgeable loan officers who specialize in self-employed borrowers or fill out a pre-approval to get started today!
