They wrote off the truck, the tools, the office and the travel. Your taxable income came out low, which is what you paid them for.
Then a bank read that same return and said no.
Send 12 months of statements. No credit check to start.
A self employed mortgage looks at the money that reaches your account, not the figure left after write offs.
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Almost every self employed mortgage starts in one of these six spots. Find the one closest to your business.
Sales are healthy. Profit after write offs for gear, vehicles and the office is not. A bank statement loan counts deposits instead, and a 10% down payment is often enough.
Your 1099 income is strong and your net is much lower. A self employed mortgage built on 1099 income uses the gross with a set allowance, which lifts your qualifying income.
Rideshare, delivery, contracts, agency work. A profit and loss sheet from your accountant can carry the file with no tax returns.