⚠️ 5 Common Mistakes Investors Make With DSCR Loans (And How to Avoid Them)
High income doesn’t always mean easy approval — here’s how to get it done.
If you’re self-employed, a business owner, or an independent contractor earning strong income — but still struggling to qualify for a mortgage, especially a self-employed jumbo loan — you’re not alone.
👉 Jumbo loans require more documentation than conforming loans, and for self-employed borrowers, that can get tricky.
Understanding the requirements for a self-employed jumbo loan can help streamline the process and enhance your chances of approval.
The good news? PRMI specializes in jumbo lending solutions for complex income profiles — and we’re here to help you get approved with confidence.
✅ Yes, You Can Get a Jumbo Loan If You’re Self-Employed
🏡 What You Need to Know About Self-Employed Jumbo Loans
Jumbo mortgages are available to:
- Sole proprietors
- S-corp and LLC owners
- 1099 contractors
- Real estate professionals
- Entrepreneurs and investors
📘 You don’t need to be a W-2 employee — but you do need strategic documentation that tells the full story.
🧾 Standard Documentation Requirements
To qualify using traditional income verification, lenders typically ask for:
- 2 years of personal and business tax returns
- Year-to-date profit and loss (P&L) statement
- Business license or CPA letter (if applicable)
- Proof of business stability and consistent income
- Bank statements to verify cash flow and reserves
We help you organize your documentation and prepare your file to pass underwriting — without unnecessary friction.
💡 Alternative Documentation Options
If tax returns don’t reflect your true income due to write-offs, deductions, or variable cash flow, PRMI offers:
✔️ Bank Statement Programs
- Use 12–24 months of business or personal bank statements
- Income calculated based on deposits, not taxable income
- Great for borrowers with strong revenue but aggressive deductions
✔️ Asset Depletion / Asset-Based Loans
- Use retirement, investment, or cash reserves as qualifying income
- No employment or monthly income required
- Perfect for high-net-worth borrowers with low reported income
✔️ CPA Prepared P&L-Based Income
- Pair simplified returns with a verified P&L
- Allows more accurate income reflection for seasonal or growth-stage businesses
📘 These options vary by program — but we’ll find the best fit for your situation.
💰 Down Payment and Reserve Requirements
For self-employed jumbo borrowers, expect:
- 10–20% down payment, depending on credit and documentation
- 12+ months of reserves (can include investment or retirement assets)
- Higher credit scores (700+ preferred)
✅ We help you maximize qualifying power by structuring income, credit, and reserves around your goals.
🏢 Why PRMI?
We help self-employed clients:
- Avoid cookie-cutter loan denials by using smart documentation alternatives
- Choose between full doc, bank statement, or asset-based solutions
- Close jumbo loans with fast processing and white-glove support
- Buy the home they want — without hiding who they are
You built your business with vision and resilience. We’ll help you finance your home the same way.
👇 Self-Employed and Ready to Buy or Refi a High-Value Home?
We’ll walk through your financials — W-2 or not — and show you how jumbo lending can work with your reality, not against it.