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Self-Employed Home Loans

A lending program custom built for all you talented self-employed people out there.

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Just show us your deposits!

If you’ve never heard of a Bank Statement Lending Program, then you’re in luck. Our self-employed mortgage loans are especially designed for people like you who are self-employed.

The Details

We know you need to write off your expenses and that’s why we want to see your deposits—not your tax returns. Using your personal or business account, you can qualify for a super duper self-employed home loan based on a 24-month average of deposits. And don’t worry, we’ll do the math for you!

Here's What It's All About

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Deposits Not Returns

We’re more interested in your bank statements than your tax returns.

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Affordable APR

We’ll look at your whole financial picture to get you a great rate.

Choose Your Term

Get a home loan term that matches your bright ideas for the future.

Self-Employed Mortgage Loan Rates

Self-Employed Mortgage Loan Rates





Self-Employed Home Loan


Fixed Rate: 10, 15, and 30 year options

Adjustable Rate: 5, 7, and 10 year options


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1099 Independent Contractor Home Loan


Fixed Rate: 10, 15, and 30 year options

Adjustable Rate: 5, 7, and 10 year options


Call for estimate

A few things you'll need to apply:

As you might expect, there’s a teeny tiny bit of paperwork involved in getting a self-employed home loan. But, hey, you run your own business—it’s nothing you can’t handle! Just have your most recent or current versions of these documents ready to go:

  • Driver’s license or identification card
  • Business or personal banks statements for 24 months
  • List of assets (checking accounts, savings accounts, retirement accounts, boats, jets—that kind of thing)
  • List of debts and monthly payments
  • Any other sources of income (like alimony, Social Security or any side projects)
  • Proof of your business or self-employed status (such as your business license, any letters from your wonderful clients, statements from your friendly accountant, etc.)
  • Proof of current rent or mortgage payments
  • Tax returns and 1099s

Our surefire self-employed home loan process

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Collect all your documents, proof, and evidence just like your favorite detective on TV.

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Choose if you want to apply in person or online, or else give us a call and we’ll talk you through it.

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One of our home loan gurus will peer into a crystal ball and see if we can make you an offer.

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Together, we’ll come up with the best loan amount, term, and rate to fit your goals and budget.

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You can start searching high and low for your dream home, knowing we’ve got your back.

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Put in an offer and we’ll guide you through the closing process until you get your new house keys!

Handy ways to make payments

  • Payroll Deduction

    If you have a loan with the credit union, payroll deduction is a convenient way to have your loan payments automatically deducted from your paycheck.

    To find out if you’re eligible for payroll deduction, contact your employer’s benefits department. If you already have payroll deduction set up with the credit union and want to set up automatic loan payments, call us at (818) 238-2900.

  • Automatic Transfers

    Automated transfer allows members to transfer funds within UMe accounts on a recurring schedule.

    You can set up an automatic transfer to make your loan payment, so you won’t have to think about it each month.

    To set up an automatic transfer, fill out our Share to Loan Transfer Form or give us a call at (818) 238-2900.

Self-Employed Mortgage Home Loan FAQs

Self-employed people like you work hard day in and day out, but your tax returns don’t always tell the full story. Because you write off your expenses, it may seem like you don’t earn enough to qualify for a home loan.

That’s where a self-employed home loan comes in. Also known as a Bank Statement Lending Program, we look at all the deposits you get over a two-year period and use that information to figure out if you can qualify for a mortgage. (We’ll do everything we can to make sure the answer is, YES!)

Down payments are tricky things because there’s no single answer. In general, the bigger your down payment the better! And here’s why:

  • If you have a down payment under 20%, you’ll likely need to pay an extra thing called private mortgage insurance (PMI). And the less costs, the better, right?
  • A bigger down payment means you’ll be able to borrow less so your payments will be lower, giving you more pizza money each month.
  • A higher down payment means we might be able to offer you a lower annual percentage rate (APR) because you’ll be showing us how amazing you are with money.

Let's open the door to the possibilities!

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