Self-Employed · 1099 · Business Owner
What can you actually qualify for?
Lenders don't qualify you on revenue, they qualify you on documented, stable income. This estimator shows how your tax-return numbers and add-backs translate into qualifying income and buying power. No signup, no pull.
What counts as an add-back?
✅ Usually: depreciation, depletion, amortization (non-cash).
⚠️ Sometimes (case-by-case): one-time extraordinary expenses, business use of home.
❌ Usually not: meals/entertainment, real cash expenses, personal expenses run through the business. Standard mileage is generally not simply added back.
Have strong recent income? Add optional documents
Strong year-to-date performance and bank statements can support continuation of income, especially on an upward trend. Impact varies by program and lender.
Rough estimate for educational purposes. Actual qualifying income and approval vary by program (Conventional / FHA / VA / Non-QM), lender overlays, documentation, and business stability. Not a commitment to lend, a rate quote, or an approval.
How lenders read it
The math behind the number
Start with your qualifying income
Net profit (Schedule C Line 31), K-1 income, or W-2 wages depending on how you file, for each of the last two years.
Add back non-cash items
Depreciation, depletion, and amortization are typically added back because they aren't real cash out the door. Meals, mileage, and actual cash expenses usually are not.
Average over 24 months, and watch the trend
Most programs average two years. If the recent year is down, some lenders use the lower year or ask for an explanation plus year-to-date proof.
Back into a payment, then a price
Your income times an allowable debt-to-income ratio, minus your other obligations, sets your housing payment, which sets the loan and price you can support.
Writing off heavily or brand new to self-employment? A bank statement loan can qualify you on 12-24 months of deposits instead of tax returns.
Get started
A real number beats an estimate.
Send your details and Logan will walk through your actual tax returns and show you exactly where you stand, no pressure, no pull.
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