A New Mortgage Option for Self-Employed Buyers!

 

Are you self-employed and thinking about buying a home, but worried you won’t qualify for a mortgage?

You’re not alone. One of the biggest challenges for self-employed borrowers in Tulsa is that tax returns don’t always tell the full story. Business owners, freelancers, consultants, and 1099 earners often write off expenses to reduce taxable income. While that’s smart financially, it can make income appear much lower on paper when applying for a traditional home loan.

That’s where the Statement Select loan program from Waterstone Mortgage comes in.

What is Statement Select?

Statement Select is a mortgage solution designed specifically for self-employed homebuyers. Instead of relying only on tax returns, this program allows a Tulsa mortgage lender to evaluate your real income using alternative documentation.

This gives a more accurate picture of your financial situation and your ability to afford a home.

How You Can Qualify

With Statement Select, you may qualify using:

  • 12 or 24 months of business or personal bank statements

  • 1099 income documentation

  • Profit and loss statements

These options allow lenders to assess your true cash flow, rather than just your taxable income.

Key Benefits of Statement Select

This program offers flexibility that traditional loans often don’t:

  • Down payments as low as 10% in some cases

  • Potential to avoid mortgage insurance depending on the loan structure

  • Loan amounts up to higher price points

  • Available for both first-time and repeat homebuyers

  • Flexible debt-to-income ratios

For many self-employed buyers in Tulsa, this opens the door to homeownership sooner than expected.

Who This Program is Best For

Statement Select is ideal for:

  • Small business owners

  • Freelancers and consultants

  • Real estate agents

  • Independent contractors

  • Commission-based professionals

If your income doesn’t fit into a traditional W-2 structure, this program was built with you in mind.

Why This Matters for Tulsa Homebuyers

The Tulsa real estate market continues to offer strong opportunities, but qualifying for financing can be the biggest hurdle. Working with a Tulsa mortgage lender who understands self-employed income is critical.

At Waterstone Mortgage, we specialize in helping buyers find a path to “yes,” even when traditional guidelines say otherwise.

Let’s Take a Look at Your Scenario

If you’re self-employed and unsure whether you qualify for a Tulsa mortgage, don’t assume the answer is no.

There are more options available today than ever before.

Reach out to our team at Oklahoma Mortgage Group to review your situation. We’ll walk you through your options and help you determine the best path forward based on your goals.

Call or text Mike today at 918-361-1550 or email us at info@OMGHomeLoans.com



Location: Tulsa, OK, USA

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