Home loans for self-employed homebuyers in MN and WISelf employed individuals often ask … “Why is it so difficult to qualify for mortgage financing?”

Self-employed borrowers, those who work on commission, or those who receive tipped income present one of the most challenging areas of mortgage underwriting. Qualifying self-employed people often requires significant extra time, energy, and patience. A fair and honest pre-qualification requires a special set of Loan Officer skills and expertise.

Long gone are the days when any Loan Officer could just give you a low doc, no doc, or stated income loan to a self-employed borrower without any training or special consideration.

Generally speaking, it's tougher for the self-employed buyer to qualify a mortgage because it is hard to answer the question: "What is your income?"

What did you earn, what did you write off? Taking advantage of tax laws to reduce income is great for reducing tax liability, but also shows you make less money, making a potential loan approval difficult.

Next lenders are looking to see a income history. Is income increasing, decreasing, stable? This all comes into play for self-employed, commissions, and tipped income home buyers and those interested in a refinance.

Today we are back to the old way of providing mortgage loans, and the vast majority of Mortgage Companies, and especially Mortgage Loan Officers are either afraid to work on a self-employed persons home loan, or simply lack the extra knowledge and skill required to get self-employed people a home loan. Trusting your approval to an unlicensed bank rep at a call center is not wise. You need a self-employed mortgage loan expert. 

We are Your Resource for Self-Employed Mortgage Loans in Minnesota and Wisconsin. WE ARE SELF-EMPLOYED EXPERTS.

MN and WI Home Mortgage Loan, Interest Rate Quotes, and Closing Cost Information
3 Easy Options to get started.

  1. Call the Metzler Group at Mortgages Unlimited at (651) 70-LOAN1 (651-705-6261) for a home loan mortgage quote. Speaking with a live experienced Loan Officer is easily the best way to obtain an accurate interest rate quote and estimate of settlement expenses.

  2. NEED A QUOTE? Complete the Online Rate Quote Form on this page. This option allows Loan Officers the opportunity to research current rates and programs, then get back to you with our accurate quote.

  3. READY TO APPLY ONLINE? Our Secure Online Mortgage Application is available 24/7. Mortgages Unlimited does not charge an application fee to apply for a loan nor are you obligated to move forward once the application is complete.

Self-Employed and Commissioned DOCUMENTS REQUIRED:

Be prepared to send us the following documents. We will be unable to assist you or evaluate you mortgage loan qualifications without them:

  • Last two years personal tax returns (all pages, All schedules)
  • Last two years business returns if employed through a corporation (all pages, all schedules)
  • Current Year-to-Date P&L (Profit and Loss Statement) and Balance Sheet

We will also require the traditional standard home loan approval documents:


  • Copy of most recent two (2) years W-2 statements (for you and any co-borrowers)
  • Copy of pay stubs covering the last (30) thirty days (for you and any co-borrowers)


  • Copy of most recent monthly bank statements (ALL PAGES. If it says "page 1 of 3", I need all 3 pages no matter what is on them.
  • Copy of most recent statements on 401K, IRA, or Mutual Fund Accounts
  • Copy of most recent brokerage statement for any stocks, bonds or certificates of deposits (or copies of actual certificate)


  • Photo Copy of drivers license (all borrowers)
  • Copy of the Purchase Agreement
  • Your Realtor's contact information
  • If divorced…a fully executed divorce decree
  • If you've had a bankruptcy in the past 7 years... a full copy of the bankruptcy papers (including the discharge page).
  • For a refinance...a copy of the mortgage deed, and most recent property tax statement

LESS THAN 2-YEARS SELF-EMPLOYED? YES, it is possible... But it is an exception and NOT easy to get approved. You will need to have worked in the exact same field, with a similar income, and have at least 1-yr of self employed Federal Tax Returns

Mortgages Unlimited Minnesota
33 Wentworth Ave E, St Paul, MN 55118
(651) 552-3681

Member, Minnesota Mortgage Association

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Mortgages Unlimited, Inc. NMLS # 225504. Joe Metzler NMLS # 274132