🏡 Flexible Financing for Self-Employed, Gig Workers & Retired Buyers in California

Buying a home is one of the most significant financial decisions you will ever make. For self-employed individuals, gig workers, and retirees, this process can come with unique challenges. Unlike traditional borrowers with steady paychecks, these groups often face hurdles that can complicate financing. Fortunately, today’s mortgage market offers innovative solutions designed specifically for flexible income situations — making homeownership possible even without traditional income verification.

Understanding the Self-Employed & Retired Landscape

Self-employed individuals and retirees often have income that fluctuates month to month or originates from non-traditional sources such as business deposits, retirement accounts, or investment portfolios. This variability can make it difficult to qualify using standard loan guidelines. However, there are programs specifically designed to evaluate your real financial strength — not just your tax returns.

Whether you’re a small-business owner in Fresno, a consultant in Clovis, or a retiree in Visalia looking to downsize, these programs can provide pathways to homeownership across the Central Valley — and throughout California.

💡 Innovative Loan Programs for Non-Traditional Borrowers

Below are several flexible loan options designed for self-employed, gig, and retired borrowers who want to qualify using real-world financials rather than W-2 income.

1. No Income / No Job (Equity-Based) Loan Program

Perfect for retirees or asset-rich borrowers who no longer receive traditional income but have strong equity and cash reserves.

Highlights:

• Qualification based on property equity and credit — not employment or income
• Ideal for retirees, investors, and high-asset borrowers
• No tax returns or paystubs required
• Use for primary homes or second homes
• Fast approvals and a stable 30-year fixed rate

2. Asset Utilization Program

Designed for retirees or high-net-worth borrowers who can qualify using liquid assets such as savings, investments, or retirement accounts.

Highlights:

• Converts assets (bank, brokerage, or retirement) into qualifying income without liquidating
• Ideal for retired buyers or those with significant savings
• No employment required — qualify based on financial strength
• Flexible terms for purchase or refinance
• Available for both primary and secondary homes

3. Bank Statement Loan Program

Tailored for self-employed professionals whose tax returns may not reflect their true income.

Highlights:

• Qualify using 12–24 months of personal or business bank statements
• Income calculated using average monthly deposits adjusted for customary expenses
• No tax returns required
• Great for business owners, freelancers, or independent contractors
• Can be used for purchases, refinances, or cash-out transactions

4. Profit & Loss (P&L) Loan Program

Ideal for business owners who maintain clear financials but prefer not to provide tax returns.

Highlights:

• Qualify using a CPA-prepared P&L statement (typically 12–24 months)
• No tax returns required
• Fast processing with simplified documentation
• Perfect for small-business owners and independent contractors
• Flexible property types and loan amounts

5. 1099 Loan Program

Created for independent contractors and gig workers who receive 1099 income instead of W-2s.

Highlights:

• Qualify using one to two years of 1099 forms instead of tax returns
• Calculated using gross 1099 income less standard industry expense deductions
• No paystubs or W-2s required
• Perfect for real estate agents, consultants, drivers, or freelancers
• Can be used for purchases, refinances, or cash-out transactions
• Flexible loan terms and competitive interest rates

6. DSCR (Debt Service Coverage Ratio) Investor Loan

A smart solution for investors who want to qualify based on the cash flow of the property — not personal income.

Highlights:

• Qualification based on property rental income, not borrower income
• No employment, tax returns, or personal DTI required
• Great for investors building rental portfolios in the Central Valley and across California
• Available for long-term or short-term (Airbnb/VRBO) rentals
• Properties can be purchased in an LLC or personal name
• Financing available for 5–8-unit properties in California
• Available in 38 states, giving investors nationwide flexibility
• Up to 85% LTV with competitive rates and fast closings

🤝 The Importance of Working with a Knowledgeable Realtor

In today’s competitive market, partnering with an experienced realtor is one of the smartest decisions you can make. A skilled realtor not only helps you find properties that fit your lifestyle and budget — they also protect your interests, negotiate on your behalf, and streamline the entire homebuying process.

For self-employed or retired borrowers, having a realtor who understands the nuances of alternative documentation loans can make all the difference. From identifying sellers open to flexible closing timelines to structuring offers that complement your financing, the right realtor will ensure your purchase runs smoothly.

If you don’t currently have a realtor, I can connect you with trusted professionals across the Central Valley and throughout California who specialize in helping buyers like you. Together, we’ll build the perfect team to make your purchase stress-free and successful.

💬 Why Work with Me as Your Loan Officer

Choosing the right loan officer is just as important as choosing the right property. I specialize in helping self-employed individuals, gig-economy workers, investors, and retirees navigate the complex world of mortgage financing. My goal is to make the process simple, transparent, and tailored to your situation — no matter how unique your income may be.

Whether you need a Bank Statement, P&L, DSCR, 1099, or Asset Utilization loan, I’ll walk you through every option, ensuring you get the best possible terms and a smooth closing. With years of experience serving Central Valley clients — and homebuyers across California — I know how to match the right program with the right property so you can achieve homeownership with confidence.

📍 Serving Clients Across California

From Fresno and Clovis to Visalia, Bakersfield, Modesto, Stockton, and beyond — I proudly serve homebuyers, retirees, and investors throughout the entire state of California. Whether you’re purchasing locally or expanding your investment portfolio in another state, I’m here to help you make the most of your financing options.

📞 Let’s Talk About Your Homeownership Goals

If you’re self-employed, retired, or a gig-worker exploring your next home purchase or refinance, let’s connect. Together, we’ll find the right loan strategy to match your financial goals.

📞 Robert “Rob” Clark
Mortgage Loan Officer | NMLS #357788 / #301522
Firestone Financial Group
🌐 www.robertclarkloans.com
📱 559-476-9279 | 209-227-7745
✉️ rbrtclark53@gmail.com

⚖️ Disclosures & Compliance
Equal Housing Lender. Not a commitment to lend. Borrower must qualify. Terms and conditions subject to change without notice. Some programs may not be available in all areas or for all property types.