You run a business in Colorado Springs. Your bank statements say one thing. Your tax return says another. Most lenders only read the tax return. We read both, then pick the document that gets you the home. Bank statements, 1099s, a CPA profit and loss statement, or your savings. 25+ years and 3,100+ closed loans, based right here.
No SSN required. No credit pull. Takes about 2 minutes.
What a Self-Employed Mortgage Is
It is a home loan that measures your income a different way. A regular loan uses the net income on your tax return. That is the number after every write-off. A self-employed mortgage uses a document that shows what your business really brings in. There are four of them. Each one fits a different kind of business owner.
Bank statement loan
12 or 24 months of deposits. Personal statements count at 100%. Business statements get an expense factor. No tax returns. Starts at a 660 score. Up to $3,500,000.
1099 loan
100% of your gross 1099 income counts. No expense haircut. Starts at a 620 score. Built for agents, contractors, and consultants paid by 1099.
P&L loan
Your CPA’s 12-month profit and loss statement is your income. 660 with two months of bank statements. 720 without.
Asset depletion
No income document at all. Your savings, brokerage, and retirement accounts are turned into a monthly number. 660 score. Up to 80% of the home’s value.
Two more paths sit next to those four. DSCR loans qualify a rental on its rent, not on you. And if your tax returns already show enough income, a regular loan or an Alt-AUS jumbo may price better. We check all of it before we recommend one.
Why Colorado Springs Has So Many Self-Employed Buyers
This is a military town. Military towns run on small business. Contractors who serve Fort Carson, Peterson, Schriever, and the Academy. Spouses who built a business that moves with each PCS. Veterans who got out and started a company. Real estate agents. Home builders. HVAC and plumbing shops. Cleaning companies, gyms, salons, and food trucks. And a growing number of remote 1099 workers who picked the Pikes Peak region on purpose.
The problem is the same for all of them. A good accountant lowers your taxable income. A bank reads that lower number as your pay. So the owner who keeps the most money is often the one who gets told no. We fix the document, not the business.
Who This Is Built For in Colorado Springs
Contractors and trades
Builders, HVAC, plumbing, electrical, roofing, concrete, landscaping. Heavy equipment write-offs and depreciation are exactly what bank statement loans ignore. Contractor mortgage guide.
Real estate agents
1099 commission income that swings by month. A 1099 loan counts 100% of it. Realtor mortgage guide.
Military spouse business owners
A business that moved with you on PCS orders still counts. Two years in the same line of work is what matters, not two years at this address.
Veterans who started a company
If you are VA-eligible, we run VA first. VA reads self-employed income its own way, and it is often the better loan. Colorado Springs VA loan hub.
Defense and aerospace 1099 consultants
Contract work for the bases and the primes is usually paid by 1099. That is the cleanest self-employed file there is.
Investors and house-hackers
Buying a rental near Fort Carson or a duplex downtown. DSCR qualifies on the rent. Investor loan guide.
How We Pick Your Path
Start your file in two minutes
No SSN. No credit pull. Tell us how you get paid and what you want to buy.
We run your income four ways
Tax return net, personal deposits, business deposits with each expense option, and 1099 or P&L if you have them. Same business, four numbers. We use the highest one that fits the program.
We confirm the number in writing first
On bank statement files, the statements go in for a formal income calculation before the loan is submitted. You know your qualifying income before you shop.
You shop with a real pre-approval
Listing agents in this market can tell the difference between a pre-qual and an underwritten approval. Yours is the second kind.
Appraisal, underwriting, closing
A real underwriter reads the file. Most self-employed purchases close in about 25 to 35 days.
Colorado Springs Numbers That Matter
Figures from the PRMG Non-QM Income Qualifying product profile dated June 4, 2026 and the 2026 FHFA conforming loan limit for El Paso County. Program terms change. Confirm on your file.
Self-employed buyers here shop the same streets as everyone else. Briargate and Northgate on the north end. Rockrimmon and Mountain Shadows on the west side. Old Colorado City and Downtown. The Powers corridor and Stetson Hills out east. Fountain and Security-Widefield to the south. Falcon and Peyton for new builds. Black Forest and Monument for land. The loan path does not change by neighborhood. It changes by how your money shows up.
Myths That Cost Colorado Springs Business Owners
Myth: You have to stop writing things off for two years first. No. On a bank statement loan, nobody reads your Schedule C. Keep your tax strategy. Change the loan.
Myth: These loans are for people with bad credit. No. Most of our self-employed files are 700+ scores with strong deposits. The problem was the document, not the borrower.
Myth: You need 30% down. No. 10% down is available on a primary home with strong credit. 20% at a 660 score.
Myth: A local bank is your best shot because they know you. Knowing you does not change their rulebook. Most banks have one way to read self-employed income. We have five.
Every Colorado Springs Self-Employed Page We Have
Sorted by how you get paid and what you are trying to do.
Bank statement loans in Colorado Springs
Qualify on 12 or 24 months of deposits. No tax returns.
P&L loans in Colorado Springs
Your CPA’s profit and loss statement is your income.
1099 loans in Colorado Springs
100% of your 1099 income counts. No expense haircut.
Asset depletion loans in Colorado Springs
Qualify on savings and investments instead of a paycheck.
Alt-AUS jumbo in Colorado Springs
Above $832,750 with clean tax returns and a DTI up to 49.99%.
Self-employed refinance in Colorado Springs
Rate-and-term to 89.99%. Cash-out to $1,500,000. No tax returns.
DSCR loans in Colorado Springs
Rentals qualify on rent, not your income.
Jumbo loans in Colorado Springs
Broadmoor, Flying Horse, Black Forest. Eight jumbo paths.
Contractor and trades mortgages
Built for builders, HVAC, plumbing, electrical, and every trade in El Paso County.
Realtor and commission-income mortgages
1099 agents and commission earners. Variable income, handled.
Rental property investor loans
House-hack, BRRRR, and out-of-state buyers. DSCR, bank statement, and HELOC paths.
Colorado Springs Self-Employed Mortgage FAQ
Can I get a mortgage in Colorado Springs if I am self-employed?
Yes. You can qualify on 12 or 24 months of bank statements, on 1099 income, on a CPA-prepared profit and loss statement, or on your liquid assets. Tax returns are not used on those paths. Bank statement loans start at a 660 score. 1099 loans start at 620.
How much do I need down as a self-employed buyer in Colorado Springs?
As little as 10% on a primary home with a 720 to 740+ credit score. 20% at a 660 score. Second homes and rentals need more.
Do I need two years of tax returns?
No. On a bank statement, 1099, or P&L loan, tax returns are not part of the income calculation. You do need two years of self-employment, or two years in the same line of work if your business is newer.
Which self-employed loan is best for me?
The one that produces the highest qualifying income. A 1099 loan is usually best for agents and contractors paid by 1099. A bank statement loan is usually best for owners with strong deposits and heavy write-offs. A P&L loan is best when your CPA can show a strong net. We run all of them before we recommend one.
Is a self-employed mortgage a subprime loan?
No. It is a fully documented loan with a different income document. Most borrowers on these programs have strong credit and strong cash flow. Their tax return just does not show it.
Can I buy above the El Paso County loan limit?
Yes. The 2026 conforming limit is $832,750. Bank statement, 1099, and P&L loans go up to $3,500,000. Above the limit the credit score and down payment requirements step up.
I am a veteran with a business. Should I use VA or a self-employed loan?
Usually VA. It allows $0 down and no mortgage insurance, and VA reads self-employed income its own way. We run VA first for every eligible borrower and only move to a bank statement or 1099 loan if VA does not work.
How long does a self-employed purchase take to close in Colorado Springs?
About 25 to 35 days. The income calculation is done up front, before the loan is submitted, so there are fewer surprises late in the file.
Can I refinance my Colorado Springs home without tax returns?
Yes. Rate-and-term refinances go to 89.99% of the home’s value with a 740 score. Cash-out goes up to $1,500,000. Both use bank statements, 1099s, or a P&L instead of returns.
What if I have been self-employed for less than two years?
It can work if you have two years of W-2 history in the same line of work. A nurse who opened her own practice 18 months ago usually qualifies. Under one year with no related history does not.
Related Guides
The national self-employed mortgage guide covers every program in depth. How banks calculate self-employed income shows the math. Newly self-employed covers the under-two-years exception. And if you are a veteran, start with the Colorado Springs VA loan hub.
Written by
J.D. Peck
Area Manager and Mortgage Loan Originator at Paramount Residential Mortgage Group, Inc. NMLS #314883. 25+ years of mortgage experience, 3,100+ closed loans, Scotsman Guide Top Originator 2026.
Last updated: September 9, 2026. Loan program parameters subject to change — confirm current eligibility on your specific scenario before relying on any figure shown.
Find Out What Your Business Qualifies For
Two minutes. No SSN. No credit pull. We run your income every way it can be run and tell you which number wins.
What are you looking to do?
No SSN required. No credit pull. Takes about 2 minutes.