Self-Employed loan snapshot for Washington
| Item | Estimate |
|---|---|
| Minimum down payment | 3%–10% |
| Minimum credit score | 620–660 |
| Typical WA home value | $519,800 |
| 3.5% down on typical home | $18,193 |
| 20% down on typical home | $103,960 |
| Avg. effective property tax | 0.84%/yr (~$363/mo) |
| Income for typical home (31% rule) | $162,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Which Washington programs pair with Self-Employed loans?
- Home Advantage DPA: Deferred down payment assistance paired with a Home Advantage first mortgage.
- Opportunity DPA: A 1% deferred loan for lower-income first-time buyers.
Details and current limits: Washington State Housing Finance Commission (WSHFC).
What documents do self-employed borrowers need?
- Two years of personal federal tax returns (all schedules).
- Two years of business returns (1120S, 1065 or 1120) if applicable.
- Year-to-date profit and loss statement.
- Business license or CPA letter verifying the business.
- Recent personal and business bank statements.
Full-doc vs bank-statement loans
| Full documentation | Bank-statement (non-QM) | |
|---|---|---|
| Income source | Tax returns | 12–24 months of deposits |
| Down payment | 3%–5%+ | Usually 10%+ |
| Rate | Market | Typically higher |
Self-Employed loans in Washington cities
SeattleSpokaneTacomaVancouverBellevueKentEverettSpokane ValleyRentonFederal WayYakimaBellinghamKirklandAuburnKennewickPascoRedmondMarysvilleSouth HillSammamishLakewoodRichlandShorelineLaceyOlympiaBurienBothellBremertonEdmondsPuyallupLynnwoodLake StevensIssaquahParklandLongviewWenatcheeMount VernonGrahamUniversity PlaceSpanawayWalla WallaDes MoinesPullmanSeaTacOrchardsMaple ValleyCamasTumwaterMoses LakeMill Creek EastMercer IslandBainbridge IslandOak HarborFredericksonNorth LynnwoodKenmoreEastmontUnion Hill-Novelty HillCottage LakeHazel DellBonney LakeMartha LakeSilver FirsTukwilaFive CornersMountlake TerraceMukilteoBattle GroundSilverdaleBothell WestCovingtonMill CreekArlingtonPort AngelesMonroeSalmon CreekEllensburgCentraliaFairwoodAnacortesBryn Mawr-SkywayCamanoWest RichlandAberdeenWashougalPort OrchardSunnysideLyndenLake StickneyFerndaleWhite CenterLakeland NorthBothell EastEast WenatcheeArtondaleFort LewisElk PlainSnoqualmieWoodinvilleLake Forest ParkNewcastleLakeland SouthCheneyKelsoEdgewoodEnumclawSedro-WoolleyRidgefieldLiberty LakeLake TappsEast Renton HighlandsGig HarborMinnehahaPrairie RidgePoulsboBirch BayGrandviewFifeMaltbyAirway HeightsFelidaSumnerMount VistaSheltonYelmLake Morton-BerrydaleFairwoodVashonPort TownsendSnohomishAlderwood Manor
Frequently asked questions
Yes. Self-Employed loans are available statewide in Washington through approved lenders, subject to county loan limits where they apply.
Often yes. Washington State Housing Finance Commission (WSHFC) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.