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If you`re a contractor, finding a mortgage lender can be tricky. Traditional lenders often require proof of consistent income, which can be difficult for contractors who may have irregular paychecks or gaps in work.

But there are mortgage lenders out there who specialize in working with contractors. These lenders understand the unique financial circumstances of independent contractors and offer mortgage options that may be more flexible than those offered by traditional lenders.

Here are our top picks for the best mortgage lenders for contractors:

1. Busey Home Mortgage: Busey offers a special loan program called the Contract Employee Mortgage that is specifically designed for contractors, freelancers, and other self-employed individuals. The program offers flexible underwriting requirements and allows for alternative forms of income documentation, such as bank statements and tax returns.

2. LoanDepot: LoanDepot offers several mortgage options for self-employed borrowers, including contractors. These options include a bank statement program that allows you to use your bank statements as proof of income, a debt-service coverage ratio program that considers your business income when determining your qualifying ratio, and an asset utilization program that allows you to use your assets to qualify for a mortgage.

3. New American Funding: New American Funding offers several mortgage options for self-employed borrowers, including contractors. These options include a bank statement program that allows you to use your bank statements as proof of income, a debt-service coverage ratio program that considers your business income when determining your qualifying ratio, and an asset utilization program that allows you to use your assets to qualify for a mortgage.

4. U.S. Bank: U.S. Bank offers several mortgage options for self-employed borrowers, including contractors. These options include a bank statement program that allows you to use your bank statements as proof of income, a debt-service coverage ratio program that considers your business income when determining your qualifying ratio, and an asset utilization program that allows you to use your assets to qualify for a mortgage.

5. Wells Fargo: Wells Fargo offers a special loan program called the Professional Mortgage that is designed for self-employed borrowers, including contractors. The program considers your assets and reserves when determining your eligibility and requires only one year of tax returns.

Overall, when searching for a mortgage lender as a contractor, it`s important to find a lender that understands your unique financial situation and can offer options that fit your needs. Consider the above options and compare them to find the best mortgage lender for your situation.