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Self-employed individuals in California can absolutely qualify for home loans, though the requirements from lenders can be a stricter. As a self-employed person in SoCal, the best loan will be the mortgage loan that has the greatest benefits, that you also qualify for. Keep in mind, without W2 statements, lenders will ask for extra documentation to prove your ability to pay the loan. They may request to review investment portfolios, and the may reduce the Loan to Value ratio, to ensure you don’t have a lot of outstanding debt relative to your earnings. You will likely also have to put down a fairly significant down payment. Plan to have at least two years’ worth of income documentation before applying for a home loan as a self-employed person in California.