Can I get a land loan if I am self-employed?
Yes — self-employment is irrelevant here because income is never part of the file. Whether you are a 1099 contractor, an S-corp owner, or a full-time farmer, qualification is the same: land appraising at 70%+ above the loan amount and one guarantor at 680+ credit.
Self-employed borrowers take the worst beating in conventional underwriting: two years of returns, add-back schedules, a CPA letter, and an underwriter averaging your best and worst years. Business owners who write off aggressively — which is to say, business owners with good accountants — routinely show qualifying income far below what they actually earn.
On an asset-based file, none of that machinery exists. There is no seasoning requirement on your business, no minimum time self-employed, and no distinction between a 30-year operation and a business you started last spring. The appraisal does not know or care how you earn.
This is also why the product suits career-changers buying their first ground — the recently retired executive, the tradesman going full-time on the farm — whose income history looks nothing like their income future. The land does not require your resume to pencil.
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