Buying a home as a freelancer requires extra planning. Learn the full strategy for saving, qualifying, and timing a home purchase.
Most lenders require 2 years of self-employment tax returns. Your debt-to-income ratio is calculated from average income, not your best months.
$350,000 home: $70,000 down (20%) plus $7,000-17,500 closing costs. Total: $77,000-87,500 cash needed.
$80,000 income at 20% savings rate: $16,000/year. Timeline: about 5 years.
Open a high-yield savings account named House Fund 2030. Automate transfers. The named account creates psychological commitment.
Do not aggressively minimize taxable income. More reported income = larger mortgage qualification.
Start 2 years before you want to buy.
Maintain 6-12 months of mortgage payments in savings beyond the down payment.
Free to start. No bank connection needed. 150+ currencies, tax estimates for 20 countries.
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