Best Self-Employed Lenders in Michigan (2026)
Compare self-employed lenders serving Michigan self-employed borrowers. We found 12 lenders offering self-employed mortgages in Michigan — see rates, LTV, credit requirements, and expert reviews below.
Self-Employed Borrowers in Michigan
Michigan has a flat state income tax, and Detroit, Grand Rapids, and Ann Arbor have growing populations of freelancers, contractors, and small-business owners. Self-employed borrowers here often qualify with bank statement or 1099 income programs. Non-QM lenders serve the state.
Key Markets
Typical Rates
7.0%–9.5% (approx.)
Max LTV
Up to 90% (purchase)
Typical Terms
30-year fixed or ARM
Min Credit
620–680
Self-Employed Lenders Serving Michigan
| Lender | Rates | Max LTV | Min Credit | Loan Range | Speed | Rating |
|---|---|---|---|---|---|---|
| Griffin FundingFeatured | 7.25%–9.75% | 90% | 620 | $100K–$5M | 21–35 days | 4.5 |
| Angel Oak Mortgage Solutions | 7%–9.75% | 90% | 620 | $100K–$4M | 25–40 days | 4.5 |
| New American FundingFeatured | 7%–9.5% | 90% | 620 | $100K–$5M | 21–40 days | 4.0 |
| Newfi LendingFeatured | 7.25%–9.75% | 90% | 620 | $100K–$4M | 21–35 days | 4.0 |
| Northpointe BankFeatured | 7%–9.5% | 85% | 640 | $100K–$3M | 25–40 days | 4.0 |
| Carrington Mortgage Services | 7.25%–10% | 85% | 600 | $100K–$4M | 25–45 days | 4.0 |
| Deephaven Mortgage | 7%–9.75% | 90% | 620 | $100K–$4M | 25–40 days | 4.0 |
| Acra Lending | 7.25%–10% | 90% | 600 | $100K–$4M | 25–45 days | 4.0 |
| A&D Mortgage | 7.25%–9.99% | 90% | 620 | $100K–$5M | 25–45 days | 4.0 |
| Newrez | 7%–9.75% | 90% | 620 | $100K–$4M | 25–40 days | 3.5 |
| LoanStream Mortgage | 7.25%–9.99% | 90% | 620 | $100K–$4M | 25–45 days | 3.5 |
| Champions Funding | 7.25%–10% | 90% | 600 | $100K–$5M | 25–45 days | 3.5 |
Griffin Funding
4.5Griffin Funding is a consumer-direct lender that has built much of its brand around non-QM lending for the self-employed. Borrowers can apply directly online — no broker required — across bank statement, asset-based, 1099, and P&L programs in addition to conventional and VA loans.
7.25%–9.75%
90%
620
21–35 days
$100K–$5M
No experience required
Angel Oak Mortgage Solutions
4.5Angel Oak Mortgage Solutions is one of the largest and most established non-QM lenders in the country, with the broadest self-employed menu in the market. Important for consumers: Angel Oak Mortgage Solutions is a wholesale lender — you cannot apply directly and must work through a mortgage broker.
7%–9.75%
90%
620
25–40 days
$100K–$4M
No experience required
New American Funding
4.0New American Funding (NAF) is one of the largest privately held mortgage lenders in the country, offering a full retail menu that includes non-QM options for self-employed borrowers alongside conventional, FHA, VA, and jumbo loans. Borrowers apply directly through NAF.
7%–9.5%
90%
620
21–40 days
$100K–$5M
No experience required
Newfi Lending
4.0Newfi Lending is a non-QM specialist that operates a genuine consumer-direct retail channel in addition to wholesale. Self-employed borrowers can apply directly for bank statement, asset-utilization, 1099, and ITIN programs without going through a broker.
7.25%–9.75%
90%
620
21–35 days
$100K–$4M
No experience required
Northpointe Bank
4.0Northpointe Bank is an FDIC-insured chartered bank that portfolios select non-QM products, letting self-employed borrowers apply directly for bank statement, asset-depletion, and P&L programs. As a depository institution, it underwrites and holds some of these loans itself.
7%–9.5%
85%
640
25–40 days
$100K–$3M
No experience required
Carrington Mortgage Services
4.0Carrington Mortgage Services is a vertically integrated lender and servicer with a deep non-prime and non-QM focus. Its "Flexible Advantage" series targets self-employed and credit-challenged borrowers, and consumers can apply directly through Carrington's retail channel.
7.25%–10%
85%
600
25–45 days
$100K–$4M
No experience required
Deephaven Mortgage
4.0Deephaven Mortgage is a pure non-QM lender (owned by Pretium) that has focused exclusively on alternative-documentation loans since 2012. For consumers, the key point is that Deephaven is wholesale and correspondent only — you reach its programs through a mortgage broker, not directly.
7%–9.75%
90%
620
25–40 days
$100K–$4M
No experience required
Acra Lending
4.0Acra Lending (formerly Citadel Servicing) is one of the oldest and largest dedicated non-QM lenders and an active securitizer. It is a wholesale lender — consumers reach its bank statement, 1099, P&L, ITIN, and other programs through a mortgage broker rather than applying directly.
7.25%–10%
90%
600
25–45 days
$100K–$4M
No experience required
A&D Mortgage
4.0A&D Mortgage is a Florida-rooted, nationwide non-QM specialist serving thousands of broker partners and an active issuer of non-QM securitizations. It is a wholesale and correspondent lender — borrowers reach its full self-employed menu through a mortgage broker.
7.25%–9.99%
90%
620
25–45 days
$100K–$5M
No experience required
Newrez
3.5Newrez is a large national lender and servicer (part of Rithm Capital) offering its "Smart Series" of non-QM products. It operates both retail and wholesale channels — consumers can apply directly, though the broadest non-QM guidelines often live on the broker side.
7%–9.75%
90%
620
25–40 days
$100K–$4M
No experience required
LoanStream Mortgage
3.5LoanStream Mortgage offers a well-known non-QM line branded "NanQ," covering bank statement, 1099, P&L, asset, and ITIN programs. The NanQ line is a wholesale staple — consumers reach it through a mortgage broker rather than applying directly.
7.25%–9.99%
90%
620
25–45 days
$100K–$4M
No experience required
Champions Funding
3.5Champions Funding is a 100% non-QM lender and a Treasury-designated Community Development Financial Institution (CDFI), a status that supports more flexible, exception-based underwriting for underserved borrowers. It is a wholesale lender — consumers apply through a mortgage broker.
7.25%–10%
90%
600
25–45 days
$100K–$5M
No experience required
About Self-Employed Mortgages in Michigan
A self-employed mortgage is any home loan designed for borrowers who own a business, freelance, or earn 1099 income and cannot easily document income with W-2s and pay stubs. This overview covers the full menu of alternative-documentation options and routes you to the right specific product.
Michigan self-employed borrowers use self-employed mortgages for business owners and sole proprietors and freelancers, consultants, and gig workers. Compare self-employed terms from multiple lenders to find the best fit for your Michigan home financing.
Other Loan Types in Michigan
Self-Employed Lenders in Nearby States
Run the Numbers on Your Michigan Mortgage
Use our free calculator to see how your Michigan home financing works with Self-Employed qualifying.