Self-employed individuals wanting to become homeowners often face particular challenges. Income is not regular as it is for employees, banks check creditworthiness more strictly, and funding opportunities are often more complicated. We show how self-employed individuals, freelancers, and creative professionals can keep track of their finances, plan their financing, and still realistically achieve home ownership.
1. Summary
- Bank meetings require comprehensive documentation: tax assessments, current profit and loss statements or annual financial statements, ongoing business analyses (BWA) or interim income statements, and sometimes even a business plan and more.
- Planning security is crucial: installments should be flexible and adjustable.
- Subsidy programs are also available for self-employed people – you just need to know how.
2. Special challenges for self-employed persons
Self-employed persons often have fluctuating incomes, which is why banks review income and its development over several years. A conservative calculation protects against excessive demands. At the same time, a targeted approach can help to make optimal use of subsidies. We advise you on how variable income can be taken into account in financing and work with you to develop your personal story.
3. Solutions and strategies
- Multi-year income assessment and realistic household and budget planning.
- Combination of fixed and flexible repayment components to maintain security.
- Use of subsidy programs such as KfW 124/297 or regional grants.
- Strategic selection of the property: location, condition, and potential for appreciation and use.
4. Practical example: Dilara, self-employed in Berlin
Initial situation: 35 years old, graphic designer, freelance, equity capital €150,000, purchase price range €400,000–550,000 for a 2-3-room condominium in Charlottenburg.
Questions: “How can I present my fluctuating profits? What subsidies are available to me?”
Solution: We created a financing strategy based on the last 3 years of income, combined flexible repayment options with KfW subsidies, and achieved a monthly installment that Dilara can afford even in weaker months.
5. Tips for self-employed
- Gather all documents early on and keep them up to date: tax assessments, business assessments, profit and loss statements, etc.
- Plan for a buffer for months with lower turnover (liquidity plans help immensely here).
- Check subsidy programs and discuss them with financing brokers if necessary.
- Don’t just base your financing on your dream, but check that it is suitable for everyday use.
6. Conclusion
With the right strategy and experienced support, self-employed people can also realize their dream of owning their own property. We help you find the right financing that offers both security and flexibility – tailored to the everyday life of self-employed people.