A CIBIL score of 750 or higher is generally preferred to signal disciplined repayment behavior.
Ideally, your total monthly debt obligations (including the new mortgage) should be below 40–50% of your monthly income. Essential Documentation how to buy a house if you are self employed
Buying a home while self-employed is highly achievable but requires demonstrating a over a continuous period. Unlike salaried employees who provide payslips, self-employed individuals must prove their repayment capacity through tax returns and business records. Key Eligibility Factors A CIBIL score of 750 or higher is
Most lenders require your business to have been operational for at least 3 years . Lenders look for specific indicators of stability to
Consistency and growth in your declared taxable income over the last 2–3 years are critical.
Lenders look for specific indicators of stability to mitigate perceived risks associated with fluctuating income.
You will need to provide more extensive paperwork than a traditional W-2 employee.