“If I’m self employed can I get a loan with less than 2 years of tax returns?”
With FHA the answer to this question is… Yes, it’s possible.
Here’s how…
1) You will need at least one filed tax return with a full 12 months of self employment income.
2) You must have worked in the exact same industry and job for at least 1 year while employed as a w-2 employee previous to your self employment. You will likely need a letter from the previous employer detailing the job / duties performed to prove it was the same as your self employment.
I’ve done several of these loans. Generally, as long as you can meet the previously mentioned conditions you will be ok.
That’s it for today!
Brett
To see if you qualify for a mortgage right now – [ez_btn color=”red” url=”http://r20.rs6.net/tn.jsp?e=001ZsPIwUJX5myadWTNmLM40p3105ZmijvDiFaRrGk2pLk2d7djclcxFOoYDH4jnPL3eJxE31ln2mNnnAw0ngR6ZVSqyK469UA-NXaqmgNx4nv60si8YmjXb7hVgXOoXYQ1Vue1Rk486lymQk0v4CSfkA==”]CLICK HERE[/ez_btn] and fill out this simple application.
To sign up for my weekly mortgage quick tips – [ez_btn color=”red” url=”http://loansdonequickly.com/email-quick-tips-sign-up/”]CLICK HERE[/ez_btn].
One of the most important things you will have to do when you apply for…
I wanted to let you know we have a 2% to 5% downpayment and closing…
If you want to acquire rental properties, but you are having issues proving your income…
Do you need cash out of your home, but you don’t want to refinance the…
In the mortgage world there are rules we have to follow. Such as, rules about…
Do you have investment property, and would like to pull cash out of your property?…