Income And Employment

Self-Employed Mortgage Loans to Buy or Refinance Homes

Self-Employed Mortgage Loans to Buy or Refinance Homes

Borrowers can qualify for a self-employed mortgage with a single year’s tax return.

Most guidelines require lenders to average the most recent two years of income to qualify applicants.
Some programs allow borrowers with newer businesses if they have experience in their field and their income is at least what it was as a salaried employee.
Underwriters use an adjusted taxable income to qualify self-employed borrowers, not the gross income.

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