Mortgage Purchase Process
Want to get pre-approved? Looking to purchase a home?
Step 1: Find Out How Much You Can Borrow
Self Employed Borrowers
Self employed borrowers often find a greater hurdles with borrowing than an employed borrower due to tax returns. For most loan programs, the problem with lending to a self employed borrower is documenting the applicant’s income. Borrowers who are employed can provide pay stubs and lenders can verify the income through their employer. In absences of verifiable income documents, the lenders rely on income tax returns, which they typically take 2 years into consideration.