Lenders look at your net income, not your total revenues, for qualification. But, there are other ways to get qualified. There are loans where lenders will look at your bank statements and use a percentage of deposits as income. Many lenders require 2 years self-employment, but there are some lenders who only require 1 year. There are 1099 only programs. There are also loans available where your income and employment are not verified (but you’ll need substantial reserves to qualify). Are you self-employed and struggling to qualify? Give us a call and we can help.
Counsel Mortgage Group®, LLC
Licensed in Arizona, California, Hawaii and Illinois
www.counselmortgage.com
480-502-1000
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AZ MB #0909580
CA DBO # 60DBO43873
HI-178927
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