There is some conversation out there that if you are self-employed, you cannot qualify for a loan; well, this is just wrong. If you have been self-employed for at least 2 years you may be able to qualify for a loan.

Lenders will take the average of your net income over the last 2 years as reported on your tax return. This income can be reported in a variety of ways.

For example:
– On the Schedule C of your 1040, or Schedule K-1 if you file an S Corporation or Partnership return. They’ll also consider wages you pay yourself on a W-2.
– If depreciation is taken, it can be added back.

We have brokered loans to self-employed people. Contact us and we can help you pre-qualify. We offer a variety of products and services. We work for you, not the lender.