After the mortgage crisis, there was a perception that self-employed individuals could not get loans; this was plain wrong.
If you were self-employed, you could get a loan but the lenders looked at your net income, not your gross income to qualify; the same holds true today.
However, if you write off all of your deductions and do not show any income, you may be able to get a loan today where you could not before.
Some lenders will look at your gross receipts in your bank account, and take a percentage of those receipts and consider it as income.
Another program is based off of the total liquid assets in your accounts.
If you are of retirement age, you can set up a monthly distribution plan out of your retirement account as an income stream.
Contact us and we can help you find ways to qualify!
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Counsel Mortgage Group®, LLC
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