A short video regarding home loans for the self employed. Home loans for the self employed can be especially tricky given the complexity of both personal and business tax returns. Hence the reason for the creation of the stated income loan. Although a true stated income loan is hard to come by we do have some lenders that are about as close to stated income as you can get. For the rest of you self employed you will have to rely on your tax returns. Don't let your home loan get denied, contact us today.
Home Realtors 208-870-5133 - Nampa, ID
Designated Broker at Home Realtors of Idaho
It would be nice to have some sort of stated loans come back. The self employed are penalized unless they hold back write offs to show a profit, or at least show a big enough profit to get a decent loan amount. That of course is cheating yourself on your tax return just to qualify for a loan.
Mar 20, 2012 02:31 PM
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