I work for myself what can i get for a home loan

How long have you been self employed? I am local..give me a call. Kyle 253-460-6000

Hi Nolan, I'd be happy to help. We handle self employed income on a few of our closings every month. Call me: 425-274-2214 Thanks, Jordan.

As long as you have been self employed for at least two years and show enough income so that with the new loan your debt ratio isn't over 50% you shouldn't have an problems. They will look at your last two years tax returns to determine your income, unless the most recent is less then they will use that.

The standard is 2 years self-employed with at least one year on tax return (IRS) but sometimes only one year is possible. I'd want to review your most recent tax return before give a pre-approval. Your qualifying income is what you report on your tax return after expenses - what you pay taxes on. Any depreciation expense is added back to your income - and a few other things.

You will be required to produce proof you have been self employed for two years. Depending on your down payment and how your tax returns look (schedule C more than likely) they will average your income off 1 or 2 years of tax returns.We lend in Washington if you would like more help.

Proof of income by tax returns may be your biggest problem.

so long as you have 2 years of SE employment and filed federal tax returns to support your income, you should be fine.. typically, SE borrowers will have a lot of write offs, so for the most part, they are going to look at your adjusted gross income (with a few acceptations/alterations)... so what ever you claim as income after your expenses, is the same income the lender will use to determine your debt to income ratios.. so long as that number is large enough, you should be fine.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com