Loan approval without loan verification?

All your best rate traditional loans require proof of income. For self employed, we look at the full tax return, see what you brought in the front door, see what you wrote off, and essentially the bottom line amount you told the IRS is your income after expenses is what we use for qualifying income. Many times these legitimate writeoff's can cause you problems getting a mortgage loan. But without a full application, and submitting your returns, there is no way for any lender to guess if you qualify or not. There are alternative loans, like bank statements for income instead of tax returns for self employed people that work well, but the interest rates are higher, so you always want to try for a traditional loan first. I lend for both of these types of self-employed loans for properties in MN WI IA SD ND. find me at Joemetzler.com - Cambria Mortgage, NMLS 274132