recently self employed can i still refinance?

If your current loan is FHA or VA, then yes.. You can refinance right now.. Otherwise you will need to provide income verification to qualify.. For FNMA guidelines, if yourself employment is in the same line of work you were previously employed when working for someone else, then you could get an exception and only need one year filed tax return.. Example: you worked for a roofing company for 5 years, and then started your own roofing company.. in this scenario, if you were successful while working for your employer, and maintained good credit, and you show enough income as a SE borrower, then with one year's filed federal tax return, you can get an exception.. if you have changed fields, then the lender will need 2 years completed, filed, federal tax returns to consider you.. Also keep in mind that in either of these scenarios, the lender will only consider the income that you show and pay taxes on.. so for example, if you brought in $300K in 2012, and you wrote off $280, then the lender can only consider your net income of $20K for qualifying purposes.. 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. 480-287-5714 WilliamAcres.com

Mark -- part of the answer will depend on if your loan is owned by Freddie Mac, Fannie Mae, or guaranteed by FHA or VA. In the first two cases,if you are underwater (owing more than currently worth) - you may be able to find lender providing HARP loans for folks in your situation. In VA case,it is possible to do an IRRRL (Interest Rate Reduction Refinance Loan) without needing to verify income. You should get with a local, licensed mortgage officer to determine where you sit. If none of these fit, you may even have to wait two years, de-pending on whether your self employment is in field you have previously been working in or not.

Most lenders will require that you have two years of self employment income, before you can refinance.

In most cases, you will need 2 years of tax returns.

Hello Mark. You may be able to refinance. It depends on what kind of loan you currently have. If you want to email me your contact information we can chat and I will see which programs you qualify for, even if you are self-employed.Warm regards,Kim Jones-ZweigSenior Mortgage BankerFidelity Bank Mortgage3490 Piedmont Road, Suite 750Atlanta, GA 30305p: 678.468.4046 | f: 678.829.0612e: kim.jones@lionbank.comw: www.kimdjones.comNMLS# 545217

For most loans, you will be required to provide two years of tax returns to prove income. If you have an FHA or a VA loan, you could complete a streamline refinance, which often does not require proof of income.

Most loan products require two years of tax returns on self employed borrowers. However, if you have an FHA or VA loan you may be able to do a streamline refinance in which income is not verified. Your best bet is to talk to a local mortgage banker to go over your specific scenario with them.

Depends on what your current loan is today... Most loans will require you provide full proof of employment, and if self-employed, that you be self-employed for at least two-years. FHA and VA allow for a streamline refinance that require we document you have a job, but we do not have to see any paystubs, or tax returns. www.streamline-refinance-mn.com

This depends on the type of loan that you currently have- If you have a FHA or VA loan- contact a local lender, they maybe able to help you with a streamlinerefinance- If not, normally a 2 year history of self employed income is necessary.

Yes, you'll need to wait until you can show two years worth of income on your tax returns.