Self Employment Loan Options Could Really Use Some advice
I am a minister. I get a regular paycheck, work for a non-profit, but due to the IRS rules, I am qualified as self-employed under the new rules, the number they are looking for is adjusted gross ... that is half my income ... housing, auxiliary income is not included - there is no way to qualify for a mortgage ... any suggestions ... by johnp23 from Goleta, California. Apr 22nd 2010
Louis Jeffries (LouisJ)
#11 ranked lender in Illinois - 57 contributions
IRS rules and Lending rules are not the same. If you are an employee with a regular paycheck, even from a non profit then that is counted as your income and your tax returns are not required. If you want to count additional income then that must be averaged for the last 2 to 3 years and then the lender will review your taxes. So if your pay stubs only show your regular pay and not the extra stuff then you are qualified on that income. To give you an exact answer I would need to review your pay stub first and then your tax returns.
Marty Borges (mborges)
#253 ranked lender in California - 20 contributions
I have a stated income program that might work. Please call me @ 310-971-7444 Marty with Vesta Capital
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