Working for family business. Loan approval?

Me and my husband made an offer on a home after receiving a pre-approval for a home loan. We are in the middle of trying to close and only just now realized that if you work for a family business then it is a different process to be approved for a home loan.My husband is a W-2 employee for his parents company and has been for the past 10 years. He does however own 6% of company stock.Are we likely to still be approved? My loan officer hasn't given much information about it except that we will need to send tax returns at some point. I am also getting a copy of the K1 just in case they ask for it. I am really worried about not getting our loan approved now. Is this going to make a final approval too difficult? by angpeterson32806 from San Mateo, California. Apr 8th 2022 Reply