Your Tax Returns Don't Tell the Whole Story
Self-Employed? Paid on a 1099? Your Tax Returns May Not Tell the Whole Story.
Many successful business owners and independent contractors legally reduce their taxable income through business deductions.
While that's great for taxes, it can sometimes make qualifying for a traditional mortgage more challenging.
Fortunately, there may be other financing options available for qualified borrowers, including:
Bank Statement Programs
Profit & Loss Programs
1099 Income Programs
Asset Utilization Programs
The goal isn't to find "an easier loan."
The goal is to find the loan program that best matches how you actually earn your income.
Realtor Insight
If your client says they don't qualify because they're self-employed, it may be worth encouraging them to obtain a second opinion before giving up on purchasing a home.
Learn more in our newest educational blog. To read the blog Click Here
Robert Clark | Home Loan Consultant
Firestone Financial Group
209-227-7745
559-476-9279
NMLS #357788 | Company NMLS #301522 | CA DRE #01148307
Equal Housing Opportunity
Educational purposes only. Loan approval is subject to underwriting requirements. Not all applicants will qualify.
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