I am self employed for almost a year.i have been in the same career for 15+ years. loan advice?

Profile picture for sammerc
I have 20% to put down and great credit.
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April 24 2010 - New Berlin
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Answers (5)

Profile picture for Jody B. Hale

There are programs available to you and investors that specialize in your situation.  I can help you.

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April 26 2011
Profile picture for Aaron Meyer
You should be able to receive a portfolio loan from a local lender until you have 2 years taxes to qualify for a conventional mortgage without the cost of FHA fees.
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May 11 2010
Profile picture for DavidSheir
FHA loans allow one year of self employment if you have been in the same industry for at least 2 years.  Conventional Loans will stick to the 2 years self employment.  

Also, for those of you who are paid "1099," don't forget that the industry considers this "self-employment as well.
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April 25 2010
Profile picture for LUXURY HOME LOANS CA
Traditional lenders will require two years of self-employed federal tax filings. .... Happy funding, Rudi
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April 24 2010
Profile picture for petesmortgages

You will probably qualify for an FHA loan. Conventional is more strict on the 2 years. Pete Cannon, Wells Fargo Home Mortgage

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April 24 2010
 

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