self-employed construction loansHello all. Good site. Good information.I'm a home owner and self-employed. We own 20 acres and a small New England cape in Vermont. We are adding on a building that is nearly the same size as the original house to expand for an incoming family member, as well as expanding our living space. The addition will cost approx. $200k, and we have already started the construction - funding it ourselves. We have put $35k into the foundation and first floor framing so far with a local builder working part-time. I've only been self-employed since Jan (7 months), but I'm in the same line of work that I was in while with my last employer. I was in that job for 10 years.Construction loans usually want to see 2 years of tax returns. I can show that, but they are tax returns for when I was a W2 employee. 1099 makes this a challenge from what I have seen.My income (to my company) is roughly $150k with 99% billable expenses. My wife is self-employed at roughly $50k annually. None of that matters much to underwriters.Does anyone know of a program out there that may work for this scenario?Thanks.MikeAugust 05 2010 - Barnard00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.