As a self-employed, we can use different ways to determine your
1- We can cash flow two years of tax returns
2- One Year tax return- Self-employed or Business created 5 years or more
Borrowers with no income or low income in the tax returns.
1- Twelve or Twenty-four months bank statements (Personal or Business account)- average monthly deposits (not balance)- No taxes needed
2- We can use a Profit & Loss created by you. (unaudited)- No taxes needed
Working with a Mortgage Loan Originator that has the experiences working with Self-employed borrowers, will allow you to see all your options available to you.
*Providing all the documentation will allow Daniel to give you all the different options available to you.