Qualifying for a Mortgage When Self Employed

If you’re self employed, it can be a challenge qualifying for a mortgage loan. We’ve compile our 4 favorite resources for helping your prepare for the qualification process!

  1. This article from Forbes covers reviewing tax returns, debt-to-income ratios and more.
  2. Review the new rules for self-employed mortgage borrowers from The Mortgage Reports.
  3. Check out these tips and myths from FHA.com!

One of the most important items for self-employed individuals is the ability to demonstrate a regular income from your business. Be ready to show a profit-loss statement as well and keep solid records for everything related to your business & personal finances.

Located in Palm Beach County and need some more help? Give our team a call for more!

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