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Even if you aren’t employed at a traditional 9-to-5 job, you may still qualify for a self-employed home loan. Lending standards can be a bit tougher for those who are self-employed. Sometimes this requires stepping outside of conventional financing and most of the time requires a lot of organization and advanced planning. But, just because you work for yourself, doesn’t mean you can’t apply for the same mortgage programs as traditionally employed individuals. This even includes FHA home loans.


How to Qualify for a Self-Employed Home Loan

  • Be able to show us a substantial history of self-employment, typically two years or more.
  • Make sure your tax returns (both personal and business income) accurately and clearly reflect what you’re earning.
  • Plan ahead. Try to write off fewer expenses in the years leading up to your home purchase.
  • Make sure your business and personal finances don’t get mixed together. Keep organized records of business purchases.

Here at Summit Mortgage Corporation, we appreciate and understand the entrepreneurial spirit that defines the Northwest. That’s why we specialize in home loan programs for self-employed borrowers. We can help you gather the correct documentation to make sure your loan application is complete and accurately showing that you have the capacity to repay the loan. Learn more and find out what’s possible for you by contacting us today.

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