Mortgage Qualification

Your business finally clicked. Two years ago, you made $55,000. Last year, $72,000. This year, you’re on pace for $90,000 or more. Then a mortgage lender looks at your file and qualifies you using a number that feels like it belongs to the old version of your business. That can be frustrating, but there is … Read more

Yes — getting a mortgage after only 12 months of self-employment can be possible in the U.S. But reaching month 12 does not automatically override the more common two-year income history lenders look for. Under Fannie Mae guidelines, income from a borrower with less than two years of self-employment may be considered when the most … Read more