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Updated about 4 years ago on .

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Dennis V Lieu
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Looking to buy my first home ( to live in) Southern California

Dennis V Lieu
Posted

Hello BiggerPockets community, I am trying to buy a home in the $700k-$1M range. I am prepared to down 20% but the lenders I've spoken to ( rocketmortgage, quicken) all demand 2 years worth of tax returns. My LLC was incorporated in 2020, so I don't have 2 years of tax returns. And previously I did not have a high income job. So I searched around and the option seems to find a income statement based loan, has anyone had experience with this? any help is appreciated , I am looking in Orange county, CA.