Updated almost 8 years ago on . Most recent reply
Self employed need refi to build on currently owned property
I'm self employed & own a 17 acre tract of land (paid for) that also has a 2br/2ba modular home I rent out. I want to (hopefully) take out a refinance on this property to build a house. I will have no other debt & my credit score is excellent. However for my taxes on 2016 I had quite a few deductions so my income isn't really reflective of what I earn. I haven't filed my 2017 taxes yet so are there any lenders that will only look at one year's worth of tax statements & perhaps bank statements? I also plan on boarding horses on this property which will be additional income. Can/will they take that into consideration? Thanks for any help/advice!