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Updated over 4 years ago,

Debola Immanuel's profile image
Debola Immanuel's profile image
Debola Immanuel
Pro Member
  • from Atlanta, GA
  • Member since Jul 9, 2019
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Debola Immanuel's profile image
Debola Immanuel's profile image
Debola Immanuel
Pro Member
  • from Atlanta, GA
  • Member since Jul 9, 2019
Connect
Debola Immanuel
Pro Member
  • Atlanta, GA
0
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10
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Private Lending & Conventional Mortgage Advice

What to do if taxable income is too low for fha

Debola Immanuel
Pro Member
  • Atlanta, GA
Posted

What do I do if my taxable income is low due to deductions on taxes as a 1040 worker? I'm trying g to get am fha 203k loan. My credit is good. I'm self employed. I messed up on my 2019 taxes because there were too many deductions and my taxable income was low. The lender I spoke with said I needed a cosigner because of it. Is this accurate? Are there any other options?

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