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Updated almost 4 years ago,

Jon Satchwell's profile image
Jon Satchwell's profile image
Jon Satchwell
  • Investor
  • from US
  • Member since May 27, 2019
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User Stats

12
Posts
8
Votes
Jon Satchwell's profile image
Jon Satchwell's profile image
Jon Satchwell
  • Investor
  • from US
  • Member since May 27, 2019
Connect
Jon Satchwell
  • Investor
  • US
8
Votes |
12
Posts
Private Lending & Conventional Mortgage Advice

Loan Qualification with an S Corp

Jon Satchwell
  • Investor
  • US
Posted

I am interesting in buying more rental properties, but I recently switched jobs so I’m no longer on a W2. I now have an S corporation where I am required to pay myself on a W2.

Instead of waiting 2 years, I’m wondering if I make my W2 income high enough to qualify for a mortgage if a bank would be willing to lend based on that. Thoughts?

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