Self employed mortgage

[Melissa Tannehill]

I left my corporate job and am now self employed. I have been self employed for almost 1 year. Does any one know a lender that would finance my next 2-3 unit (owner occupied) without W2 income or a 2 year track record for self employment history?

[Jarod Dudley]

@Melissa Tannehill

There are owner occupied bank statement loans, they use cash flow in your account to determine income instead of tax returns. Many self employed borrowers like these because then you don’t have to worry about your tax write offs being to high

You need at least 12 MO to qualify.

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Many borrowers can also qualify for conventional loans with 1 year of tax returns/self employed if your w2 position previously was the same field.

Good luck!

Mortgage Jarod