All Forum Posts by: Loyal Carpenter

Thanks, all, for the thoughtful responses. I'll share this information with him and encourage him to reach out to some local lenders/his business bank to get more clarity on his specific situation. 

Cheers! 

I have a friend who has been self-employed for about 6-months. He's doing great & just hired another employee. His understanding is that he is unable to qualify for a mortgage until he has been in business for two years. He's got a down payment & looking to buy his first home in the mid-term future. Does he have other financing options to secure a mortgage prior to this 2-year mark?