If one year went by before employing I have no loss on the Heloc but i would on the refi.Lets say I employ this Heloc to its fullest on my second deal. 20k down at say 8% today.

(Here’s all the info I can give to assist with your response to my question.)Location: Philadelphia, PACredit Score: 660Income $2200/monthDTI: 30%Employment status: Full TimeCash for downpayment: $4000-$6000As far as my “debt” I have a total of 6 Credit Cards & my card utilization is 75%, 63%, 64%, 90%, 57%, 65%.

Bureau of Labor Statistics: Current Employment Statistics (CES)The Current Employment Statistics (CES) program produces detailed industry estimates of employment, hours, and earnings of workers on payrolls every month.

The LLC needs 2 years of tax returns to prove income to get a loan, just like a self employed person.

We normally use Zumper for all-in-one screening (credit, criminal, employment, etc) now they do not do the criminal check.Does anyone have any suggestions for a service that could just do the criminal check.

(I can already do the 5% and am working my way quickly towards 10%)Question 1: Is it really necessary to wait another 6 months and have a full calendar year of employment under my belt to apply for a conventional loan?

I don't know the Northern Indiana markets well but my biggest concern with both are that both are small markets with fairly limited industry and employment base.

With our W-2 wages, is the right path to go through traditional unemployment or do we have to wait for the new Pandemic Unemployment Assistance (PUA) process for business owners and self-employed.

The big things to watch are interest rates, changing loan requirements, inventory levels, occupancies, tenant mix and employment.

Her employer is likely compensating her for driving due to work, not to and from work - thus if you decided to include this on her income, make sure you add something to her monthly liabilities as well when you run a budget for her as she will be presumably spending more on fuel / vehicle maintenance as well.