Hello Tom:

If you are truly a sole proprietorship and not a Subchapter S or C corporation, your business is NOT considered a separate entity from you--the owner. This is why, although you may have bank accounts in the name of your business, every asset and operation of the business is still tied to you personally.

If you have a Subchapter S or C corporation, then the business is considered a "separate entity" and may operate as if it were another legal "person" with bank accounts and assets that are not necessarily tied to the owner or major stockholder of the business.

Talk with your local mortgage broker or lender, but I suspect that your business (as an extension of you personally) would not be able to qualify for a loan unless you could also qualify for the loan.

Good luck!!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty

Wells Fargo BREF (Commercial) offers mortgages but it would be restricted to self employed borrowers with at least 2 years tax returns through said sole proprietorship. I would be glad to answer additional questions on this specific loan structure if you contact me through my website at http://www.ronbeebe.com

Yes, but not as a FHA or conforming loan. Some lenders will lend and title to a company. It's a unique request and you should be prepared to pay a much higher rate and fee structure for the loan, but they do exist. Whether or not a lender will lend under these circumstances in Oklahoma is to be determined, but we definitely have lenders in WA state that do.