We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
The typical problem that self employed people run into is that they write off business expenses on their income taxes each year. It's a catch 22. If you write off most or all of your businesses expenses, it appears to a mortgage lender that your yearly net income isn't sufficient. On the other hand, if you do not claim many write offs for expenses, you immediately set yourself up for paying higher income taxes.
However, that no longer has to be an issue in your search for a home loan. We can now help locate specialized loan products tailor-made for self employed and high net asset clientele in California only.
We have access to new mortgage options such as:
1. 12 months of business or personal bank statements
2. 1 year tax returns (no more 2 year averaging)
3. Substantial assets
4. No income ratio for loans under 50% LTV
In the past, a majority of self employed people would simply seek out a stated loan in order to purchase or refinance property. After the housing and mortgage meltdown, many of these loan programs simply disappeared. Lenders soon became more stringent with their lending guidelines and it became subsequently harder for people who owned their own businesses to qualify for financing. Now that the real estate market is making its way back, a small number of lenders are now expanding their guidelines to become more attractive to certain buyers who have been neglected.
Give us a call at 800-598-9790 or visit http://www.selfemployedmortgageloans.com for more details.
Shelbie Butler, DRE 01902631
Better Homes & Gardens / MMRE
If you are a foreign I have a program that might interst you, With this programs we use diferent guide lines to help foreign people buy a home pleas feel free to contact me
Senior Loan Officer
614.324.4700 Ext 1561
You will also have to think about whether or not you can actually afford the payment at 32k per year take home you will be stretched to say the least.
If this is for a primary residence you would just wait until you have enough income to qualify conventionally.
Hope that helps.
The vast majority of lenders with whom you'd want to work will require a combination of the items below in order to qualify your income. Without a consistent trend on these, you may find it difficult to get decent terms on your financing:
Current paystubs covering 30 days (if applicable).
Two most recent W-2 forms (if applicable).
Two most recent 1040 tax returns.
IRS 4506-T (tax return transcript form completed by lender).
If you have questions or would like to discuss things further, I am happy to help.
It's possible that a portfolio lender in the San Francisco area is offering such loans, but it's very unlikely. If you really want to buy, I suggest you let a Loan Officer review your income & credit docs and perhaps by bringing in a co-borrower, it'll help you qualify for the amount you're looking for.
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(631) 659-2011 Office
(516) 918-5383 Fax