Financing in Valparaiso : Questions & Answers

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Brent Wright, Real Estate Pro in Portage, IN
Brent Wright answered:
i am self employed full time for the past year. but have been working in the same field for ten years. How do they figure income for a FHA loan?
Hello Terry,

I have been self employeed my entire adult life. Right now what the lenders are doing is they're taking your last 2 tax years so right now 2011 & 2012. Add your total gr ... more
0 votes Share Flag Tue Mar 26, 2013 Financing in Valparaiso
Other/Just L…, Other/Just Looking in Fleming Fitch Grant,...
Other/Just Looking answered:
I am self employed and need fha advice
Lending answer:

Under FHA rules, self employed borrowers must provide 2 years of tax returns to demonstrate qualifying income. Bank statements cannot be used to prove income, but are ... more
0 votes Share Flag Fri Aug 1, 2008 Financing in Valparaiso
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