Conventional loans do require income documentation. As indicated by David, if you are with Fannie Mae or Freddie Mac with your conventional loan, a HARP refinance may be possible if you last refinanced before June 1, 2009. Also, if you can show that the payments have been paid by your husband's business with the most recent 12 months of cancelled checks, that may be one way to overcome the issue.
Give myself, or my associate, Calvin Gale, a call (I am leaving for vacation in a few days) and we will see what we can do for you.
Bill Parker, CPA*
Sr. Loan Officer
*Licensed, no longer practicing
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
Phone: 480-525-8496, EXT 743
MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.
If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter