Looking for a broker or loan officer w/ good experience in working with self employed borrowers. Any recommendations?

Asked by Mehul Dadhania, Mesa, AZ Sun Nov 14, 2010

Looking for broker or loan officer who have good experience of working with self - employed borrowers. I am local small business owner looking to buy my first home.

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Brenda & Ron Cunningham’s answer
Brenda & Ron…, Agent, Mesa, AZ
Sun Nov 14, 2010
BEST ANSWER
I can't imagine any lender having a problem with you being self employed unless you have not been filing taxes or just started up a business and don't have any history in this field. All the lenders I work with would be able to assist you. I would recommend getting prequalified before looking so that you know what you can purchase. This avoids disappointment in case you start looking at properties that are a bit to high for you.

I would be more than happy to help you through this process, please don't hesitate to call.

Brenda
1 vote
, ,
Mon Nov 22, 2010
Hi Mehul,

Congratulations on your decision to purchase your first home. If you have contacted someone for your loan, please feel free to contact me for a second opinion or any questions you may have. I work for one of the largest local mortgage banks in the Phoenix area & would be happy to meet with you, personally.

All the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite and fund FHA, VA, USDA, Jumbo, Conventional, loans to Canadians & other Foreign Nationals, on time. NMLS ID 263779 | AZ BK 0903725
Web Reference:  http://www.ezAZloan.com
0 votes
Mehul Dadhan…, Home Buyer, Mesa, AZ
Sun Nov 21, 2010
Thanks for all your help guys.
0 votes
Kyle, , Scottsdale, AZ
Wed Nov 17, 2010
If you still need a loan officer I can surely help you out, and yes, we are plenty experienced with self employed borrowers and able to qualify them.
0 votes
Occasio Real…, Agent, Mesa, AZ
Wed Nov 17, 2010
I do have one that is great, email me at info@occasiorealty.com we will get his information to you.
0 votes
James Wehner, Agent, Scottsdale, AZ
Mon Nov 15, 2010
I recommend giving John Rapasky at Counsel Mortgage Group a call. He is very knowledgable not only in lending, but has a law and accounting degree as well.

http://www.counselmortgage.com/
Web Reference:  http://www.jameswehner.com
0 votes
Annette Levi…, , New York, NY
Mon Nov 15, 2010
As a mortgage bankr for 24 years I know how to read tax returns and where to ad income to your AG. We are licensed in Az so you can contact me.
0 votes
, ,
Mon Nov 15, 2010
Rules governing lending to self employed borrowers have tighten and become more convoluted. Even more so depending on each borrower's particular situation. Now more than ever you need someone both knowledgeable and experienced to assist you. That said, instead of a major bank or credit union, I would recommend engaging a local loan officer that works for a well established mortgage broker or corespondent lender. Good luck.
0 votes
Jason Whaley, Agent, Mesa, AZ
Mon Nov 15, 2010
I have 2 really good people and they are both with the top mortgage bankr in the state and they can close quickly. If I have a tough client to get financed, I send them to one of these two depending on their overall situation. Give me a call and I will let you know which one fits your situation best.
Web Reference:  http://www.SearchAZmls.com
0 votes
Loren Hoboy, Agent, Phoenix, AZ
Mon Nov 15, 2010
Try one or both of these two.
Brian - iMortgate (480) 621-3441
Jon - Amerifirst (480) 688-0656

You can get more information on my website, or call me for general guidelines. I have worked with small business owners for 30 years.
0 votes
Carlos Ramir…, Agent, Mesa, AZ
Sun Nov 14, 2010
Mehul,

I have a few contacts for you, but the best one will depend on some other personal circumstance. Please send me your email and I will forward you some contacts and additional information.

Most loan officers will be able to help you, the most important factor these days is being able to support your income with documentation. It might be harder but we do it all the time.

Good luck!

Carlos J. Ramirez, PC, ABR, CNE
Associate Broker/Realtor, HomeSmart -
http://www.SmartAZRealty.com
0 votes
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