Asked by xjazzwreck, Brooklyn, NY • Mon Apr 30, 2012
I am looking to purchase a 2 or 3 family townhouse in Brooklyn (Bushwick/Bed-Stuy areas) and want to apply for a mortgage soon.
My credit scores are in the low-mid 700s and I have no debt. I would like to do an FHA loan and I am a first time home-buyer.
But... I am self-employed (for over 3 years and was in the same field previously) and want to find the right lender who can help me through this process. Someone who is familiar with Brooklyn real estate, FHA loans and working with self-employed borrowers. I show decent income on my personal income tax return but still might need help to meet income requirements, I read you can have a units monthly rent added to your qualifying income.. is this true? Also, can you add back in deprecations from your corporate return to your income?
Can anyone recommend a lender who can help me? I have a lot of questions and am looking forward to finding the right lender who can help me through the process.
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