Would a condo/townhouse be of interest? That may be possible in the west Palmdale area. Have you been pre-qualified by a lender? If not, that will need to be the first step.
I would be happy to recommend you to a local loan officer to speak with to get this done.
Tamara Stoebe, REALTOR/Notary
GRI, e-PRO, CHS, QSC
DRE License #01827461
Prudential Troth REALTORS
1801 W. Ave. K
Lancaster, CA 93534
Fax (661) 422-3006
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.