It's a little more difficult to get a mortgage when you're self-employed...usually. I have lenders who use 1-2 years of business bank statements to qualify you and it's usually very quick and easy, sometimes cleared to close in as little as 2-3 weeks from submission. And you shouldn't need to supply yearly taxes. They use an expense factor determined by either their default percentage (normally 50%), or by a CPA's letter stating that the expense factor is as low as 10-15%, depending on the lender. Low expense factors are normally due to working at a home office (like me), or other service jobs with low physical expenses. For example, if I get a CPA's letter stating that my expense factor is 20% and my monthly deposits are $10,000.00, my qualified income for the loan would be $8,000.00/month. They can also use use deposits in your personal account from the business at 100%, in some cases. Let me know if you're self-employed, your business makes you a good income, and you've had trouble getting a mortgage in the past. If you've been a registered/licensed business for at least two years, I'll work hard to find a solution for you!
