Requirements for Self Employed Mortgage

What do underwriters look for if you're self-employed? There are several tings you must know about if you're trying to buy a home as a self employed person! Here are a few: You must have at least 2 years as a self-employed person. Provide 2 years of tax returns and if you're 5+ years with the same entity, and you qualify for a conventional loan, you can show just 1 year of returns. We will take the income from the lower year. We take net income AFTER EXPENSES - we only take what you claim to the government. Watch the video to get the details! If this video helped you, don't forget to like / share 💕💕 #Underwriters #Self-EmployedBorrowers #LoanWithJen Follow Us On Instagram:   / loanwithjen   Linkedin:   / loan-with-jen-legacy-mutual-mortgage-nmls-...   Twitter:   / loanwithjen   Facebook:   / loanwithjen   Tags: Underwriters,mortgage process,mortgage loans,mortgage underwriting process,what is underwriting,underwriting process mortgage,underwriting meaning,first time home buyer,mortgage underwriting,home loan 📌More Helpful Content: 👉TikTok: @‌loanwithjen 👉Instagram: @‌loanwithjen 👉Facebook:   / loanwithjen   Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497 📃 - Blog Article - The Top Hidden Costs When Buying a Home https://www.loanwithjen.com/the-top-h... 📃 - Blog Article - How to Buy an Investment Property With an FHA Loan https://www.loanwithjen.com/how-to-bu... 📃 - Blog Article - The 3 Home Occupancy Types Explained: Primary, Secondary, and Investment https://www.loanwithjen.com/the-3-hom... 💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/ 📼 Related Videos: ▶️The Myths and Truths About Credit Inquiries:    • Will Inquiries Hurt My Credit Score - Myth...   ▶️Why You Should Use A Local Lender:    • Why You Should Use A Local Lender | #Loanw...   ▶️How to Buy A House With Low Income:    • 2020-How To Buy A Home With Low Income [Lo...   ▶️Using Rental Income To Qualify For A Mortgage:    • Using Rental Income to Qualify for A Mortg...