Harp refi and self employment

Have you contacted your current mortgage servicer? Most of the big banks are doing HARP refinances and that's probably the best place to start. Good luck - Mark

Two years of IRS form 1040 Schedule C income should be sufficient to prove income.

I The HARP program does require verification of income, but some lenders may require it anyway. If you cannot (or will not) verify income with your lender, you may show 12 months of PITI in reserves as a substitute for actual verifiable income. PITI stands for Principal, Interest, Taxes, and Insurance. In short, if you can show that you have 12 months of housing payments "saved up", HARP will treat those reserves as "income".I am licensed in Florida please give me a callSharon 732 606 6264

Other than your existing mortgage company, most other lenders will require you to document, and show enough income to qualify, by you providing your last two-years federal tax returns. www.HARP-Refinance-MN.com

If your current lender is not able/willing to help, you should call some local, licensed mortgage offices, and ask if they are "Direct Freddie Mac": -- if they are, they can help you because they should be able to do a HARP loan without requiring income proof or appraisal.

Most lenders should only require the previous year income docs.

You need to apply with a lender 411 loan officer and the will Run LP and then you'll know if you can only use the one year of income.

Would love to try and help you - like mentioned earlier, will need to take your application and run the Freddie Mac approval to see what the findings say. Feel free to contact me and I can walk you through it. Thanks,

Many HARP refinances only require 1 year of income documentation. Our company follows the automated underwriting approvals with no "overlays" for additional requirements typically. We alsodo not have a loan to value cap on HARP refinances. I'm not licensed in FL but we have loan officers who are. www.lhfinancial.com