Was your self employed income a hobby? Or...are you using your self employed income to qualify if so why didn't you....was it an oversight? Really need to know the situation.
More info needed, but in general.. the best response is the truth.. Is your SE income your only source of income? If so, then you wont get a loan if you don't have tax returns.. was the SE income a side business? How much did you make? Is it possible that because you made so little, that you didn't think you needed to file? Was it a hobby? Maybe you didn't know you needed to file a return for hobby income.. Realistically, your loan officer should be helping you with this letter.. have you asked for direction from them? I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893
Hi, curious as to what you decided to write, truth will set you free as they say and hopefully get you a loan with an exception, we do exceptions all the time. You just need to know how to craft loans and sell it to our inhouse UW. I guess my 18 years of experinece is always helpful in these situations. If you need help let me know...Ralph Guertin 954-274-7725 Ralph.guertin@myccmortgage.com
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