If I have a large amount of business deductions, will that mean that I won't get the loan that I would have gotten otherwise?

The lender will use the income you claim is what's leftover after all your expenses.. If you bring in $1,000,000 but write off $990,000, then you would have $10,000 leftover, and that's what the lender will use for qualifying income.. There are certain deductions that are allowed to be added back into your income such as depreciation or any expenses that show on your personal credit report, but are paid by the business. So to answer your question, yes.. the lender is going to look at your gross income after deductions.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

It is hard to say. Lenders can add some of the deductions back in to your total income but it will be based on what lines you used.