Typically, self employed people are required to produce copies of the Tax Returns they have filed with the IRS. There are other documentation requirements depending on the type of business and how it is structured. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR, WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.
Standard mortgage rule will require you to supply your business and personal tax returns, along with a YTD P&L statement. Lenders may also look up a license if requires, see if the business name is registered with the state, etc. Millions of self employed people get loans all the time. Visit my website at https://joemetzler.com/mortgages-for-self-employed/ for self-employed loan information. Cambria Mortgage, NMLS 274132. I lend in MN WI IA SD ND.
Your question makes me think of how many programs have come back that give self employed borrowers additional options. Feel free to reach out at 216-496-0211
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