Self employed home loan and not the best credit

Sorry for your loss... Self-employed in and of itself is not an issue. Lenders simply require your past two-years Federal Tax Returns to determine your income after business expenses and write-offs. The 608 credit score is going to seriously limit your lender options. The vast majority of lenders do not lend for that low of a score. Simple contact a local licensed non-bank mortgage professional. Give them a full application, and let them review all your options with you.

Self employed borrowers have to show 2 years tax returns, and the lender is going to use your adjusted gross income. Self employed borrowers are more problematic in today's lending environment because the "Stated Income" loans of the past were specifically created for the self employed, but now they are gone. Lenders know they are going to write off everything they can, and they shouldn't be penalized for it... So if you take advantage of every write-off you can, you might not show enough income to qualify for the home.. As far as your credit score is concerned... there are lenders out there that will lend to borrowers down to 580 and some to 500, but guidelines are very strict... The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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. 480-287-5714 WilliamAcres.com

Hello,As long as you can provide 2 years tax returns you may qualify for a home loan with 608 fico score, we are a california broker/lender based out of Los Angeles, if you need help feel free to contact us for a Hassle Free consultation. http://www.cresticofunding.com

We can go down to 600. We would need 2 years tax returns to verify income. Give me a call to discuss your options, I love what I do and it's cases like this that make me work hard to make it happen for you. 888-320-7888 - Ken

I just went thru probate with my parents , so I know how hard it is , suffering from a loss , and having to deal with everything else.. call me at 602-330-1598 I can do the 600 fico score, and my email is yourloanpartnerforlife@live.com linda and I have some other ideas for you

Contact us now for your financial solution; We are the right lenders capable of funding your account within 24 hours.mayfundsinc@live.com