💰Mortgages 🙏 for SELF EMPLOYED A mortgage if you are Self-Employed is not hard, provided you plan for it. The credit, property review, and everything else is the same as a wage earner. The difference is how you report income: namely, is it declared on tax returns or not? You need to be self-employed for 2 years. But how your income is determined varies. You can use Tax Returns or Bank Statement Deposits. Option 1: Use 2 Years of Tax Returns. FHA, VA, USDA, or Conventional Loan. Option 2: Use 1 Year of Tax Returns. Here you have 2 options: A Conventional Loan or an Alternate Mortgage. Option 3: Use Bank Statements to Show Income. If you declared losses or no income in 2017 and 2018, you can qualify for a mortgage using your bank statement deposits. It can be 1 year or 2 years, and it can be personal statements or business statements. Option 4: Use Just 2 Months Banks Statements. Here, all you need is enough money in a bank account (personal or business) to cover your down payment and closing costs. That’s it. You can get by with 1 month of statements, and then send the 2nd month prior to closing. #SelfEmployed, #SelfEmployedMortgages, #NoTaxes, #NoIIncomeMortgage, #BuyingHomeFlorida, #LoanAPproved, #FloridaRealEstate, #FloridaHomeoftheDay, #FloridaHomes, #GetaMortgage, #FirstTimeHomebuyer, #HistoricFlorida, #VintageFlorida, #Mortgage, #FloridaMortgageBroker, #SarasotaFlorida, #FloridaHistory, #HouseHunting, #Homebuyers, #SarasotaRealEstate, #TampaRealEstate, #OrlandoRealEstate, #MiamiRealEstate,#JacksonvilleRealEstate,#MortgageBroker, https://www.instagram.com/p/Bxe2xh2H3kb/?utm_source=ig_tumblr_share&igshid=1frk3wdap3nlr