I am self-employed. How will you verify my income?

Generally, the income of self-employed borrowers is verified by obtaining copies of personal (and business, if applicable) federal tax returns for the most recent two-year period.

We will review and average the net income from self-employment reported on your tax returns to determine the income which can be used to qualify. We will not be able to consider any income which has not been reported as such on your tax returns. Typically, we will need at least one, and sometimes a full two-year history of self-employment to verify that your self-employment income is stable.