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Homepath Invesotr Loan for Self Employed

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aheckman Joined: 23 Feb 2010 Posts: 1 1.28 Dollars($)	Posted: Tue Feb 23, 2010 4:15 pm    Post subject: Homepath Invesotr Loan for Self Employed Like 0 Dislike 0 Can I get a Homepath investor loan in Arizona if I am self employed (software consulting LLC with proven income and contracts)? I have excellent credit, own my home, have a single home successful rental, etc, etc.
smithsussane Joined: 18 Sep 2008 Posts: 10408 Location: Alaska 981.02 Dollars($)	Posted: Tue Feb 23, 2010 8:29 pm    Post subject: Like 0 Dislike 0 Hi aheckman! Welcome to forums! If you are an investor and planning to buy a Fannie Mae home which requires renovations, then you will be able to get a Homepath investor loan. You will have to speak to the Arizona based lenders who offer such type of loans. Also, you may seek a no obligation free mortgage consultation from the lenders of this community and get to know whether or not you would qualify for such a loan. Feel free to ask if you've further queries. Sussane
jburke Joined: 09 Mar 2010 Posts: 90 Location: National 17.46 Dollars($)	Posted: Tue Mar 09, 2010 4:56 pm    Post subject: Like 0 Dislike 0 Hi Aheckman, It sounds like the main issue will be your AGI. If you show enough income to support the new mortgage payment you should be fine. The other thing that may help you is if you can document a history of receiving rental income on your tax returns. If you can, lenders will use the proposed rent to offset the new mortgage payment. "http://www.fhamortgagesdoneright.com" [Link deactivated as per forum rules. Thanks.]

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