Compare Mortgage Quotes

Guest

Have 2 years of tax returns when working for a company. This year working self employed. Does that qualify for a mortgage?

smithsussane · Posted: Mon Sep 28, 2009 8:32 pm Post subject:

Hi Guest!

Welcome to forums!

Lenders generally want to check out 2 years of employment history before granting a loan. You will have to speak to the lenders of your area and get to know whether or not you qualify for a loan. You may even seek a no obligation free mortgage consultation from the lenders of this community. This will give you an idea whether or not you qualify for a loan.

Feel free to ask if you've further queries.

Sussane

Guest

Also does it matter if I took unemployment benefits for some of the year?

gmakerley · Posted: Tue Sep 29, 2009 9:48 am Post subject:

it absolutely matters that you collected unemployment. your work history is going to work against you. virtually every loan you might seek is going to require a 2-year history of self employment, and that you collected unemployment between your W2 job and your new self employment hurts you.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

For FHA you need to show atleast 2 years of contineous employment history

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

first year self employed eligible for FHA loan?