Are you a separate builder? If you find yourself, you can purchase a home loan if one makes the proper agreements to do this. Exactly as a lender perform to possess a worker with a beneficial W2, one to claims their annual earnings, they will like to see 2 yrs out of tax statements you to definitely show your earnings. Loan providers consider recorded money of worry about-working, independent contractors just like a borrower exactly who works well with an effective weekly income.

To buy a house is the most significant economic exchange adopted of the anyone. You can find dangers on it to you personally as well as the financial when signing to possess a fifteen otherwise 29-seasons home loan. The fresh new financial laws made to shop for a house a less dangerous deal into borrower together with lender. It offers occurred given that monetary laws and regulations made disclosures, off both parties, much more transparent. Loan providers is actually demanding highest loans scores and a 20 percent down payment, unless you qualify for a keen FHA or HUD financing, due to your earnings. Leer Más →