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How do I find the best mortgage lenders for self-employed people?

When searching for the best mortgage lenders for self-employed people, you may want to seek a loan officer who has experience underwriting a self-employment mortgage. These officers may fight harder for your approval and be able to explain your qualifications to the underwriting department.

Can self-employed borrowers get a mortgage?

Getting a mortgage if you’re self-employed will require additional documentation to verify income. Lenders with experience working with self-employed borrowers can help the process go more smoothly. Strengthening your credit, debt-to-income ratio, and down payment can help you get the best mortgage terms.

What do Mortgage Lenders look for in a self-employed person?

Mortgage lenders look at self-employed individuals’ net income to determine whether they have enough to cover their mortgage. They examine year-to-year trends for the business's gross income, expenses, and taxable income. Mortgage companies also look for indications that income is steady or increasing over time.

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