I recently started a construction business with the unintended consequence of losing my ability to qualify for an FHA. I have about 9 months of documented S-E income (large increase from previous W2 job), but I'm told that I need 2 years S-E income to qualify. Am I SOL for another year, or is there any way around this?
Applying for loans while self-employed?
byu/alexjnorwood inrealestateinvesting
Posted by alexjnorwood
1 Comment
You might be able to get a non-QM loan based on bank statements after 12 months of receipt as SE.