How will you verify my income if I’m self-employed?

We will verify your self-employment income by obtaining copies of your federal tax returns for the most recent 2-year period. However, we may not need full copies of your tax returns based on your financial situation.

To determine the income that can be used to qualify for a mortgage loan, we will calculate the average of the net income reported on your tax returns. Income that hasn’t been reported on your tax returns won’t be able to be used for qualification. We may need a minimum of one or two years of history of self-employment as a way to verify that your self-employment income is indeed stable.

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