SELF-EMPLOYED · BUYING A HOME
Tax returns don’t show enough income to buy a home?
Let’s take a closer look at your business income.
If another lender couldn’t qualify you using your tax returns, Juli can review whether a different way of documenting your income fits your situation.
A purchase option without tax returns
For this lender’s self-employed FHA program, federal tax returns are not required. Income is reviewed using profit and loss statements and a balance sheet.
You still need to document enough income to qualify. Business expenses count, and all other program requirements still apply.
Start with a call. You don’t need to upload financial documents here.
LET’S START WITH YOUR BUSINESS
A few questions before your call
These answers help Juli prepare. This is not a loan application or an approval decision.
Question 1 of 7
Your request has been received
Your answers were saved for the Village Mortgage team. Juli can review them with you and explain which business and credit records to look at next. These answers alone do not establish whether you qualify.
Your answers
Need to correct something? Call Juli at 801-761-4002.
WHAT HAPPENS NEXT
A conversation before the paperwork
Talk about your business
What you do, how long you’ve done it, and about how much is left each month after business expenses.
Decide what to review first
Juli may ask to review recent business bank activity to clarify your income. Deposits alone don’t establish qualifying income. She’ll explain any proposed credit check and its cost before you decide to proceed.
Gather the required records
If you move forward, the current guidelines call for two years of profit and loss statements, a year-to-date profit and loss statement, and a year-to-date balance sheet. Additional documentation may be needed.
A PERSON TO WORK THROUGH IT WITH
Meet Juli Gleed
Broker & owner since 1998 · NMLS #306540
Tell Juli what another lender told you and what you’d like to buy. She can help you understand which business records need a closer look before you decide whether to apply.
Talk with Juli: 801-761-4002
Historical snapshot, not a live review count.