Self-employed mortgages in Arizona

• Usual starting point: two years of self-employment history, shown on your tax returns
• Shorter history: Fannie Mae can consider one year when your most recent returns show a full 12 months from the current business and you earned similar income in the same field before
• Bank statement loans: use your deposits, commonly over 12 or 24 months, instead of tax-return income. They usually cost more than a standard loan.
• Paperwork: returns, a year-to-date profit and loss statement, business documents, and bank statements that match
• Rental property? A DSCR loan uses the rent, not your income

How lenders look at self-employed income

When you're a W-2 employee, you hand over paystubs and the lender has a clear picture. When you're self-employed, your tax returns tell the story. Lenders usually want two years. One year can work in some cases. A brand-new business is harder.

1099 income is real income. But lenders count what's left after business expenses on your Schedule C (the business page of your tax return), which may be much lower than the deposits you remember. If you think in gross income and the lender counts net, we'll see a gap. Bring your returns and I'll read them the way an underwriter will. Some expenses, like depreciation, can be added back when the program allows it.

K-1 income (your share of a partnership's or S-corp's profit) brings questions about how much the business has paid out to you. If your K-1 shows income you never took out of the company, some programs won't count it. If you own more than one business, show me how they fit together early. Running a crew through one company and rentals through another is normal. Surprises in week three aren't.

Bank statement loans, explained

A bank statement loan uses your deposits, commonly over 12 or 24 months, instead of your tax-return income. These loans exist because tax returns can legally show a small profit while the business still supports your household.

They aren't "no paperwork" loans. Lenders still want to see business deposits that make sense, and an explanation for large transfers.

• Keep business and personal money separate. If you run the business out of the same account you use for groceries, tell me. It may take a few months of cleanup before a bank statement loan works.
• Expect a higher cost. Bank statement loans usually cost more than a standard loan. That trade can still make sense if tax-return income can't support the home your cash flow can afford.

If you have steady W-2 income that already works, we won't use a bank statement loan just because you also own a business. A standard loan is simpler when it fits. loan types

Why the document list is longer

I'll ask for your tax returns, tax transcripts, a year-to-date profit and loss statement, K-1s, business formation papers, sometimes a letter from your CPA, and bank statements that match. Underwriters need paper to tell a strong business from a confusing application.

• Slow CPA? We'll build in extra time.
• Filed an extension or on an IRS payment plan? Tell me up front. Tax issues don't get easier in underwriting.
• Credit and savings still matter. A strong business doesn't replace credit history, and lenders often want more savings in reserve when income varies.

You'll get a document list built for your situation, not a 40-item generic PDF.

Your home, a rental, and the property itself

Tell me where you'll live first. If you'll live in the home, we document your income for a primary home loan. If it's a rental, we may look at a conventional investment loan, a bank statement investment loan, or a DSCR loan based on the rent. DSCR loans

The property still matters. Condos, manufactured homes, and unusual lots have their own rules, no matter how strong your business is. Send me the address.

Spouse with a W-2 job? That income can make the loan simpler. Bring both sides of the household picture.

How we'll work together

• We talk about your business, your returns, and the home. No paperwork to start.
• I tell you which path fits: full tax returns, returns plus a profit and loss statement, or bank statements.
• You get a specific document list, and when your documents are in, your secure application. apply

Wherever you are in Arizona, you'll work with me directly through every condition.

Call or text (602) 448-4470.