1. 2 years taxes [ amount on scedule C will be the amount you make devided by 12] If income is to low then 12 to 24 months bank statements depending on the lender. [ add all deposits and devide by 12 or 24 and that is your income ]. They may take off 50% or 25% off of this if you use business statements instead of personal.
2. Proof of business for two years.
W2.
1. 2 years W2s.
2. Last two paystubs.
_______________________________________
Other items needed for both.
Apparisal ordered by a Lender.
Mortgage credit report 3 bur.,
And of course all the forms you have to fill out.
_____________________
If you need to go Stated Income or Stated Income Stated Assets etc. Then you will not need proofe of income but will need very good credit scores [ middle ]
or your rates will be bad.
Answer
Self employeed.
1. 2 years taxes [ amount on scedule C will be the amount you make devided by 12] If income is to low then 12 to 24 months bank statements depending on the lender. [ add all deposits and devide by 12 or 24 and that is your income ]. They may take off 50% or 25% off of this if you use business statements instead of personal.
2. Proof of business for two years.
W2.
1. 2 years W2s.
2. Last two paystubs.
_______________________________________
Other items needed for both.
Apparisal ordered by a Lender.
Mortgage credit report 3 bur.,
And of course all the forms you have to fill out.
_____________________
If you need to go Stated Income or Stated Income Stated Assets etc. Then you will not need proofe of income but will need very good credit scores [ middle ]
or your rates will be bad.