The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

The complete guide to getting a mortgage when your self-employed

The complete guide to getting a mortgage when your self-employed

By Scott Sheldon / January 9, 2022

It’s no surprise if you’re self-employed and you’re trying to secure mortgage financing you potentially have a difficult time getting your loan approved. Let alone getting your loan to close at all. If you’re self-employed, here are several lending factors you need to be aware of as a pertains to being self-employed and showing income…

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mortgage self employed bad income tax year 2020 covid 19

How to get a mortgage if your 2020 tax return was low due to covid_19

By Scott Sheldon / September 19, 2021

As we are entering into pandemic manageability, one of the things lenders are still looking for as it pertains to self-employment borrowers is positive income from your tax return… Both Fannie Mae and Freddie Mac and the FHA and the VA all want two years of tax returns. Lenders also these days request a year-to-date…

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