Getting conventional/fha loan as self employed

[Lukas S.]

Hello,

I'm looking to purchase a property to live in and want some advice on if getting a conventional loan is possible. I have 2 years of tax returns increasing from 60k to 160k from 2020 to 2021. This year it will be around 300k and I have around 300k in cash saved up. However, these have been made from various activities such as sports cards and nfts that are a bit more volatile which is where I am worried on how this process would work. I'm ideally looking to buy something around 200-300k range. If anyone has some advice that would be greatly appreciated.

[Erik Estrada]

Quote from @Lukas S.:

Hello,

I'm looking to purchase a property to live in and want some advice on if getting a conventional loan is possible. I have 2 years of tax returns increasing from 60k to 160k from 2020 to 2021. This year it will be around 300k and I have around 300k in cash saved up. However, these have been made from various activities such as sports cards and nfts that are a bit more volatile which is where I am worried on how this process would work. I'm ideally looking to buy something around 200-300k range. If anyone has some advice that would be greatly appreciated.

 Wouldn't recommend going to an online lender like Rocket Mortgage... Likely you won't receive the best experience and you will get bombarded with calls and anxious salespeople. 

I would recommend working with a Mortgage Broker that is familiar with self-employed borrowers.