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Updated over 7 years ago on . Most recent reply

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Roxanne Lembke
  • Real Estate Agent
  • Carmichael, CA
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Realtor, do I need 2 years of tax returns to qualify?

Roxanne Lembke
  • Real Estate Agent
  • Carmichael, CA
Posted

Hi everyone, 

I am an agent and would like to buy my first home, (the irony, I know) I've done quite well my first year in the business, however I want to know if it is possible to qualify after only 1 year of tax returns? Again I'm commission only, but I recently heard that FreddieMac/AnnieMac changed their lending guidelines for self-employed and that 1 year could also be sufficient. 

If this is true, any reccomendations lenders? 

Please advise!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

question is for mortgage lender... but there are loans for one year tax returns great credit and some cash in bank

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JLH Capital Partners

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