Self Employed FHA Qualifications Starting Out FHA Tips

[Jorge Mendoza]

Hello Everyone! 

I am looking for any advice that can help me qualify for an FHA self employed loan as I have read it is more difficult to be approved for an FHA loan when you are self employed

I am excited to start investing in real estate and have been researching the best way to start. I am 20 years old currently live in South Texas and Self-Employed. My credit score is around 670 and have run my own business for 2 1/2 years. My first Months I made only a few thousands dollars. Last year I increased that to $28,000 post tax income and estimate around $35,000 for this year. My goal is to invest in a multifamily property priced around $180,000. I am looking for any advice from people that have gone through the FHA self employed application process!

Any and all help is appreciated!