Down Payment Requirements for Self-Employed Home Loans The down payment requirements for self-employed home loans are similar to those for regular home loans. The amount of the down payment required

What is a Self-Employed Home Loan? A self-employed home loan is a mortgage product designed specifically for individuals who are self-employed or have an irregular income. This type of loan

Step 1: Pre-approval (1-3 days) The first step in the process of getting a self-employed home loan is to get pre-approved by a lender. This involves submitting an application and

Documentation of Home Office Expenses If you work from home, you may be able to deduct certain home office expenses on your tax return. However, when it comes to applying

Why do lenders require two years of tax returns? Lenders require two years of tax returns to verify a borrower’s income and assess their ability to repay the mortgage. This

What is a pre-approval for a home loan? A pre-approval is a preliminary assessment by a lender of your ability to qualify for a home loan. It typically involves a

What is the loan-to-value (LTV) ratio? The loan-to-value (LTV) ratio is the amount of the loan compared to the value of the property. For example, if you’re purchasing a home