I’m self-employed. How do you determine the income that can be used for my loan qualification?

If you are self-employed, we will verify your income by requesting copies of your federal tax returns from the past two years. Your net income as reported is used to determine qualification for the loan. Any income that has not been reported on your tax returns will not be considered. But, by getting two years of returns we can establish that you have a steady income and what is reasonable to expect in future years.