Mortgage Gurus

Did you know that the minimum down payment on a primary home (you will be living in it) is 3%? Whether or not you’re a first-time buyer, you only have to put 3% down.
$200,000 X .03 = $6,000
Closing costs = $5000
Total needed: $11,000 estimate

That’s $460 a month for 24 months. Instead of buying a car, save to buy a home!

Typically a self-employed buyer needs to show 2 years tax returns to get a home loan. The problem sometimes is that the previous year is really low and the average is not good.
Here’s an Option: If you’ve been self-employed for 5 years and your credit qualifies, we only require 1 year of tax returns.