Video Transcript:
The standard two-year self-employment rule is widely misunderstood, blocking entrepreneurs from home ownership unnecessarily. It's a guideline, not a barrier, especially in competitive markets. I, David Ghazaryan, engineer loan structures that bypass this rigid guideline. Underwriters I work with prioritize continuity of expertise and verifiable income, not arbitrary timelines. With only one year of returns, lenders project forward by annualizing your year-to-date profit. If trending higher, they average both figures, creating a stronger qualifying income. Your prior W-2 history in the same field is the critical risk reducer. It proves your expertise is established, transforming your business income from a projection into predictability. While conventional loans leverage this history, bank statement loans provide an alternative. They use gross deposits, not net income, but this flexibility carries predictably higher rates. My analysis provides the framework. For a detailed breakdown of documentation and strategies, you should review my article. Find it, and my socials, linked below.
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