Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
Understand the Core Problem: As an S-Corporation owner, your tax strategy of taking a low W-2 salary can be a major hurdle for mortgage approval. Lenders often base their initial assessment solely on this figure, potentially overlooking the much larger profits your business generates through distributions.
Leverage Your True Income: This guide explains how to properly document your business’s complete financial picture. Key strategies include using income add-backs like depreciation to increase your qualifying income and understanding how lenders analyze your Schedule K-1 distributions for stability over a two-year period.
Provide Comprehensive Documentation: To move beyond your W-2, you must provide specific documents, including two years of personal and business tax returns, a year-to-date Profit & Loss statement, and business bank statements to prove your company's actual profitability and cash flow.
Explore Alternative Solutions: For business owners whose tax returns show significant write-offs, a bank statement loan can be a powerful alternative. This type of loan calculates your qualifying income based on your business's cash deposits rather than its taxable net profit, offering a more realistic path to approval.
Read the full blog article here: https://www.iqratemortgages.com/blog/s-corp-owners-guide-to-a-california-mortgage-loan
Lenders see your low salary, not your company's real profit. My name is David Ghazaryan. I fix this specific problem. We add back business costs that don't use real cash. This simple step shows lenders the money you actually make. Now your true income qualifies you for the right home. The full article and my social platforms are linked below.
Read Blog Here: https://www.iqratemortgages.com/blog/s-corp-owners-guide-to-a-california-mortgage-loan
