Self employed home loan

A self employed home loan can be a tricky thing to acquire if the borrower has not been self employed for less than 2 years. Most banks and credit unions want to see two income tax returns for applicants who work for themselves as proof of income before granting a contract. Even then, many banks are unwilling to offer a deal because of the greater risk associated with self employed persons whose job security is less and whose incomes can vary widely from month to month. Qualifying for a contract to buy a house is difficult for many buyers, but these problems are exacerbated for self-employed buyers. But those who are self employed and want to buy a house can find several options to investigate.