Using Your VA Loan – Self Employed

A VA mortgage is what’s known as a full document loan – meaning that you must show proof of income.

If you’re self-employed – you need to incorporate your business – open a business checking account – then put yourself on the company payroll at an income range that will allow you to afford a mortgage. After that you need to file both a corporate & personal tax return & make sure everything you do is above board – on the books & done the right way.

After that, as long as you have 2 years of a track record with your business you will then be a prime candidate for a VA Home Loan.

 

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