Do I still need tax returns?

Name: Francisco Williams — Mortgage Broker
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (213) 880-8107
Price range: $$

On some Non-QM files, deposits lead. On others, the return still comes in. I will say which stack before you scan three years of 1040s.

Scenarios

Self-employed in California. The return is not the whole story.

If the Schedule C is written down on purpose, a W-2 lender will underwrite the write-down. Bank-statement and P&L programs read deposits. I sort which overlay before you assemble a box.

Let's sort this Typical documents (213) 880-8107

12- and 24-month bank statement, 1099, P&L, asset depletion.
Owner-occupied vs investment is a different product.
Full guide: /guides/self-employed-mortgage-california.

Non-QM hub Self-employed guide

Do I still need tax returns?: On some Non-QM files, deposits lead. On others, the return still comes in. I will say which stack before you scan three years of 1040s.

Not an approval. Not a rate. Overlay at lock. NMLS #1858674.