Analyzing Income for Self-Employed Borrowers

NOTICE TO ALL CUSTOMERS

Analyzing Income for Self-Employed Borrowers

Did you know?
To promote responsible lending while supporting homeownership needs for borrowers with business, the agencies implemented additional documentation requirements so that further analysis can be conducted by lenders when assessing the Borrower’s income derived from Self-Employment in order to determine if such income is stable and likely to continue.
Please keep in mind that these additional l temporary requirements are not supported by the AUS findings yet.