There is a lot of misinformation about how to calculate self-employment income for a mortgage, so I wanted to go over the method used by underwriters and lenders across the U.S. This post will cover calculating income for Sole Proprietorship’s which are reported on Schedule C of your federal tax return. In follow up posts […]
Continue Reading2018 FHA mortgage limits announced, nearly all counties increasing
On December 7, 2017 Federal Housing Administration announced new 2018 FHA mortgage limits, effective for FHA case #’s pulled on or after 1/1/18. The official website to look up 2018 FHA mortgage limits by county can be found at FHA Mortgage Limits Search. The “floor” mortgage limit, which is the FHA national low-cost area mortgage limit, […]
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