What Are We Looking For?

You can expect Fidelity Home Group to request proof of the following things before considering you for a mortgage:

• Income stability
• The location and nature of your self-employment
• The financial strength of your business
• The ability of your business to generate sufficient income in the future

What Documents Do You Need To Provide?

To start, you’ll need a history of uninterrupted self-employment income, usually for at least two years. Here’s some examples of documents we might ask for:

Employment Verification

Self-Employment verification is proof that you’re self-employed. It could include emails or letters from the following:

• A licensed certified personal accountant (CPA)
• A professional organization that can attest to your membership
• Any state or business license that you hold
• Registered Business with Secretary of State
• A Doing Business As (DBA)

Income Documentation

Have proof of steady, reliable income and you’re one step closer to getting approved for a mortgage. Note that even if you make consistent money now, your past income will also influence your ability to get a loan.

We may ask for the following:

• Profit and loss forms, which could include a Schedule C, Form 1120S or K-1, depending on your business structure

What happens if you’ve been self-employed for less than two years?

Great question. Ultimately, your business must be active for a minimum of 24 consecutive months and your most recent two years of employment (including non-self employment) must be verified. In this situation, we will likely do an in-depth look at your training and education to determine whether your business can continue a track record of stability.