Yes this is partially true. Most lenders will not consider you if you haven't been in business for two years (really three depending on when you start your bus

Yes this is partially true. Most lenders will not consider you if you haven't been in business for two years (really three depending on when you start your business). The only exception that I heard from the broker that I'm working with is if you were previously employed and then started your own business doing the same work without any disruption. Also, mortgages are broken up into two buckets, QM-Qualifying mortgage and NON-QM -Non-Qualifying Mortgage. Most self employed folks are going to run into issues applying for a QM because they write off so much their net income is too low for the property they want to purchase. However, This Non-QM space is great because they have mortgage products that are made for self employed people and investors. Bank Statement Loans, so with these the lender is looking at your bank statements (business) to understand if you would be able to service the mortgage. The downside of Non-QM is that rates can be higher than your QM products, however after a few months/payments you can refinance out of a Non-QM product into a QM product. Keep in mind as a business owner you're already taking advantage of the US tax code. Also, interest is tax deductible. Let me know if that was helpful!