There's no question that it could be more difficult for you to get a mortgage loan if you are a free lance viola player than if you are a government accountant. Traditionally, lenders have been more cautious when evaluating loan applications of buyers who are self-employed than people who work for a regular salary.

However, if you are self-employed, there is no reason for you to shy away from applying for a home mortgage loan, especially if your earnings have been in the same field for at least two years. It is a good idea to meet with one or more loan officers before you begin your search. They will probably want to analyze your tax returns for the past 2 or 3 years, keeping in mind that many self employed people can look impoverished on paper, since you can write off some expenses that salaried individuals can not. Try to get pre-approval from the lender, and ask for a letter stating that you have pre-qualified for a loan which your real estate agent can attach to any offer you submit on a home. This will make you more attractive to the sellers.

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Lena Lansdale's Team
Keller Williams Realty-Georgetown
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Lena Lansdale has been a resident of Georgetown, Texas for 35 years and knows the Georgetown, Round Rock, and Austin, Texas Real Estate Market. Lena's Team was the Award winner of the 2009 Top Team Producer at Keller Williams Realty-Georgetown office. Lena has also been a Top Producer for 12 consecutive years and is truly a NUMBER1EXPERT. Lena's success in real estate is because she loves people and is enthusiastic and full of energy. Lena has put the fun back into buying and selling real estate. People enjoy being around Lena and she makes everyone feel comfortable and a part of the community. Lena and her husband, Larry Black have put together a winning and proven professional real estate team, providing exceptional service

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