Self-Employed
Can I get a mortgage with write-offs on my taxes?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes, but heavy write-offs lower the net income lenders see on your returns, which can shrink your approval. The fix is an alternative-documentation loan that ignores returns.
Bank statement, 1099, and P&L programs qualify you on gross deposits or receipts instead of taxable net. We'll choose the method that reflects your real earning power despite the write-offs.
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