If you're more than five years self-employed, they will only ask for one year tax return and if you are a corporation, partnership, LLC, they're going to want to see the both. The business tax return and also the personal tax return. So both together.

If you're less than five years self-employment, they're gonna wanna see two years of the last two years of Self-employment and personal tax return. So tax return for your business, and tax return for your personal for the last two years if you've under-ed five years of being self-employed.

Now, if you're a sole proprietor, that means that you don't have a business tax return, you just have one tax return, and all we would need is the last two years or the last one year, depending on how long you've owned your business, of your personal tax return. For all self-employed borrowers, they will want a current profit and loss statement that gets you up to the most.

Now, this profit and loss statement, they're going to look at and make sure the business is continuing to make money and are going to look at the net income, making sure the net income is equal to or more than on track to make as just as much as you made last year or more.

If it's under, then we have to explain why the business has not made is not on track to make just as much as the income from last year. Also, in addition to the P&L, we're gonna ask for the last three months of the business bank statements.

The biggest thing to understand is that the three-month bank statements and the profit and loss will be very important for us to review for your pre-approval, making sure that you guys have a really good experience working and getting your guys' home loan.

If you guys have any questions regarding self-employment or any documentation that I just requested, feel free to give me a call or send me a text. Me or one of my team members will be happy to help you out. I hope you guys are doing great, and we look forward to serving you guys at a very high level. Thank you so much. See you.