Ask a Jumbo Genius – Self-Employed

I’m self-employed and my business just started making money. Can I get approved for a Jumbo Loan?

Probably not, unless you have substantial assets. In that case, we can do an asset depletion income calculation. Asset depletion considers all assets and calculates a monthly income based on depleting those assets. If an asset depletion calculation does not work for you, Jumbo Loan approval requires at least two years of stable self-employment income. For information custom to your self-employment situation, contact a Jumbo Genius below or call 708-531-8388.