Recently Self-Employed Buyer Approved and Closed in 20 Days

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CLIENT: John, a 38-year-old self-employed accountant

LOCATION: Sudbury, MA

CHALLENGE: Securing a mortgage with less than two years of self-employment income and a tight 20-day closing deadline

Recently Self-Employed Buyer Approved and Closed in 20 Days

John, a self-employed accountant, had his sights set on a charming home in Sudbury, MA. Despite his robust earnings, he faced a significant hurdle: he had been self-employed for less than two years, which made finding a mortgage program willing to accept his limited tax return history a daunting task. To complicate matters further, the sellers of the home were keen on closing the deal within 20 days.

Traditional lenders turned John away, citing the standard requirement of at least two years of self-employment income documentation. With the clock ticking, John sought the expertise of Kate Garabedian of Keys with KG, a mortgage lender specializing in hard-to-approve lending situations. He needed someone who could navigate his unique financial situation and expedite the process to meet the sellers' deadline.

Through careful evaluation of John’s complete financial profile, including his business's consistent performance and future income potential, Kate was able to secure a customized loan program. She worked tirelessly to streamline the application and approval process, ensuring all necessary documentation was gathered and verified promptly.

In just under 20 days, John’s mortgage was approved, and he successfully closed on his new home. Kate’s expertise and commitment not only helped John overcome the challenges posed by his self-employment status but also met the tight closing schedule, turning his homeownership dream into reality.

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