We assist self-employed individuals throughout the state of Florida and other states who need a self-employment verification letter from a CPA to buy a house.

Due to the mortgage crisis that happened several years ago there have been several changes in the lending process with respect to obtaining financing (home mortgage/loans) to buy a primary residence, second home, or investment property for applicants who are self-employed (small business owners, schedule c, sole proprietors, S corporation,partners of  partnerships). One of the biggest changes is that mortgage lenders now require more documentation (Proof/verification of income, self-employment verification/comfort letter, from a certified public accountant) than ever from self-employed (small business owners) individuals to approve a mortgage/ loan to buy a home. The purpose of all this information requested by mortgage lenders is to provide an independent verification of a self-employed person's business which will enable mortgage lenders to determine the amount of mortgage/loan to approve to purchase a primary residence, secondary residence, or investment property. 

The new verification requirements by mortgage lenders can be especially challenging for self-employed (small business owners) individuals who do not have a relationship with a Certified Public Accountant (CPA). Not every self-employed person uses a Certified Public Accountant (CPA) to prepare his or her Individual Federal Income Tax Return and there is no requirement for self-employed individuals to use a CPA for preparing their tax returns. Some self-employed indivduals prepare their own tax return or they may use a tax preparer who is not a CPA.  For mortgage lending purposes anyone who owns more than 20% of a business that is the primary source of his/her income is considered self-employed.

If you are considered self-employed your mortgage lender will ask for your personal tax return and business tax return for the past two years. Lenders will also request a self-employed mortgage applicant to obtain a letter from a CPA stating that the mortgage applicant has been self-employed for at least two years. This letter serves as verification of your self-employment. Verifying a mortgage applicant's employment is standard part of the application process for any mortgage applicant whether self-employed or an employee. Your mortgage lender will inform a loan/mortgage applicant of the type of verbiage that should be included in the self-employment verification letter from a CPA. Once we know the verbiage that your mortgage lender wants in a CPA letter we will request the self-employed mortgage applicant to provide his/her tax returns so that we can issue the self-employment verification mortgage letter requested by your mortgage lender. It is not unusual for the mortgage lender's underwriting department to request revisions to a self-employment verification letter from a CPA after it has been submitted. 

Some mortgage lenders may require self-employed (small business owners) individuals applying for a home loan to provide a year to date income statement prepared by a Certified Public Accountant (CPA) as part of the home loan application process, however, this request is rare. A year to date income statement prepared by a CPA is routine if you already have monthly write-up service for the business being performed by a CPA, however, if  this service is not being performed then your loan application may be in jeopardy until you find A CPA.

If a mortgage applicant intends to withdraw funds from his/her business for a downpayment, the mortgage lender will ask a CPA to include a pargagraph in the self-employment verification mortgage letter stating whether the withdrawl of funds by the self-employed mortgage applicant from his/her business will have a negative impact on the business. The last thing a mortgage lender wants to happen is for a self-employed applicant to default on a mortgage because the self-employed mortgage applicant withdrew too much money from the business and causes it to fail.

If a self-employed mortgage applicant already has a relationship with a CPA then he/she will be able to obtain a self-employment verification CPA letter easily. On the other had if a self employed mortgage applicant does not have a relationship with a CPA then finding a CPA to issue a self-employment verification mortgage letter could be challenging. If you are self-employed and are in the process of applying for a mortgae please contact us if you need a self-employment verification letter from a CPA stating that you are self-employed.

Most frequently asked questions about our self-employed CPA mortgage letter.

1. What is the cost of a self-employed CPA mortgage/home loan/income verification letter?

The cost of issuing a self-employed CPA mortgage/home loan/income verification letter is $375.00.

2. How long does it take to issue a self-employed  CPA mortgage/home loan/income verification letter?

The time it takes to issue a self-employed CPA mortgage/home loan/income verification letter depends on how long it takes to provide the documents we need to review in order to issue a letter. Typically a day or two is the norm.

3. What method of payment do you accept to issue a self-employed CPA mortgage/home loan/income verification letter?

We use paypal to process payment, so you may use a credit card, debit card, checking, savings, account or bitcoin to pay for a self-employed CPA mortgage/home loan/income verification letter.

4. Do I have to reside in Florida in order to use your self-employed CPA mortgage/home loan/income vrification letter service?

No you do not have to live in Florida in order for us to issue a self-employed CPA mortgage/home loan/income verification letter. As long as you live in one of the 50 states or U.S. Territory your lender will accept our self-employed CPA mortgae/home loan/income verification letter.

CPA Self-Employment Verification Mortgage Letter

We assist self-employed individuals throughout the state of Florida and other states who need a self-employment verification letter from a CPA to buy a house.

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Melbourne, FL CPA