Seriously though, good luck proving your source of income, banks are scared to loan shit right now, with the economy being so fuk'ed up, so unless you've got 100% equity in something, a huge down payment, and a boat load of cash, expect to get laughed out of the loan office.
it is a shame because many small business owners for tax purposes reinvest all of their profits back into the business and than pay themselves a small enough wage to live off of which makes it hard to get a loan because their income may only appear to be $30,000 a year. No-Doc loans along with adjustable rate mortgages were abused heavily up until 2007 which is what lead to the recession we are in right now, too many people lied about their income and were giving loans for homes they could not afford and once their mortgage rates reset they could no longer afford their homes.
