If you are self employed and making good money, mortgage lenders used to want two years of income tax returns before they would allow you to get mortgage loans. This is not the case any longer. Mortgage loans are now available for individuals who put down at least 20 percent of the cost of the house without them having to provide any proof of income or past income. If you are self employed, a no-doc mortgage may be right for you.

Mortgage brokers who specialize in fitting customers with the right mortgage loans for them will be able to find you the best mortgage loans to fit your needs. Many people feel that because they are self employed or have bad credit that they cannot afford to purchase a home in this buyer's market. This is not true. There are many mortgage vehicles out there that you can get, even if you have bad credit or a prior bankruptcy.