Contracts?

If he has filed taxes for the past 9 years then it shouldn't matter. He has proof of income and being under contract has no thing to do with it. Look for a different bank to finance your home in Texas.

 

there are tons of self employed in america. banks are supposed to go off yearly tax statements.

i've never heard of anyone being asked to have contracts of who they do work for. most self employed don't do long term work for any one person or company anyways.

 

If you are planing to move to TX and haven't found a job in Tx then you would have to lease your equipment to a company that is based out of Tx and i don't know if that is going to help much because the next problem you might have the length if time at the new job.
You may want to consider quicken loans they can come up with something new
www.[B]quickenloans[/B].com
Good Luck

 

Coming from finance I can tell you that they just need taxes for at least the last two years but to be safe bring them COPIES of all that you can get your hands on. You should not have to show a contract. Is he a veteran? If so contact the VA and try the USAA bank/insurance company. They might help.

Any "BIG" Bank should know better however a credit union can make up rules so just be aware the restrictions may be different. Hope that helps.

 

Hello,was just wondering ..if your husband is local there in Cali does he operate under his own authority? If so does he have customers lined up here in Texas for local work here? Because I can see where a bank would want to see the line up. If he intends to do regional or OTR that would be different from what he's doing now,so they just want to establish " new income" in Texas as well as past tax years for credit worthiness.

 

Do not use quicken loans for any reason.

 

Then it sounds to me your finance co of choice doesn't understand your business.Unless they realize that you work totally locally. Which I've never had a bank ask anything about that,and I've lived all over U.S.bc I get bored easily.May I ask what part of Tx are you coming too?