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Lender Alerts

Lender Alerts

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Reminder on Recent Self-Employed Income Calculation Guidelines

Dear Valued Partner,

Sun West would like to express its appreciation to the outstanding work done by its broker/correspondent partners. The following guideline updates for Self-Employment Income Qualifying are effective for submissions as of 01/27/2012.

Income Qualification Guidelines for Self-Employed Borrowers

Requirement (s)
Income Decrease of 10%-20%
Income Decrease beyond 20%
Qualifying Income
Receipt of a minimum two- year self-employed income with business tax returns.
Use most recent business tax year
Not acceptable
  • If self-employment income is a secondary source of income, it cannot be used as qualifying income if there is a decline greater than 10% from the previous year.
  • CPA audited profit and loss statement for 2011 is an acceptable source of income verification.

If you have any questions, please feel free to call on your Account Executive at (800) 453-7884.


Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA 90703
Phone : (800) 453-7884

Equal Housing OpportunityThis information is provided to licensed wholesale brokers only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.

Sun West Mortgage Company, Inc. (NMLS ID 3277) is licensed by the Department of Corporations as a California Finance Lender (License #603 0119) and is licensed by the Department of Real Estate (License #00793885). Refer to to see where SWMC is a licensed lender. In all states, the principal licensed office of Sun West Mortgage Company, Inc. is 18303, Gridley Road in Cerritos, CA 90703; Phone: (800) 453-7884