Post-fire mortgage

[Hike]

Does anyone have good recommendations for getting a mortgage in Oregon post-fire? We’ll only have a small amount of business income ($20k), but have enough savings to sustain all our spending. We just want to take out a small $100k mortgage with rates being low still.

[CanuckExpat]

There's currently a thread going on here about this too: https://forum.mrmoneymustache.com/welcome-to-the-forum/getting-a-mortgage-after-retired/

Have you had your 20k business income for at least two years and is it reported on either 1099 or a schedule C? Is that 20k profit, or do you have business expenses that cut that lower? You can use it to qualify a bit.

Another good bet is asset depletion loans

[Hike]

Thanks, forum search wasn’t working when I posted. I’ll check out that thread.

The 20k is on schedule C for 2018, but not before that. That includes expenses.