Hi all, thanks for reading.
2020 taxes we claimed 24k income. 2021 taxes we will be claiming around 150k.
Will our 2020 taxes hinder us from getting a first time buyers FHA loan? Or will our 2021 taxes be enough? I know we need 2 years of income, but do both years have to be high income to get approved?
We are looking to get around a 440k loan next year in Utah. I appreciate your responses ahead of time.
Edit: we have owned the company since Nov 2017