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Can I count self employed income towards mortgage loan if business structure changed?

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Mariah Ecker

Hello,

I have searched far and wide on the internet and can't seem to find an answer to my question. I would like to buy a home in 2023 and am self employed. Currently I own a healthcare private practice that I have been operating as a Sole Proprietorship. I would like to change my business structure to LLC for the obvious reason of more liability protection. With the change to LLC I would also like to change my business name, but other than the name/structure change the business is still essentially the same. It will still be my healthcare private practice with my existing patients and same referral streams for new patients. I have two years of solid income to show for my business. Is changing to an LLC and changing the name of my business going to cause any hiccups or red flags to a mortgage loan lender? Should the change be made after I buy my house?

Any insight is appreciated!

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