Getting A Home Loan For Truck Drivers

Dated: 03/02/2017

Views: 30

Over The Road Truck Drivers


Image title

Trucker drivers  can face a unique problem when trying to get qualified for the purchase of a new home.   This has to do with the way they are allowed to deduct their "Meals and Entertainment" expenses on Schedule C of their tax return. 

Most professionals are only allowed to deduct half of their meals and entertainment expense.  As only half of the actual expense appears on the tax return, the other half must be subtracted from the bottom line by the loan underwriter to obtain an accurate number for the business.  

However this is not true for truck drivers are travelling away from home while making their living.   We have found an exception that allows us to not have to reduce the drivers profit by the " other half" of the meals and entertainment deduction.   

Call us at   (678) 335 4848   and let us help you get qualified for the purchase of your new home.



Image title




Blog author image

Bonnie Lelak

Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program homes, investors who flip homes or buy rentals, commercial properties, land sales, lake front properti....

Want to Advertise on this Site?

Latest Blog Posts

How Rising Prices Will Help You Build Family Wealth In 2018

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home

Read More

The Benefits Of Homeownership Go Beyond The Financial

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving

Read More

4 Reasons To Sell This Winter

Some Highlights:Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!Housing inventory

Read More

712000 Homes In The US Regained Equity In The Past 12 Months

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of

Read More