I am self employed. I need to buy a home with land for my business averaging about 300k. I have 2 years incomes of $40k in 2013 & $80k in 2014. These are profits after expenses. I have absolutely no debt. No auto loans school debt or any personal loans. But I own a home and pay $1100/ FHA monthly payments. How would I go about getting a loan in that amount while having the mortgage I hAve now. I need this new home to be able to expand my business. Need the land. Please help. Is this even possible?
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