It’s always been a little tougher for self-employed borrowers to obtain a home loan then it is for regular W-2 employees. And, since the COVID-19 pandemic, self-employed borrowers are now required to provide even more information to prove their income to the lender. For instance, a self-employed borrower will now need to provide a profit-and-loss statement as well as their 2 most recent months’ worth of business deposit account statements at the time of application.

Many lenders are implementing temporary eligibility requirements for self-employed borrowers based on announcements made by Fannie Mae and Freddie Mac which will remain in effect until further notice. Fannie Mae issued a lender letter in March 2020 that has since been updated several times describing new documentation requirements for self-employed loan applicants. Greenway Mortgage continues to monitor the situation to keep everyone informed and updated.

If you are self-employed and are currently looking for a mortgage, here is a checklist that you should refer to, to ensure you’ve got everything in order for a smooth mortgage process. In addition to the standard tax return requirements, the following documents must be provided:


Is it worth getting a mortgage if you’re self-employed during COVID-19?

With interest rates still all all-time lows, this is a very good time to speak with a Loan Officer at Greenway Mortgage. If you’re serious about buying a home (or refinancing), make sure you get pre-approved FIRST, especially BEFORE your home search.

Getting pre-approved for a home loan is more important than ever due to COVID-19. With homes still occupied by the sellers, they will sometimes only allow showings from pre-approved buyers to minimize traffic. Most importantly, it shows the seller that you’re serious, making you that much closer to obtaining your dream home.

You will find that some things have changed, largely as a result of the need for social distancing. For instance:

  • Online Mortgage Applications

  • Virtual open houses are sometimes available

  • Remote appraisals

  • Unaccompanied home inspections

  • Physical closings have become rare if not impossible in some areas. Fear not, Greenway Mortgage has the ability to perform e-closings!

Bottom Line:

The best advice that we can give to any self-employed borrower during the pandemic is to look over the new document requirements and discuss them with their loan officer at Greenway Mortgage. Prepare the necessary financial statements and gather bank statements, receipts, contracts and other documentation likely needed. Time the loan application so that all this is recent enough that it will clear the new, higher benchmarks. Most of all, if you have any questions don’t hesitate to reach out to us!


Greenway Mortgage Funding Corp. breaks 2020 and ends the year on a high note by reaching a new benchmark with our charitable giving programs with the help of help of our followers, team members, and local community.

Greenway has raised a total of $7,260.00 which includes MANY generous donations that were made directly to Halfway Home Animal Rescue Team in addition to our Facebook Fundraiser.

Greenway Mortgage has 𝐓𝐑𝐈𝐏𝐋𝐄 𝐌𝐀𝐓𝐂𝐇𝐄𝐃 these donations ($21,780.00), making that a grand total of $29,040.00 donated to the Halfway Home Animal Rescue Team! 

Thank you EVERYONE for your invaluable support in helping raise money for this wonderful organization. We truly couldn't have done this without you!

Happy New Year!


About Halfway Home Animal Resuce Team (HHART): 

"Halfway Home Animal Rescue Team (HHART) is a group of passionate animal advocates with many years of experience in rescue, animal care and welfare. Our years of working with shelter animals, and the challenges that they face daily, have inspired us to explore ways to do more for the individual and best interests of those animals most in need.

As we begin our journey, we will place our rescued dogs and cats into loving foster homes. We will focus on helping responsible families keep their pets, preventing animal hunger and suffering, and providing support wherever possible.

We are here to help. We look forward to assisting with any animal rescue, and to collaborating with other like-minded organizations to save as many animal friends as we can. Rescue is not a business...animals are individuals...not numbers. They are all special in their own way, and each deserves the chance to show us who they truly are. It is up to us to provide them with that chance."

GIVING BACK – how you can help, too!

Giving back is very near and dear to our hearts here at Greenway Mortgage. If you would like to give back, consider making a donation to help out all the animals in need. Your gift helps them provide life-saving and life-changing medical care, then rehabilitate, and find the forever home these animals deserve. Please give what you can. No gift is too small!


  • You can learn more about Halfway Home Animal Rescue Team here.
  • Make a Direct Donation today by clicking here
  • Follow them on Facebook and Instagram.


Winter Home Maintenance Checklist

Dec 22
Category | General


Have you prepped your home for winter yet? For all homeowners, prepping your home for the winter is just one of those things you can’t skip out on. We wish we meant hanging holiday lights everywhere, decorating your mantel and watching holiday movies on repeat, but there’s much more to it.

Let’s face it, winter weather can be harsh on your home. The below-freezing temperatures can cause a number of problems, including frozen pipes and roof damage. So, as the colder weather approaches, it’s important to take a few preventative measures to protect your home.

Winterizing is a task that can be done relatively inexpensively. It will also make a big difference in how comfortable your home is. In the long run, it could save you money on energy bills.  In fact, many very effective home weatherproofing jobs are something that homeowners can complete without professional help.

To prevent winter harm and avoid calling a professional in the middle of a blizzard, be sure to check these winter items off your home maintenance checklist. 


Be sure to tick these items off your list this season, and you can rest easy knowing that your home will be ready for the winter months that lay ahead!


With so many houses available today, competition is heating up among homebuyers. In fact, 55% of August 2020 home sales resulted in a bidding war AND 69% of homes sold were on the market for less than one month! 

With that said, it's important to be prepared for a bidding war, especially if you've found your dream home. Being prepared means you'll be able to move quickly and confidently in today's competitive market.

Below you'll find three important tips to help you prepare for a bidding war.

Don't forget to check out our recent blog on how to write an award-winning Real Estate Offer Letter. 


Some Highlights

  • With so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers.
  • From pre-approval to making your best offer, here are three tips to make sure you can act quickly and confidently when you find the perfect home.
  • Reach out to a trusted real estate professional today to be sure you have the guidance you need as the competition for homes heats up this season.
  • Reach out to Greenway Mortgage for your FREE pre-approval and for any questions you may have about the mortgage process. 

I think we can all agree that 2020 has been anything but a normal year. However, one interesting bright spot is in the realm of the housing market. Mortgage rates are at all-time lows and homebuyers are taking advantage of it, creating a very competitive real estate market. If you’ve been house hunting you know what we’re talking about.
With so few houses available today, competition is heating up among home buyers. It’s important to be ready for a bidding war, especially if you’ve found your dream home. How can you make yourself stand out? A real estate offer letter.
Data from Redfin found that in a bidding war, a personal cover letter can improve an offer’s likelihood of success by 52% - Wow! We’re here to share a few tips and help you write an award-winning letter so your dream home doesn’t slip away.
Before you start, gather the few essential elements for the letter such as the property’s address and the buyer and seller’s names. Here are a few more tips on what else to include when writing that convincing offer letter.
#1 Sincere Flattery Goes a Long Way – make an emotional appeal!
  • Explain why you want the property.
  • Tell the seller why you love their home and why it’s an excellent fit for your family. For instance, if the seller has lived in their home for 20+ years and raised a family of their own there, they may be focused on selling their home to someone who will take good care of it.
#2 Make a Personal Connection
  • During your walk-through take note of some items in the house. For example, did you love their garden? Was your alma mater’s flag hanging in the garage?
  • Big or small, by sharing a common interest in your letter, you’ll make yourself more relatable.
  • Don’t go overboard – keep it short and sweet! The key is to be sincere in a sentence or two.
#3 Provide Your Offer Details
  • In your letter, make sure to include your offer price, earnest money deposit, loan status and the amount of your down payment.
#4 Include Your Mortgage Pre-Approval Letter
  • Having a pre-approval letter is more important than ever.
  • A pre-approval letter is an official letter from your lender (Greenway Mortgage) that provides documentation of exactly how much you are approved to borrow.
  • Note: A seller may not consider your offer without a pre-approval letter.
  • Sellers look for buyers that are pre-approved because it gives them confidence that you can secure the financing needed to complete the home purchase.
#5 Outline your Contingencies
  • Contingencies are the conditions that must be met by either the buyer or the seller before the home buying process can move forward.
  • Common contingencies include securing financing for the property, a home inspection and home appraisal and sale of the buyer’s existing house. 
  • Be transparent about your expectations. Include the proposed closing date.
#6 Proofread Your Letter
  • Before you deliver your award-winner letter, make sure you proofread it thoroughly. Mistakes may make the seller think you don’t take your offer seriously.
#7 Keep it to One Page
  • Remember what we said before? Short and sweet. No one wants to read a lengthy letter of your personal history.
  • Keep your letter to one page, even if you have to make a few edits.
  • Focus on a few of the most important reasons why you are the BEST buyer for the home.
#8 Thank You
  • Don’t forget to close with a thank you!
  • Finish the letter off by expressing your appreciation that the seller is considering your offer and reiterate why you are the perfect buyer.
Bottom Line:
Don’t give up! If you think you’re in danger of losing your bid to another buyer try using our tips above to write a short letter to the seller. You may think that your only option is to go above the asking price to sweeten your purchase offer. However, including an earnest money deposit shows the seller you’re a serious buyer. Reach out to a trusted real estate professional to be sure you have the guidance you need as the competition for homes continues to heat up!
Need a pre-approval or have home buying questions? Reach out to the trusted professionals at Greenway Mortgage.

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