My partner and I are considering buying a home. We're both half-owners in our own small software company. Our business has been around for three years, has always been profitable and profits have more or less doubled each year since we started. We both have excellent credit and our combined income is enough to qualify us for the kind of place we want based on the 28/36 rule.
But I've been researching this and I've been reading that self-employed people can (understandably) have a harder time qualifying for a mortgage.
What can I do to boost the chances that I'll get a mortgage and a good interest rate, despite being self-employed? Do I need to have more liquid assets, a bigger downpayment - both?
BTW, I'm in the US.