Updated over 3 years ago on . Most recent reply
Getting a loan with contract work
I have hit a hiccup with using a second home loan to buy a condo. I am a travel nurse and have had 3 lenders deny me due to me working contracts and the inability to confirm future pay. I know there are other travel nurses out there and definitely other contract workers. Does anyone have a lender that does conventional loans that will write for contract workers?
I work full time, I do not take long breaks in-between contracts, I own my primary residence (great cash flow and rate, leaving this for later down the road), I have a credit score of 810, I have low 6 figures savings and same in retirement. I know there are lenders out there that will work with me, but so far I am striking out. I would love some tips!
Most Popular Reply
DSCR or Bank Statement Loan will work for your situation.