Updated over 5 years ago on . Most recent reply
Non QM Loan for Newly Self Employed
Hi, I posted in the lending forum but was advised to post here as my question is California specific. I'm newly self-employed (~6 month) after resigning my W2 job and trying to get a loan to purchase a single family residence (as primary) in California. Due to Covid, lenders have withdrawn a lot of the non-QM programs and my self employment history is too short to qualify even though I have high credit score and strong bank statement. I am looking into private lending right now - seems like the only option left for me besides waiting till next year. Does anyone have advice on my situation? Thank you!