High Credit + High Savings - No W2 = Suggestions?
Hi all - I'm wondering if anyone has banks/lender recommendations in DFW who can help here:
I'm starting the search for my first property (thinking North Arlington area). My goal is to find a 3 bedroom SFR for less than 150k, live in one room, and rent/airbnb the other 2.
The issue however is that I'm newly self employed, so I don't have a W2 or income history. On the flip side, I have a good credit score (750+) and high cash savings. Since I'd prefer to use the cash for reserves + my business, I was hoping to find a long-term financing option for the purchase. Does anyone know a bank/lender recommendation who can help in this type of scenario? I'd like to avoid HML and short-term financing in general, and would be willing to put a 10-20% deposit if needed.
Thanks!