1099 Income Messed Up My Mortgage Plans—What Now?

[Jaylin Evans]

I recently transitioned to being fully 1099, and I was under the impression that the income would be reported under me personally rather than through my business. Long story short—I thought my 2024 income would include my W-2 earnings from earlier this year, but that’s not the case.

I ended up writing off too much on my taxes, and now it looks like I can’t qualify for my next house hack—even though I do make enough money. I’ve got my down payment ready for a 5% or possibly 10% down, but the lender basically said I need to wait until next year to qualify based on income.

I feel stuck. Has anyone navigated a similar situation? Open to any advice or creative solutions.

Thanks in advance!