All Forum Posts by: Sean Brown
Sean Brown has started 1 posts and replied 4 times.
Quote from @Kiernan LaFaver:
You may be able to qualify for a DSCR loan, but those terms and rates tend to be not very favorable compared to a typical conventional or FHA loan. Is it a single unit or multi family? If it's a multi family you may be able to qualify for an investment specific loan type. There are hard money lenders as well, which is essentially a sub for cash, but these are typically shorter terms with higher interest rates
the house i was looking at is a single family but i reached out to a lender & they told me if i can get back my w2 job we can work something out.
Quote from @Raymond J. Rodrigues:
@Sean Brown your only option if you wish to utilize a low down payment primary residence loan is to switch back to W2 for the time being.
thanks i reached out to my old job to get back on the payroll
hey good morning i am in a little dilemma. i’m looking to buy my first house, but I recently started a 1099 job and I was looking to get a loan from the bank but I require two years of tax income for the 1099 in order to be approved for loan I was wondering if there is any way around this.