Financing advice – Please!

[Sal Montefiori]

I went to a mortgage broker last week in hopes to get pre-approved. The broker suggested the banks would not approve me based on my work situation and DTI. I am a salesman and have been working in my current job for 17 months. I moved from Buffalo to WPB to take on a job in the same industry but different role and apparently this doesn’t “count” regardless of what my w-2’s have shown. I feel as though I make decent money but with student loans and my salary + commission in the past 17 months averaged over the “24 months the banks would like to see” my DTI sky rockets and makes me ineligible. The broker said my credit was fine and my income was fine if I were to work a few more months I would be able to purchase no problem. The issue is my lease expires middle of May this year and I desperately don’t want to rent another year. On top of that my future sister and brother in law along with their dog are pushing me and my fiance to all rent together to save $$ if renting is our only option … ughh.

If I pay off a chunk of my debt which is my car and student loans only, I throw away my closing costs and down payment money. Gas pedals down at the office for more income but I’m running out of time to inflate my average enough to change my current standing. Maybe someone can shed light on another opportunity I am missing?

I am very interested in BRRRR method for my first one if that helps.