First time loan advice.

[Tabitha Gier]

Hello everybody! So I’m pretty ready to make the jump into buying my first property/multifamily! I move from WI to TN,July 1st and plan to owner occupy a multifamily home, or a maybe a single family house if it comes down to it. 

The issue that I’m having right now is the loan. When COVID started, my two jobs closed. Did unemployment for a few months until I was able to start working as self-employed last May. So now I have been averaging a decent amount. 

My lender said we can not continue the process without having, practically a regular job because I have been self employed for less than two years. That’s ok, but what do I do next? My self-employment is not what I want to do for life, but it’s paid my way and I’m happy with it for the time being. I would like to be a realtor, and wanted to start that process after moving. 

How are ways I can go about this? Should I find a remote job in TN that I can work for while living here in the mean time? Should I contact my old jobs that would take me back, but they are both waitressing jobs? I make good money but it isn’t consistent nor hourly. Ubering? Lol 

Not sure if that would help this situation.

Would confirming a job there for July let me continue my process, or do I need to be presently working it?

Any advice welcomed! I’m quite confused on what the qualifications are.

Additional info, I’m 24, I have a 780 credit score and about 10k or so in savings. If that means anything. 

Thank you all in advance!