Can't buy a home???!!! Need help!!!

[Jake S.]

Hello all, came across this site and figured after frantically searching the Internet for a solution after having 2 seperated mortgage brokers lie to us maybe the collective wealth and experience of the people on this site can help me? so here's my scenario and what I am seeking any and all help/advice on;

My wife and I are self employed, we own a small financial services company in Boise, ID. We relocated here from Bellevue, WA about a year ago an absolutely love it! Currently, we are renting a nice new construction home which is fine as we have 2 kids and wanted to get to know the area before we settled in. Well, now we have a 3rd child on the way and we want to buy a home for our family so we can settle in somewhere and have that "family home" our kids will grow up in. As many of you know, being self employed is like having the bubonic plague to lenders now for some reason? We started our business in early 2013. My wife left her W2 job at AT&T (making about 70k a year) to stay at home with the kids. She has a good credit history and a score of around 720 or so give or take 5-10 points up or down depending on factors. She has completed a lease on a Lexus in her name and currently has another Lexus in her name as well as a $97,000 2016 Audi S7 on a lease as well. About $49,000 in credit cards limits with about $3,000 balance so very very low DTI car payments are $709 and $1250 a month and those are our only debts no student loans or anything like that. We use my wife's credit for everything as mine is trashed due to being self employed in financial services during the economic crash and unexpected medical emergency prior to us being together. So we would be applying for a mortgage in her name. I've been told about "portfolio loans" but that they have a high down payment requirement of 20-30%???. So our bank statements for 2015 show roughly 290k in income. Problem is we filed our taxes seperately as we finally got legally married in November 2015. So a brunt of the income went to me. Her tax returns for 2014 only shows $22,000 in income and 2015 will be filed soon by our accountant but jointly so not sure how that will work qualifying wise if they'll just take 50% and use that to calculate her income? The homes we've been looking at are ranged from 700k to 1mm in price. If it matters, our business has a residual income of roughly $10,000 a month and growing similar to a base salary. Is there anyway we can buy a house without having to put down a gigantic down payment? I am open to any and all suggestions or options at this point so much for the American Dream when you make 300k a year and growing and its seemingly impossible to buy a home for my family. Thank you all for reading and for your help!