Buying a business and its effects on getting a home loan

[Logan McConnell]

Hi, is anyone familiar with the business ownership (>25%) self-employed rule? I heard that owning >25% of a business negates your monthly wage (even if you are a W-2 earner) from a lenders perspective for 1-2 years. There must be a way around this right. I recently purchased a a portion of a business. I receive a month salary and will get profit sharing at the end of the year. Will a lender give me hassle with a home loan? I have been an employee with the company for 10 years and the company has been profitable every year so it has a good track record. But my friend just ran into this issues and was told that they cannot get any traditional SFH 5% down mortgage for a minimum of 1 year after the business share purchase date. Does anyone have any recommendations to get around this issue and to still qualify for tradition home loans?