Mortgage Approval Issues (Single Family Home) Self Employment

[David Paul]

I got a friend trying to buy a new property for him and his family. He's in sales and runs his own company. The house that he's wanting to buy is about 500k. FHA would work but the limit is too low for the house they want. A conventional loan will not work due to debt to income ratio. However, the bank is not including all of his income because he's only been self employed for two years. So, basically they are only counting his wife's income. If they included his income, there would no debt to income issues. He has spoken to multiple mortage lenders who basically finds this too complicated to figure out. So we decided to ask you guys, as I'm pretty sure someone has had this issue before and figured out other options to get the house. Location : Southern Kentucky