Underwriting advice for first househack

[Jarod R. Kerr]

Hello BiggerPockets community,

I am currently in escrow for my first house hack which is set for closing at the end of the month. I will have two roommates which will cover all of the mortgage. I am having a hiccup through the underwriting process. I have recently transitioned out of the hospitality industry at the beginning of COVID to a job within concealing the major phone company antennas. I do also hold a 1099 job but can not be used on my application for the loan since I have yet to be involved with it for a minimum of two years. Underwriting is now telling me with the COVID restrictions that they can not approve my loan application due to the fact I am in a new line of work within the last six months. The options that my loan officer has stated so far is either find someone within the line of work to sign off on training for training up until the new job started, or bring someone else on board the loan with income. The Morgatge company doesn’t believe a higher down payment would work either. Any suggestions or advice? THANK YOU!