Anyway around needing 2 years of seasonal work to get a loan.

[Joshua Logan]

I am running into the issue where mortgage companies cant use any of my income due to not having 2 full years of seasonal work history. I Currently own a duplex that I househack and am looking to do the same with another 2-4 unit. Issue with getting a co-signer is it ends up being too much debt to income ratio. i am in the twin cities area and I am just on here wondering if there are any work arounds or if I need to go the creative financing route, try to find a co-signer who makes more money or just wait it out.

[Erik Estrada]

Hi Joshua, 

Typically most conventional lenders want to see 2 years of consistent income, especially for seasonal work. If you are self-employed you might be able to get away with providing 1 year tax returns, however they will want to verify you have been in business for 5 years. 

You will also face another hurdle as the underwriter may question your intent with the next primary property. Is this an upgrade from your existing home? Are you down-sizing? They may condition for this and could kill your deal.