First time buying a home

[Ahsan Khan]

Hey BP members, Im looking to buy my first home i have a down payment of 100k and excellent credit, the only problem I'm having is i don't have have a high enough tax return yet, i took a minimum amount of income from my company and just kept on investing back in the business, i started by putting myself on payroll to make 40k by the end of the year. But then i would have to wait 2 years to buy a home at this pace. A person i know at the bank says without taking tax returns into consideration he can get me a loan but interest will be 7 percent which is way too much almost double whats in the market, but he said i should take it then refinance after 2 years when i have made the tax returns. What do you guys think, should i take the loan and then refinance or do you know if any lenders are able to do it with 1 year tax return(which will be completed by the end of this year). Thank You