Hard to get Financed

[Sam Kensinger]

I am a newly single dad going through a divorce. I started a new job 4 months ago that pays heavily on commission. I do quite well but because I don't have 2 years of that commission demonstrated, I can't qualify for more than $100k for a new home (we are selling the current one and going our separate ways). I need help finding financing!! 

I have never missed a mortgage payment and I have been a homeowner for about 8 years. I am only trying to get qualified for $350k. I am in Pennsylvania, trying to buy around the Allentown/Bethlehem market. 

I could probably afford a $10k - $20k down payment, though ideally, I would use my VA loan entitlement and use the proceeds of the house sale to pay down debt and fund some repairs.

Does anyone have any suggestions? I need to find something suitable for my kids and I've tried two different lenders now to no avail. It's tough out here!

[Romney Salanoa]

Hey Sam,

It sounds like you would be living in it. Have you thought about an FHA loan or am I wrong in assuming you would be staying there? I would also go to your local REIA if there is one, I can usually find a good amount of lenders there, and I have found they have better rates when I have a good convo with them in person.