Question for lenders

[Martin Scherer]

For 30 years I was self employed as a general contractor. 5 yeas ago a long term client asked me to become an employee for an HOA that they managed as a construction coordinator/ project manager. That worked out very well but about 6 months ago the same client asked me to do some side projects for them at very lucrative pay. I convinced my HOA employer to to retain my services as a general contractor but at reduced hours for the same gross pay therefore raising my income. That was in February and acting again as a self employed general contractor my income is increased by 25% which of course is great but now I want to get a loan to purchase a home for myself. Since I am self employed again my favorite lender that I have used many times before is telling me she doubts that I can get a loan since I changed my status. I have been in the same industry for 34 years and have great credit. Now since I voluntarily changed my status I cannot get a loan---say it ain't so.

One other issue is that I own quite a few rentals all of which I bought 8-10 years ago and they all have positive cash-flow.  This she is telling me hurts as well.  Did I screw myself?

And yes I know I can get creative but has lending become this strict?