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Updated over 8 years ago,

User Stats

7
Posts
1
Votes
Aaron Pike
  • San Francisco, CA
1
Votes |
7
Posts

First investment property-Denied mortgage

Aaron Pike
  • San Francisco, CA
Posted

Hi all,

I had saved up about 50K for a downpayment and have approx. 75K in other investments as reserves but made the mistake of switching my employment to all self-employed last year and I was denied a loan because I can't prove current income till I file my 2016 taxes. I have no debt (besides nominal credit card expenditures which are paid off at the end of the month), 786 credit score, plenty of money for a down payment and reserves but what are my other options to getting a loan?

I have read other posts about partnering up with other investors or commercial lenders being a possibility. Anything else?

Thanks!

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