Financing for investment

[Cecelia Mitchell]

Hello all  I am looking to close  on  my investment property  in a few  (5) weeks  the problem I'm having is financing. First  I was told  that  I would be able to put 15% down  then I was told  that  unfortunately due to my debt to income  ratio I have to put  the purchase  agreement  and Loan  in my husband's name only.  

According to the mortgage broker when he did the pre-qualiication using a computer system it came up that my husband needs to put down 23%. We need to produce  2 months of bank statements with  that 23% plus closing costs sitting  in the bank.  We are about  $6,000 short of the required amount. I asked the broker if he can  ask different lenders at the same time to see who he could get the best  deal/rate from. He told me that that is now a violation and he can lose his license for shopping the mortgage. He has to go to one lender at a time and we don't have time.  

The sellers are not motivated to work with me because I had the house on a lease purchase ( separate term lease Plus purchase agreement)  and everything that could break broke because it was leased for years and LL repaired nothing , so they had to spend  thousands of dollars in repair plus the home value went up 10000 dollars. We had a few contentious discussions so now I don't know if they would agree with taking my name off the agreement and just leave my husband's name.

 I'm staying positive that we will close but at the same time  I am a little worried. Does anyone have any  thoughts or ideas how I can remedy this situation  No I don't have any friends and family to ask  for the extra 6000. If I could get a 20% down payment I would be fine it's that extra 3% that pushing me out.

The home price is SFR 134900

Rent is 1200+

Hubbys credit is 650

Hubbys DTI is 38%

Any advice you can give would be greatly appreciated. Positive thoughts and energy appreciated too.  thank you guys so much.