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Updated over 7 years ago on . Most recent reply
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First time homebuyer and 1099 employee seeking mortgage
Hello everyone. I live in Austin, TX. I am planning to buy a single family home to live in somewhere in the next 6 to 12 months. I am a 1099 employee with a good wage and would-be a first time buyer. Unfortunately, this has caused some hangups with traditional mortgage lenders since I have been 1099 for right at 1 year now (they seem to want two years).
Does anyone have good recommendations as to where I should look for lending? I have been 1099 for 1 year, making a good amount of consistent money. On top of that, my current job is similar to my previous W2 job of 3.5 years, just had decided to go independent for more freedom in terms of time and money.
I appreciate any help on this!
Clint