1099 earnings VS. W2 earnings

[Luiny Tavares]

Hello, Bigger Pockets Family,

I am a new investor, and I'm trying to get pre-qualified for a mortgage, preferably FHA cause those have the lowest down payments, and also tend to have a lower interest rate, and cash on cash return is important in my investment strategy.

I am a contract employee so I receive a 1099 instead of a W2, the bank I went to Provident Bank,  will only lend to me based on the amount I paid taxes on, from my 1099, and I try to pay as little taxes as possible, just like Donald Trump. so my Pre-qualification is pretty low for investing in New Jersey where I live.

 Are there Financial institutions that are friendlier to lending to folks with 1099's?

Please help, I want bags of cash, to help me with my investing.