Portfolio Lender needed to close on new construction n Sacramento

[Mike Mollica]

I'm close to closing on a new construction home in Sacramento but just found out that because my most recent job is 1099, my lender has instructed me that I will need a portfolio lender as I'm considered 'self-employed' now. I've only been working with at this job since November and he says they need a 2 year history. I've been freelance but receiving W2s from different payroll companies for many years. I have a good income (over 100k), 750-800ish credit score, and can put up to 25% down on the loan which is about $387k. I have been jumping through hoops to try to make this all work as I do have a lot of expenses and my job isn't exactly normal. I was having to put 25% down as my lender had problems making my debt to income ratio work and was financing the house as an investment property so the interest rate I was getting was 5.25%.

Any insight or advice would be great.