Residential Purchase Dilemna

[Peter Padalino]

So my wife and I are trying to figure out how to solve our residential housing puzzle...We're currently in a $550K house with approx $200K in equity...House is too big and we'd like to downsize to about a $350K home...problem we've run into is that I lost my job at the end of last year (and am now focussing on our fledgling RE business) along with a 6 figure income - we also own two SFR rentals. My wife has a decent job, but without my income, our DTI has pushed past the acceptable, conventional criteria. We can certainly afford our current (and potential new lower) mortgage, but we'd need a workaround...if one exists.

Anyone have any creative financing ideas about how we might be able to accomplish the downsizing with the variables I've presented?

Thanks!