How to get a Mortgage as a 1099 Contractor

[Casey Briggs]

I am looking to get a mortgage for my first property. When talking with my mortgage broker, he told me that as a 1099 contractor, I will need to show 2 years of work history in order to qualify for a pre-approval. Unfortunately, I have only been a 1099 contractor for about 1 month. A year and a half ago, I was working as a W2 employee and then took some time off with little to no income until now. I definitely don't want to wait 2 years before purchasing, so I'm looking for some alternatives.

Does anyone know creative ways to get around this requirement and get a mortgage? Are there other types of lending that would be a better fit for me as a 1099 contractor?