Seeking Financing in FL With 10% or Less Down

[Joseph Lalia]

Hi all,

Virgin poster here seeking some assistance/advice. I'm a physician, currently under contract on a property for 1.2 million in FL. My financing just fell through because of my DTI. This is skewed because I'm an independent contractor and my accountant has done a phenomenal job with write-offs over the years. Knowing this has been an issue before, I had a parent co-sign with assets >5 million. I was using a lender that locked me in at 3.5% with 0% down on a 30 yr fixed physician loan.

Seeing as how I was referred to this lender by another who doesn't service FL and was fully aware of my tax history (6 figure deductions, etc.) AND pre-qualified me for California up to 1.5 million, I'm quite frustrated at the moment and spinning my wheels with one banking day left before the long weekend and a closing date of July 31st. 

Really want to avoid anything more than 10% down at worst, but would gladly take 5% with comparable terms. Credit score is 740-750.

Appreciate any help anyone can offer.