Qualifying for a Primary Home Loan

[Cynthia Ortiz]

My husband and I have been trying to qualify to purchase a primary home in So Cal (Jumbo Loan). We are also passive investors in several apartment syndications. All of our sponsors performed cost segregation studies in 2019, therefore creating a "paper loss" reflected on our K1's. Because of this, banks see this as a negative and are counting it against our DTI ratio. I have explained that this is simply a paper loss and not a loss of equity or underperformance from the property itself. Our CPA even wrote an explanation of this to which the bank's underwriters still counted against us. We are looking for a bank/lender who understands this scenario and can assist us. Any recommendations? Thank you!