Trying To Save This Deal !!!

[Johnny Mack]

I posted before about being an airline mechanic in PA and the massive furloughs in the industry, here we are. I'm officially off the payroll and my lender and the seller dragged things out 3 additional weeks to where now I can't close in this condition. I notified the lender and I do have a job waiting for me to go to, but that income won't qualify, even though I will make more at the old job due to available overtime, they won't count overtime income. Me and my realtor don't think the seller will wait for me to add a co-signer (my wife) or even start a new job.This house hack is perfect for me and my family, numbers are good, space and area is good. I read on here before about getting a hard money lender to buy cash, then refinance later after things stabilize. How comfortable are HML and conventional lenders with this? Any good HML in the Philadelphia area? Thanks for any input.

[Caroline Gerardo]

Johnny do not buy with hard money, if you can't qualify with ratios to be approved with a conventional loan you are NOT going to find it easy to make the payment which will be double what the monthly was for conventional. Let it go. Another home will be perfect, prettier, better and cheaper in the future when your income returns. Don't put the stress on your back. Best wishes and hugs to you