Options for Securing a Mortgage without W2s?

[Ye'Chiya Harper]

Greeting BP Fam,

While saving for our dream home, my husband and I decided we'd house hack our first home. My husband's now "former" employer failed to provide his corrected W2s and his most recent pay stubs for the past two years (it's a long story; contacting the IRS hasn't been much help).

How can we secure a loan without his W2? Would we have to wait two years before we purchase a home? If we used a private lender, we'd still have to wait two years (we'd have his W2s by then) before we could refinance, correct?

We don't have enough money to purchase property, all cash (we'd feel comfortable only putting about $10-15k down). We are not opposed to continuing to save or waiting a couple of more years to purchase. However, I won't feel content unless I explore all of our opinions.

I've read something about using a DSCR loan, but I don't know much about it or if we'd have enough of a down payment to secure a property for that option.

Any advice would be greatly appreciated.

Thanks! 

[Steven Foster Wilson]

DSCR loans can be very useful. When I was starting out with no income I was able to refinance a lot of my Columbus OH properties. Their rates were higher, but it was worth it to be able to gain access to my equity.