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Updated almost 8 years ago,

User Stats

6
Posts
0
Votes
Andy M.
  • Rental Property Investor
  • San Jacinto, CA
0
Votes |
6
Posts

Southern CA Creative Financing needed for Primary Residence

Andy M.
  • Rental Property Investor
  • San Jacinto, CA
Posted

I am looking for some ideas on creative financing for purchasing my new primary residence. Since I am involved with a family business, my taxes are not conducive to me getting approved for a conventional loan right now. I have a large down payment and have the income to service the loan no problem, but I can't get past underwriting due to my DTI on my returns. I was preapproved months ago and didn't think this would be an issue, boy was I wrong.

Any suggestions? I have my existing house sold and an accepted offer on the new house. I just need to get the financing in place.