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Oregon Real Estate Q&A Discussion Forum
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Updated over 3 years ago,

User Stats

4
Posts
1
Votes
Andrew Pearson
  • Contractor
  • Portland, OR
1
Votes |
4
Posts

Challenging Oregon Loan Situation - Who can make it happen?

Andrew Pearson
  • Contractor
  • Portland, OR
Posted

Hey! unique loan situation in Oregon. My brother and I co-founded a software company in January 2021 and sold it July 2021. Part of the purchase offer was to become a W2 employee at $200k a year. The catch, I only have two pay stubs and my past income was only W2 at $70K a year. I am only interested in getting approved with my $200K income (housing prices).  This would be to purchase an existing home. My brother was able to get a new construction loan (same exact situation) in Texas last week. I literally have an employment agreement and two pay stubs to qualify. Appreciate the help! 

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