Financing after an amendment to your return?

[Sean Larson]

Hi all, I'm from Grand Rapids, Michigan and I recently had my tax returns amended. Upon telling the lender I was working with about the amendments they informed me that their policy is that they will not lend to anyone who has had an amendment within 6 months as to avoid people who would amend their taxes in order to appear to have a higher income and hence get the loan they want. My amendment also did just that as I had expenses that should have been put into depreciation schedules (as they now are). 

I have a good cash reserve but not enough for cash offer + rehab cash so I'm wondering if I have to just sit on the sidelines for another 6 months (the amendments took more than 3 months but that's a whole different story) or if there is some other way that I just don't know about? I'm not talking about owner financing either. 

I don't know if this is just their policy or a Fanny/Freddie rule either so maybe it's not going to be a problem (waiting on that answer from lender). 

Thanks for any input!

Sean Larson