How can I get a mortgage loan without a current income?

[Sara Robin]

Hello! I currently have $150K equity in my current home and $300K cash on hand. I am looking to sell my current home and buy a new primary residence($500K value) but dont have a monthly income. I recently cashed out of a startup and working on a new venture. I can easily put 30-40% down.

Whats your advice in this situation. A mortgage lender told me to use a DSCR loan and just move in to the property as a primary residence?! I dont want to deal with legal issues down the road. Are there other ways to obtain a mortgage loan without a current income with a good amount of cash on hand? Thanks so much for your help in advance