(around $2K)Off course both of these cases seem like dead beats, however both are employed on the good positions with the state.

Hello everyone,I saw an AD that was in my email with Biggerpockets (Finance Of America) I called and got a rep when we asked for his NMLS# he told me that he is an employee of FACo Umbrella Commercial Lending N.O.O and his NMLS# only reflects his previous employment at a bank, and Commercial lending does not require a NMLSThey do loans for fix and flips, buy and holds.I want to make sure of who we are dealing with.

If possible, call their employer to confirm.Maybe I can't help you out of the ditch, but maybe this will help you steer clear of the next one!

If I am not mistaken I heard a few weeks ago that there is more relief on underwriting self employed individuals on declaring income.

Unless you invest in place with only one major employer that close up shop, invest in major employment hub with multiple employer will reduce your risk. 

Finish your education, get established in a career with a couple of years of employment and use that time to live the most frugal life style possible to save up the cash needed for the necessary DP and reserves.

Associate Brokers can run offices for brokers and manage people, Sales persons are employed at brokers.  

Preface: my employer got bought out by another corporation and we now currently use a different 401K company.

I’m a 23 year old self employed contractor with a 700 credit score.From 2014-2017 I haven’t shown much income due to write offs.

We spent almost all of our free cash on the down payment, we went with a conventional loan putting 20% down with a community bank in the area (which also happens to be my employer).