Ive talked to a few brokers, and seems like stated income loans are a thing of the past. Since im technically "self employed" I have tax write offs and at the end of the year, it doesnt look like I make a lot of money. Even looking at revenue numbers, they dont care, they only want to see what is on your schedule c on your taxes.
Any suggestions besides putting myself on payroll?
I don't understand that when I show them im paying $2500/mo in rent that I can easily afford $1800/mo mortgage, but they say slim chance unless im putting down 25-30% cash
