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what you put on your tax return is most important. Because if that isn't true then you are lying to the IRS and why would anyone want to give a loan to someone that lies about thier income? If what is on your tax return is true and it shows low income then of course they aren't going to give you a loan. Doesn't matter what you pay in RENT, a lease is at most 1 year. A mortgage is 15-30 years. By the way 20% down has been the standard for any motgage. In these times I'm not surprised if that has gone up. The more you put down the less the bank is risking. You could take less deductions when you file you taxes thus making your income look larger. Of course that means paying more taxes, but do you want a house or not?
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