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What percent is set aside for federal?
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I had a feeling it would be an issue, so I just bought my house with cash. The buyer liked that.
Maybe a couple more years freelancing and I’ll look into that.
I was freelancing when we purchased home in now, spouse was employed FT.
Mortgage broker said to just leave me off the mortgage. That the 1099 wasn’t going to help us get approved and in fact could work against us.
Good luck.
You can do a bank statement loan.
You just have to find the right person that has the right mortgage tools (loans) for you.
Any insight on the renting experience?
I wasn’t able to do a conventional loan I had to do an FHA and I only had to put 3 1/2% down and my credit score was like a 620. I had to get it to a 620 but I was only out like $9000 For my down payment