re: Financing a house as a 1099 (self-employed)

Info from my friend who is a mortgage broker.


I have seen this before....unfortunately, he will be restricted to a portfolio lender until he has the necessary time on the new job.
He can attempt to refinance once he approaches 2 years on the job. I wish I could help him now...but govt.continues to tighten lending standards.

I echo the Whitney bank comment from the poster above. Let me know if you want the contact that I used.