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

I left my W-2 job in the middle of the year almost 2 years ago. I wanted to do 20% conventional. Chase originally told me I would have to wait 2.5 years for a loan from them because the W2's needed to be full years of self employment.

I thought that was bull, so I checked around. I knew someone at Synergy and they told me that after the 1 year mark they could do an in house loan with a higher rate until I made the 2 years and then I could refinance to something normal.

After 1.5 years (2nd tax return), I explained my situation to Chase and synergy again. After getting the right people on the phone, they both agreed they could give me normal loans at that point. I guess it depends on the managers and your situation. Also got a number of rate quotes from mortgage brokers.

Now I have decided to build a house and I get to go through the same process again, because the mortgage guy I was going to use doesn't do construction loans