Surviving the 1099 mortgage hurdle — Yes, freelance home buying is real!

When I started my home-buying journey as an independent contractor, three lenders laughed me out of the room because I didn't have W2s. They kept demanding 2 solid years of perfect, flat business tax tax returns. I learned that write-offs reduce your taxable income, which actually HURT our borrowing power! I had to work with an advisor to show a clean net income strategy. If you're 1099, do NOT panic. There are non-qualifying bank statement loans, or you can qualify with solid tracking. I found our Townhome in Austin last November!