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If I don't have a steady full-time job and my tax returns don't prove that I've made enough over the last 2 years would it be worth even trying to qualify for a mortgage myself?

I have an excellent credit score 770+

I have W2 work, but I also have a lot of independent contractor work and over this last summer work has been very slow and my work doesn't pick up until fall so it currently looks like I am not making much money.

I am looking for a condo in the $100-130K range. (Homes in my area [Miami] are much more expensive for anything decent $250k+) so it will have to be a condo. For a $130K place I have enough for 10% down, but ideally I would want to put 5-7% down so that I have a bit of a cushion for unseen expenses.

From what I've been reading, in order to qualify for a loan you should have proof of full-time employment of 2 years+ and tax returns that show you can afford the payments.

Unfortunately I do not have either of those. My last 2 tax returns definitely look like I don't make enough. And my employment makes it look like I have unsteady income.

I'm starting to think if it is even worth taking the hit on my credit trying to qualify for a mortgage?

Edit: If it helps, I have several thousand in investments (excluded from the amount saved for a down payment) and I also have USAA (military family, not me).

Edit 2: Also I have no debts.

Edit 3: My DTI is under 25%

submitted by /u/SPER
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/c7hair/if_i_dont_have_a_steady_fulltime_job_and_my_tax/
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