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Switched from W2 to 1099, want to get a mortgage but just discovered most banks want two years at 1099

I started a new job and I had the option of going W2 or 1099. I figured 1099 would be best so I can deduct my expenses.

However, I just found out that banks are wanting two years of 1099 work before they'll provide a mortgage. I can understand this if it was a new business, but essentially I'm simply electing to 1099, and I could easily get a W2 job if something happened with the 1099 work.

Any suggestions on where I can find a bank that won't take a dogmatic approach to this mortgage and would lend me based on the fact it's the same field?

submitted by /u/spe-swa
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/qihn41/switched_from_w2_to_1099_want_to_get_a_mortgage/
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