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Help with obtaining a home loan as a bartender

I’m 28 years old, male. I’ve worked full time as a bartender for about 8 years. I still live at home and I’m looking to move out by purchasing a home.

I’ve had issues with lenders because I only make about $20-30k a year on paper. Large majority of my income is in the form of cash.

I have excellent credit, which I started building the second I turned 18. Never missed a payment. My 2020 Corolla which I financed will be paid off next year. I have savings and a stock portfolio worth about $70k, some of which I plan to use towards my down payment.

I feel I’m in a great position to purchase a home, I’m just having difficulty obtaining a loan. I keep being told I can only be approved based on what my tax returns say. Any advice on what I should do?

submitted by /u/DoseOfNirvana
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source https://www.reddit.com/r/RealEstate/comments/1h9dw7e/help_with_obtaining_a_home_loan_as_a_bartender/
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