Home mortgage loan BS....

Truck drivers that are paid by the mile, buy homes every day.
You can too. A credit union will pre-approve you, then you can shop for the home.

 

Another tip interview a few local mortgage brokers they have many more programs than the banks.

Tell them about your situation provide them a copy of your credit and your income documents Don't let them pull your credit because that will lower your score

go with the one that tells you they've done a loan similar to yours recently and that you have a good feeling about

 

This seems odd. Plenty of drivers have purchased homes. Have bought and sold multiple homes, all while driving. Sounds like the underwriter just does not know what he is doing. Look for a mortgage broker who does full processing. They will be chomping to get a package like what your describing.
Today, you should see very little in fees, some will actually rebate on close.

 

Why buy a house when you can live in the truck

 

I don't think a truck parked at loves would make a good retirement home

 

Try local community banks and credit unions. Tell them you are interested in "manual underwriting". On line and big banks only do desk top underwriting (computerized) ...a monkey can do that. You should do fine.

 

I bought mine with 1099`s and 2 years tax returns. Same company helps. No issues. Debt ratio is what kills most folks

 

Why are you looking at a FHA loan?!? Those are for people with credit issues and who don't have any money to put down. It's one of the most expensive kind of loans you can get. If you truly have an 800 credit score like you say that's the last thing you should be looking at.

 

Your all pissed off because someone won't lend
You money to go into debt.
There doing you a favor.
Look at all that money still sitting in your bank account.
Your trucking worry free. Enjoy it.

 

Don’t know about credit unions, but an FHA loan 1 year is enough with a w2, conventional loan require you to have 2 years of verifiable income, VA once again is like the FHA but 0 down loans are a possibility, also USDA has loans that are like the VA for rural areas. Find yourself a capable MLO ( mortgage loan originator/officer ) that can explain things to you and run away from banks as fast as you can.


If your looking for an FHA you can get 3.5% down loans but you will need mortgage insurance. Once your Loan to value drops to 80% you can ask for the Mortgage insurance to be taken off, the lender can agree or not but once it reaches 78% then by law they will take it off.

Hope this helps.