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MrRISC6000 · Joined: 06 May 2009 Posts: 2 2.33 Dollars($)

Hello. Here is the situation. I am a Physical Therapist in California. I have been working this last year to pay down all of my debt. I had about 60k or so in credit card debt, which is now all paid off. The only thing showing on my credit now is two car loans. My midline FICA score is 751. I have been doing a mix of W2 and 1099 the past 3 years. Recently this last year in Oct 08, I started contracting for the state of California, providing PT services. I am contracting at a rate of $110 per hour. However it seems from the initial appearances that I can't get approved to buy a house despite my efforts, because now my income is solely 1099, and therefore the mortgage lender won't use my previous years W2 income. Also because of the write off amounts that I have done for the last couple of years on my tax returns, my actual income is low. I have tried to position myself in the best possible circumstances to purchase home, by paying off my debt. Is there anyone out there that can help me?

gmakerley · Posted: Wed May 06, 2009 7:01 am Post subject:

i doubt that

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

Hi MrRISC6000,

Welcome to our forum.

I also have doubt.

Thanks & Regards.

gmakerley · Posted: Wed May 06, 2009 9:52 am Post subject:

gunzi, do you know what i was referring to?

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