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I worked on a Riverboat on the Mississippi in 2007 and 2008. During the winter months, I worked part-time for a major cruiseline.
The Riverboat Co. went bankrupt in Nov. of 2008.
I now work full-time doing the exact same job for the Cruiseline as of Dec. 2008.
I am having trouble convincing lenders that I do, in fact have 2 years of steady employment. They will not allow my income from the Riverboat Co., because I no longer work for them.
I have done this same job for many years. All self-employed, with the exception of the Riverboat Co.
How can I qualify? Or am I going to run into the same problem no matter where I go?
Piano Lady

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

Piano Lady

Welcome to the forum

It willbe diffcultto qulify for loan in this market situation with out showing a peemanent job and good source of constant income

Good luck and fell free to ask

manoj_gopale · Joined: 16 Feb 2009 Posts: 488 0.00 Dollars($)

IS there any gap period between your two employments? If it is not there then you can convince the lenders that you were full time employed to riverboat (you can show them necessary documents) and now you can show them that you are working with full time job with the cruise.

I think they have some objections with your part time work with cruiseline when you were employed with riverboat.

are you planning for FHA loan??

keep in touch....

brian3 · Joined: 09 Jun 2009 Posts: 80 21.31 Dollars($)

Now I see there are some more details here. Your loan depends on your tax returns and the amount of money you claimed for the last couple of years and also on your history of self employment. I would need alot more details to give you any firm answer. brian

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First time buyer loan qualifying problems