My husband and I are recently graduated dentists who have been working for the past 6-7 months. We both work as independent contractors and are paid based on our production. We would like to buy our first home, but have been told that we will not qualify because we don't have a two year work history since we've been in school. Is there anything we can do to buy a home on our own, short of waiting another year and a half?
One more question: My mother is willing to be a co-signer, but she was told by her bank that it wouldn't help us at all. According to the loan officer, the only way she could help us would be to buy a second home and let us live there. Was this guy correct? Or would she be able to co-sign? (Mind you, we really don't want to have anyone co-sign if possible).
Thank you for your help!
-Desperate to stop renting