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I contacted a lender to pre-qualify for a home that I want to purchase in another town where I just started a new contract that pays exceptionally well. I have no debt with the exception of my current house which I will be renting for quite a bit more than my monthly payment. My credit rating is exception and I have a large down payment. He said everything was great but no bank would give me a loan because I am a contractor. We didn't discuss whether that mean W2 or 1099. He may have assumed 1099 but I am on a W2. I am single so there will be no one else on the loand. Can I get a loan?
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