Formerly self employed now on salary, but only for 2 mos. Can I get a mortgage?I have been a 25% owner of a company since 2006 and we made losses every year. I had been paid on a draw, hence no W2's. My 1040s and schedule K for 2008-9 show large losses. I have since sold shares to my partner to cover losses and now own 12.5% of the company. At the start of this fiscal year (Sept 1st 2010) I changed to a salaried W4/W2 employee with withholding. I make $69k gross a year, $12k in bonuses, and have an employment contract. I can show my draw history over the last 2 years, and the last two paystubs. I have a 750-765 Fico, and 50k cash available for 10% down, closing costs and a 6mos mortgage reserve. I have an accepted offer on a condo in Bushwick, Brooklyn for 288k with the seller paying transfer tax and a 3% closing credit. What do I need to do to get a mortgage? Is it possible?October 24 2010 - Bushwick00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.