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My Husband and I are trying to buy a home. He is a government contractor and it is under his name a

  • November 24 2012 - Menifee
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Answers (3)

The issue is that he is not an "employee" but contract labor. When lender asked for W2s for past two yrs and 1099s were provided, that was a "red flag".  If he was hired as a full time employee where he is or somewhere else in same position, this would likely resolve the issue.
Unfortunately, this may not help you in time to close on your purchase.
  • November 24 2012
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He has a high FICO score, 100k a year, and 20% down payment. He has an ending date to his contract in three months. Underwriter wants to see continuation of employment so we had employer write a letter stating that he has been employed for three years and we wish to keep him on in the future. They say not good enough. Is this the final answer? Is there anything we can do?
  • November 24 2012
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Your question was cut off. You can hit POST REPLY and complete the question.
  • November 24 2012
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