Help! Qualifying for a Mortgage While Working for a Staffing Agency

[bear88]

I'm attempting to qualify for a mortgage in order to purchase a duplex with my Dad. He would live in one of the units and the other would be a rental. I work for a company who contracts with the government, and he doesn't make enough money to qualify for a mortgage on his own. We have now been told twice (by Citizen's Bank and Chase Mortgage) that my income can't be considered for the loan because I work for a "staffing agency". I will receive a W2 from this job, not a 1099. I have only had this job since January, but we qualified back in the fall when I had a different job at a non-profit agency. We both have excellent credit, and over 50k in cash plus additional assets. It seems crazy that banks won't lend to us. It seems like Lending Club and Prosper only offer loans up to 35k. SoFi doesn't initiate mortgages in his state (Ohio) Any advice or help? Thank you.

[fishnfool]

I've heard some good things about Aimloan, good rates etc. You can do everything online with them. Other than that, try a local credit union, they sometimes are easier to work with vs corporate banks. Although I've done a few loans with Wells F. that went smoothly.

good luck!

[Much Fishing to Do]

I bought a primary home while W2'd with a staffing agency a long time ago. I remember waiting a few months to get 2 full years earnings at that same agency per bank's advice for job to be taken seriously in underwriting, and then received a market rate loan, which they definitely implied was not going to happen before I hit the 2 year mark. Had excellent credit and solid down payment.  Sorry, no ideas from my end, just wanted to throw out that your job will not always disqualify you, its just too new right now.